September 26, 2017 / 11:44 AM / 25 days ago

BRIEF-Nautilus provides corporate update

Sept 26 (Reuters) - Nautilus Minerals Inc

* Nautilus provides corporate update

* Nautilus Minerals Inc says continues to explore financing opportunities in order to maintain development of Solwara 1 project and company’s operations

* Nautilus Minerals - In active discussions with various parties, including existing shareholders, regarding potential financing transactions, alternatives​

* Nautilus Minerals Inc - ‍Failure to secure necessary financing may result in company engaging specialist advisors​

* Nautilus Minerals Inc - ‍Various steps include asset sales, JVS, capital restructurings in case co fails to secure necessary financing​

* Nautilus Minerals - To maintain co’s operations, development of Solwara 1 project, co needs to obtain new funding of about U.S. $41 million before end of 2017​

* Nautilus Minerals - To maintain operations, development of Solwara 1 project, needs at least about $15 million before Oct 31 to meet contractual commitments​ Source text for Eikon: Further company coverage:

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