Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2013 (the “Financial Statements”) together with Management’s Discussion and Analysis.
First quarter 2013 highlights:
– Prospectus filed for C$40M Rights Offering
– US$36.6 million (equivalent) in cash and cash equivalents as at March 31, 2013
– Solwara 1 Project advanced
“Despite the setbacks in 2012, the Company has continued to advance the Solwara 1 Project and in particular, its three key contracts through a C$40M Rights Offering.” said Nautilus CEO Mike Johnston. “While the arbitration process is continuing and an outcome is expected in Q3 2013, it has been Nautilus’ preference to resolve the dispute with the State by agreement and with that aim Nautilus has taken steps to meet with senior representatives of the State, including discussions with National Executive Council Ministers. Nautilus continues to engage with the State in an effort to resolve matters amicably.”
[mappress] Press Release, May 07, 2013