Nautilus Minerals Inc. announced it has received gross proceeds of CAD 18.6 million from the issue of the second and final tranche of shares forming part of the non-brokered private placement first announced on August 1, 2012. Following the closing of this second tranche, Metalloinvest maintains its interest in Nautilus at 21%, Anglo American maintains its interest at 11.1% and MB Holding Company, through its subsidiary Mawarid Offshore Mining now owns approximately 16.9% of the company's shares.

Mawarid has been granted the right to nominate a director to the board of Nautilus as long as it maintains its ownership interest in Nautilus at 15% or more. The appointment of Mawarid's nominee, Dr. Mohammed Ali Al Barwani has now been made effective. Al Barwani is founder and Chairman of the MB Group, and is a member of the International SeaKeepers Society.