Number 2018 – 35
Vancouver, British Columbia, October 2 2018 - Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus"is pleased to announce that the Company has recently made progress on several fronts.
Nautilus Has Engaged Two Financial Advisors
Nautilus has entered into a financial advisory services agreement with Metals Logistics Investments Limited (“MLI&rdquo. MLI is a Dubai registered advisory firm focusing on companies in the resource sector with professionals in the UK, Switzerland and the US. MLI is advising Nautilus on alternative funding solutions.
Nautilus has also engaged Eight Capital as financial advisor to assist in a comprehensive review and analysis of strategic alternatives aimed at enhancing shareholder value. Eight Capital is a Canadian principal-owned, full-service investment dealer and is well-known globally as a leading investment banking firm in the mining sector.
John McCoach, CEO, Nautilus Minerals, said, “We are thrilled to be working with two world class advisors like MLI and Eight Capital.”
The Company does not intend to provide further updates on its strategic review until such time as management and the Board of Directors determines is appropriate. There can be no guarantee that this review will result in a transaction, or if a transaction is undertaken, as to its terms or timing.
Update on Production Support Vessel
As previously disclosed, Nautilus has been notified by Fujian Mawei Shipbuilding Ltd (the “Shipyard&rdquo, the owner of the shipyard where Nautilus’ Production Support Vessel (the “PSV&rdquo is being built, that the Shipyard has rescinded the shipbuilding contract between the Shipyard and MAC Goliath Pte Ltd (“MAC&rdquo, the contractor engaged by Nautilus to procure the construction of the PSV on behalf of Nautilus. The Company is currently in discussions with other parties about the ownership of the PSV and terms of a charter of the PSV to Nautilus. The Company will provide further updates as circumstances warrant.
For more information please refer to http://www.nautilusminerals.com or contact: