July 4 (Reuters) - Nautilus Minerals Inc NUS.TO :
* NAUTILUS NOTIFIED OF RESCISSION OF SHIPBUILDING CONTRACT
* NOTIFIED BY FUJIAN MAWEI SHIPBUILDING LTD OF RESCISSION OF SHIPBUILDING CONTRACT
* NAUTILUS MINERALS- SHIPYARD RESCINDED SHIPBUILDING CONTRACT BETWEEN SHIPYARD AND MAC, CONTRACTOR ENGAGED BY CO TO PROCURE CONSTRUCTION OF PSV ON BEHALF OF CO
* NOTICE OF RESCISSION IS IN RESPONSE TO MAC'S FAILURE TO PAY THIRD INSTALLMENT OF CONTRACT PRICE