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Nautilus Minerals Inc
Symbol NUS
Shares Issued 701,770,858
Close 2017-10-18 C$ 0.20
Market Cap C$ 140,354,172
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Nautilus Minerals appoints McCoach to board

2017-10-19 08:11 ET - News Release

Mr. Russell Debney reports

NAUTILUS ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

Nautilus Minerals Inc. has made changes to its board of directors with the appointment of John McCoach following the resignation of Mark Horn.

Russell Debney, Nautilus Minerals' chairman, said: "I would like to thank Mark for his valuable contribution to the company over the past four years and we look forward to our continued working relationship with Mark as leader of Deep Sea Mining Finance Ltd. I would also like to welcome John to the board and look forward to his input in helping the company achieve its objective of developing the world's first commercial sea floor copper-gold project in Papua New Guinea. John's strong background in the capital markets and in the area of regulatory compliance will help ensure continued strong governance as well as improved board independence, especially as we seek to implement the ongoing funding and development initiatives."

Following the resignation of Mr. Horn and the appointment of Mr. McCoach, the members of the company's board of directors are as follows:

  • Mr. Debney, chairman and non-executive director;
  • Dr. Mohamed Al Barwani, non-executive director;
  • Tariq Al Barwani, non-executive director;
  • Mr. McCoach, non-executive director.

Mr. McCoach has also been appointed chair of the company's audit committee, with the members of that committee now consisting of:

  • Mr. McCoach, chair;
  • Mr. Debney;
  • Dr. Al Barwani;
  • Mr. McCoach.

Mr. McCoach recently retired as president of the TSX Venture Exchange, a position he held since 2009. He is currently on the board of directors of the Capital Markets Authority Implementation Organization, the entity tasked by five participating provinces, one territory and the government of Canada to create a pan-Canadian securities commission. Mr. McCoach is a financial industry executive with experience in various strategic, management and operational roles. He has a record of success in building strategies and programs to meet customer needs, maximize revenue growth, operational efficiency and shareholder value. Mr. McCoach is also adept at leading and coaching teams through large, complex organizational and cultural transformations and regulatory changes. He is highly effective in establishing trust and credibility, both domestically and internationally, with multiple constituents.

Mr. McCoach has over 35 years experience in the investment industry. Mr. McCoach has witnessed, and participated in, many changes in the Canadian capital markets. He was a senior vice-president, corporate finance for an independent Canadian investment dealer prior to joining TMX Group.

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic sea floor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.

We seek Safe Harbor.

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