Nautilus Minerals Inc. will grant shareholders of record on April 25, 2013, rights to purchase additional shares of the company, according to the Toronto Stock Exchange. As in a March 28, 2013, Nautilus news release, the company expects to raise up to $40-million. One right will be issued for each share held on the record date. One right will entitle the holder to buy 0.844335 of a Nautilus share for 20 cents. The rights will expire at 2 p.m. (Vancouver time) on May 31, 2013. Nautilus plans to use the money raised to continue financing its three key contracts related to the sea floor production system. The company's shares will start trading on an ex rights basis at the open on Tuesday, April 23, 2013, at which time the rights will be listed for trading on a when-issued basis under the symbol NUS.RT.

The TSX reports that all trades in the rights completed on May 28, 2013, will be for special settlement on May 30, 2013. All trades completed on May 29 and May 30, 2013, will settle on the next day in cash. All trades completed from the opening to 12 p.m. (Toronto time) on May 31, 2013, will settle on the same day in cash.