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Nautilus Provides Corporate Update - seabedmining - 01-08-2019

Vancouver, British Columbia, January 8, 2019 - Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus" ) provides the following corporate update.

Nautilus and Deep Sea Mining Finance Ltd. have agreed to extend the maturity date of the existing secured loan facility which is currently due on January 8, 2019, for 30 days ending on February 8, 2019.

Nautilus is currently in discussions with an arm’s length party to secure a US$5 million loan (the “Loan” ). Nautilus must receive the Loan, or another source of funding, on or before January 14, 2019 in order for the Nautilus group of companies to continue operations. There can be no assurances that the Company will receive the necessary funding by that date.

In the interim, and further to the Company's news release dated December 2, 2018, Nautilus continues to negotiate with arm’s length third parties to create a new joint venture company (the “Vessel JV" ) as well as related transactions to provide a long-term funding solution. The Vessel JV would be owned by the third parties and Nautilus’ subsidiary Nautilus Minerals Niugini Limited.

There can be no assurances that the Company will be able to successfully negotiate definitive agreements in relation to, and complete, any of the transactions discussed above. Any transactions will be subject to all necessary stock exchange, third party and government approvals, as well as compliance with all other regulatory requirements.

The Company will provide further updates as circumstances warrant.




RE: Nautilus Provides Corporate Update - dkeller - 01-08-2019

'seabedmining' pid='82638' datel Wrote:

Vancouver, British Columbia, January 8, 2019 - Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus" ) provides the following corporate update.

Nautilus and Deep Sea Mining Finance Ltd. have agreed to extend the maturity date of the existing secured loan facility which is currently due on January 8, 2019, for 30 days ending on February 8, 2019.

Nautilus is currently in discussions with an arm’s length party to secure a US$5 million loan (the “Loan” ). Nautilus must receive the Loan, or another source of funding, on or before January 14, 2019 in order for the Nautilus group of companies to continue operations. There can be no assurances that the Company will receive the necessary funding by that date.

In the interim, and further to the Company's news release dated December 2, 2018, Nautilus continues to negotiate with arm’s length third parties to create a new joint venture company (the “Vessel JV" ) as well as related transactions to provide a long-term funding solution. The Vessel JV would be owned by the third parties and Nautilus’ subsidiary Nautilus Minerals Niugini Limited.

There can be no assurances that the Company will be able to successfully negotiate definitive agreements in relation to, and complete, any of the transactions discussed above. Any transactions will be subject to all necessary stock exchange, third party and government approvals, as well as compliance with all other regulatory requirements.

The Company will provide further updates as circumstances warrant.

This does not make any sense - why did they wait until the last minute to go to a third party for another shortterm $5 million dollar loan? The original shareholders had setup this up for $34 million and Nautilus only drew it down by about 18 million. They should have taken the whole 34 million before now and then they would have had alot of breathing room to get the big finanacing in place. Theses guys  do not seem to have any business sense!!!!




RE: Nautilus Provides Corporate Update - seabedmining - 01-08-2019

the question is... why are they still talking about the Vessel JV? Or is this the hint that a solution is near? The arm's length party could, in both cases, be the same... or next week all our money is down the toilet


RE: Nautilus Provides Corporate Update - seabedmining - 01-08-2019

from another board...

CFO Withers, Glenn
Filing date: 2018-12-17
Acquisition or disposition under a purchase/ownership plan
$161,690 +703,000 vol $0.23 each

https://ceo.ca/api/sedi?insider=&symbol=NUS&date=&transaction=&amount=


RE: Nautilus Provides Corporate Update - JJameson - 01-09-2019

The transaction date is March 23, 2018 for his purchase. If the timing were closer, say December, I would feel more encouraged.

We are down to the wire and I am guessing that they would not be doing a 1-month extension on the loan if they were not close to some deal. But timing to get the needed $5M is only a week, so the pressure is on!

Hoping to hear some good news by this time next week!


RE: Nautilus Provides Corporate Update - Bille2271 - 01-15-2019

"Nautilus must receive the Loan, or another source of funding, on or before January 14, 2019 in order for the Nautilus group of companies to continue operations. There can be no assurances that the Company will receive the necessary funding by that date."

January 14th has come and gone. No announcement from Nautilus management. Is this game over? Does anyone know where we are at now and what this means for the future? Hard to believe looking back five years ago that we would be where we are at right now. I have been a shareholder since 2008 and never would have believed that lack of funding would be our problem to date.




RE: Nautilus Provides Corporate Update - seabedmining - 01-15-2019

VANCOUVER, British Columbia, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus" ) provides the following corporate update.

Further to the Company’s news release dated January 8, 2019, Nautilus has not yet received the US$5 million loan. Nautilus is however pleased to announce that Deep Sea Mining Finance has agreed to loan the Company US$500,000 to meet our short term funding obligations. This funding will also allow Nautilus to assess its options, including various restructuring options.

A further press release will be made once these funds have been received later this week and further updates will be provided as circumstances warrant.  

For more information please refer to www.nautilusminerals.com or contact:

Investor Relations 
Nautilus Minerals Inc. (Toronto) 
Email: investor@nautilusminerals.com 
Tel: +1 416 551 1100