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