TORONTO, ONTARIO--(Marketwire - Jan. 29, 2009) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that on January 7, 2009 the Company granted options over 550,000 common shares to its non-executive directors at an exercise price of C$0.99 that vest at 20% every six months from the issue and expiring on January 7, 2012. The options granted to the non-executive directors are received in lieu of payment for their services as a director of the Company.
The details regarding the options granted are as follows:
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No. of
options
over
commons Exercise Vesting Expiration
Name Date of grant shares Price period Date
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Geoff Loudon January 7, 150,000 C$0.99 20% every January 7,
2009 6 months 2012
from date
of issue
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Farhad Moshiri January 7, 100,000 C$0.99 20% every January 7,
2009 6 months 2012
from date
of issue
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David De Witt January 7, 100,000 C$0.99 20% every January 7,
2009 6 months 2012
from date
of issue
---------------------------------------------------------------------------
Russell Debney January 7, 100,000 C$0.99 20% every January 7,
2009 6 months 2012
from date
of issue
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John O'Reilly January 7, 100,000 C$0.99 20% every January 7,
2009 6 months 2012
from date
of issue
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Total Granted 550,000
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About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is currently developing its first project. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cypress) Limited. |
