Toronto Ontario, October 19, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus“) 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.”
Following the resignation of Mr Horn and the appointment of Mr McCoach, the members of the Company’s Board of Directors are as follows:
- Russell Debney (Chairman and Non-Executive Director)
- Dr. Mohamed Al Barwani (Non-Executive Director)
- Tariq Al Barwani (Non-Executive Director)
- John McCoach (Non-Executive Director)
Mr McCoach has also been appointed Chair of the Company’s Audit Committee, with the members of that Committee now being comprised as follows:
- John McCoach (Chair)
- Russell Debney
- Tariq Al Barwani
Mr John McCoach
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.
*Resignation of Mark Horn
For more information please refer to www.nautilusminerals.com or contact:
Nautilus Minerals Inc. (Toronto)
Tel: +1 416 551 1100