Nautilus Minerals Issues Options and Loan Shares (Canada)
Nautilus Minerals Inc has granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration for 2011.
The options and loan shares were granted under the Company’s Stock Option Plan and Share Loan Plan which were approved by shareholders and limit the total number of shares under the two plans to a combined maximum of 10% of the Company’s issued capital.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits and is currently developing its first development project at Solwara 1, in the territorial waters of Papua New Guinea, where the company is aiming to produce gold, copper and silver. The company has been granted all necessary environmental and mining permits.
Source: Nautilus Minerals, September 06, 2011;