Nautilus Reports Update on Copper/Gold Project And Third Quarter Results

Nautilus Minerals Inc. (TSX:NUS) updated on the progress on its seafloor copper/gold project in the September quarter of 2011 and reported its third quarter results.

As quoted in the press release:

The company completed the quarter with a cash balance of US$155.1 million, after successfully raising C$70.5 million in the first tranche of a C$98.1 million capital raising. The final tranche of C$27.6 million was received in October. The capital raising involved the issue of approximately 39 million shares at C$2.52 per share.

Click here to read the Nautilus Minerals Inc. (TSX:NUS) press release.