Jan 15 (Reuters) - Nautilus Minerals Inc NUS.TO :
* NAUTILUS PROVIDES CORPORATE UPDATE
* NAUTILUS HAS NOT YET RECEIVED US$5 MILLION LOAN
* THIS FUNDING WILL ALSO ALLOW NAUTILUS TO ASSESS ITS OPTIONS, INCLUDING VARIOUS RESTRUCTURING OPTIONS
* SAYS DEEP SEA MINING FINANCE HAS AGREED TO LOAN COMPANY US$500,000 TO MEET SHORT TERM FUNDING OBLIGATIONS
* SAYS FUNDING WILL ALSO ALLOW NAUTILUS TO ASSESS ITS OPTIONS, INCLUDING VARIOUS RESTRUCTURING OPTIONS