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Nautilus secures additional loan from Deep Sea Mining

TSX-listed Nautilus Minerals on Thursday announced that it had received a loan from Deep Sea Mining Finance for $650 000, under a previously announced credit facility of up to $34-million between the company, two of its subsidiaries and the lender. Pursuant to the agreement, Nautilus has issued to the Deep Sea Mining Finance an additional 2 792 096 warrants in connection with the $650 000 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.

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