Nautilus receives offer

BRISBANE-based Nautilus Minerals has received an unsolicited hostile takeover offer from a Canadian trader, despite the future of its Solwara 1 seafloor project being in doubt due to a dispute with the Papua New Guinea government.

Nautilus receives offer Nautilus receives offer Nautilus receives offer Nautilus receives offer Nautilus receives offer

Minority shareholder Michael Bailey is offering C97c per share, a 108.6% premium to the last closing price, valuing the company at $238 million.

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