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BRIEF-Nautilus Minerals Says Negotiating Agreement With Third Parties For A New JV Co

Published 2018-12-02, 06:42 p/m
© Reuters.  BRIEF-Nautilus Minerals Says Negotiating Agreement With Third Parties For A New JV Co

Dec 2 (Reuters) - Nautilus Minerals Inc NUS.TO :

* NAUTILUS PROVIDES CORPORATE UPDATE

* NAUTILUS MINERALS - NEGOTIATING TERMS OF AN AGREEMENT WITH ARM'S LENGTH THIRD PARTIES THAT WOULD INVOLVE CREATION OF A NEW JOINT VENTURE COMPANY

* NEW JOINT VENTURE COMPANY TO BE OWNED BY THIRD PARTIES AND NAUTILUS' SUBSIDIARY, NAUTILUS MINERALS NIUGINI LIMITED

* NAUTILUS MINERALS-PURPOSE OF VESSEL JV IS TO FUND ACQUISITION OF PRODUCTION SUPPORT VESSEL THAT CO HAD ARRANGED TO BE PROCURED THROUGH MAC GOLIATH PTE

* VESSEL JV WOULD OWN AND OPERATE FULLY INTEGRATED PRODUCTION SUPPORT VESSEL ("PSV")

* NAUTILUS MINERALS- VESSEL JV WOULD CHARTER PSV TO EXISTING SOLWARA 1 JV BETWEEN NMN,INDEPENDENT STATE OF PAPUA NEW GUINEA'S NOMINEE, EDA KOPA (SOLWARA) LTD

* NAUTILUS MINERALS -IN DISCUSSIONS WITH DEEP SEA MINING FINANCE ( "LENDER") TO EXTEND MATURITY DATE OF EXISTING SECURED LOAN FACILITY PROVIDED BY LENDER

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