Nautilus has issued to the lender an additional 3,543,814 warrants of the company in connection with the US$825,000 loan.

Nautilus Minerals (TSX:NUS) has announced that it has received a loan from Deep Sea Mining Finance in the principal amount of US$825,000 under the previously announced loan agreement between the company, two of its subsidiaries and the lender which provides for a secured structured credit facility of up to US$34 million.

According to the release, Nautilus has issued to the lender an additional 3,543,814 warrants of the company in connection with the US$825,000 loan. Each such warrant entitles the lender to purchase one common share of the company at a price of C$0.17 for a period of five years from the date of issuance of the warrant.