Nautilus Responds to Announcement of Unsolicited Take-Over Bid
TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- Nautilus Minerals
Inc. (TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) (the "Company" or "Nautilus")
has become aware through a news release dated January 7, 2013 that
Michael Bailey, an individual, and an entity controlled by him,
intend to make an unsolicited offer to purchase all of the
outstanding shares of Nautilus.
Nautilus has not had any contact with Mr. Bailey or any entity
controlled by him with respect to this unsolicited offer and has no
prior knowledge thereof. Nautilus is therefore unable to make any
determinations regarding the offer or its validity.
The Board of Directors of Nautilus will consider the unsolicited
offer if and when it is formally made. Nautilus advises its
shareholders not to take any action in respect of such offer, if and
when made, until shareholders have received further communication
from the Board of Directors of Nautilus.
For more information please refer to www.nautilusminerals.com.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for
polymetallic seafloor massive sulphide deposits. Nautilus was granted
the first mining lease for such deposits at the prospect known as
Solwara 1, in the territorial waters of Papua New Guinea, where it is
aiming to produce copper, gold and silver. The company has also been
granted its environmental permit for this site.
Nautilus also holds more than 500,000 km2 of highly prospective
exploration acreage in the western Pacific; in PNG, the Solomon
Islands, Fiji, Vanuatu and Tonga, as well as in international waters
in the eastern Pacific.
A Canadian registered company, Nautilus is listed on the TSX:NUS and
AIM:NUS stock exchanges and OTCQX:NUSMF. Its corporate office is in
Brisbane, Australia. Its major shareholders include Metalloinvest,
the largest iron ore producer in Europe and the CIS, which has a 21%
holding, global mining group Anglo American, which holds an 11.1%
interest and MB Holdings, an Oman based group with interests in
mining, oil & gas, which holds a 16.9% interest.
Neither the TSX, London Stock Exchange, nor the OTCQX accepts
responsibility for the adequacy or accuracy of this press release.
Nautilus Minerals Inc. (Toronto)
+1 (416) 551 1100
Numis Securities Limited
Nominated adviser: Alastair Stratton/Stuart Skinner
Corporate broking: James Black
+ 44(0) 20 7260 1000
Dahlman Rose & Co., LLC
Christopher R. Weekes
1301 Avenue of the Americas
New York, NY 10019
Direct: +1 212 372 5766
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