10/22/2014 - 11:39 AM EST - Nautilus Minerals Inc. : announced that the Company has satisfied the first of the two conditions precedent to its agreement with the nominee of the Independent State of Papua New Guinea to secure certain intellectual property rights. In May 2014, the Company announced that following the State nominee, Eda Kopa (Solwara) Limited, paying $113 million U.S. into escrow for its 15% interest in the Solwara 1 Project up to first production, Nautilus was to secure for the State's nominee certain intellectual property rights and the charter of a Production Support Vessel in order for the escrowed funds to be released. Nautilus Minerals Inc.
shares T.NUS are trading up $0.03 at $0.53.
