CAPITAL MARKETS

Nautilus to resurface

DEEPSEA explorer Nautilus Minerals is planning a $C40 million ($A37.7 million) rights issue to restart construction of its pioneering seafloor production system.

Blair Price
Nautilus to resurface

The rights issue aims to subscribe 200,000 common shares at 20c each. Nautilus said its key stakeholder MB Holdings had agreed to buy all of the offer’s unsubscribed shares for a fee of $2 million....

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