– CANADA, Toronto – Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF), announces 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 seafloor 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.”
John 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. John is a financial industry executive with experience in various strategic, management and operational roles. He has a track record of success in building strategies and programs to meet customer needs, maximize revenue growth, operational efficiency, and shareholder value. John 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.
John McCoach has over 35 years experience in the investment industry. John 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 seafloor 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.
Nautilus also holds highly prospective exploration acreage in the western Pacific (granted and under application), as well as in international waters in the Central Pacific.
A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and is also a member of the Nasdaq International Designation program. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding Company LLC, an Oman based group with interests in mining, oil & gas, which holds a 29.3% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 18.5% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company’s share loan plan).
For more information : http://www.nautilusminerals.com
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