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Nautilus secures bridge loans, inks new funding mandate

Creamer Media Deputy Editor: North America
Marine mining hopeful Nautilus Minerals has arranged bridge financing of about $7-million from Deep Sea Mining Finance, to assist the company's immediate working capital requirements. The loans will also allow the Canadian company to make the payments required to continue with the development of its novel seafloor production system which will be used at the Solwara 1 copper/gold project, offshore Papua New Guinea.

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