CAPITAL MARKETS

Another hole in Nautilus takeover story

TRADER Michael Bailey, who believes he can take over deep-sea explorer Nautilus Minerals, recently issued a press release concerning an associated $C80 million ($A77 million) equity financing through Dutchess Capital Management without the consent of the fund manager.

Blair Price

Another hole in Nautilus takeover story

On Tuesday, in the latest of his six Nautilus-related press releases, Bailey called for the explorer’s board to execute a term sheet through Dutchess for $80 million of equity financing. The demand,...

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