TORONTO, ONTARIO--(Marketwired - Sept. 24, 2013) - Nautilus Minerals Inc. (News - Market indicators)(OTCQX:NUSMF) (the "Company" or "Nautilus") announces changes to its board of directors with the appointment of Usama Barwani and Mark Horn and the resignation of Matthew Hammond.
Geoffrey Loudon, Nautilus Minerals' Chairman said "I would like to thank Matthew for his valuable contribution to the Company over the past four years and wish him well for the future. I would also like to welcome Usama and Mark to the Board and look forward to their input in helping the Company achieve its objective of developing the world's first commercial seafloor copper-gold project."
Following the resignation of Mr Hammond and the appointment of Mr Barwani and Mr Horn, the members of the Company's Board of Directors are as follows:
A.Geoffrey Loudon (Chairman and Non-Executive Director)
Dr. Mohamed Al Barwani (Non-Executive Director)
Russell Debney (Non-Executive Director)
Cynthia Thomas (Non-Executive Director)
Usama Barwani (Non-Executive Director)
Mark Horn (Non-Executive Director)
Mr Usama Barwani
Mr Barwani is the Director (Business Development) and a shareholder of MB Holding Company LLC, Nautilus Minerals' largest shareholder. He is also Managing Director of United Engineering Services, the MB group's manufacturing and engineering arm and holds board positions for a number of companies including Ahli Bank Oman, one of the fastest growing banks in Oman. He has a Bachelor of Science in Engineering from the University of Tulsa (USA) and a Master of Science in Energy, Trade and Finance from Cass Business School (UK).
Mr Mark Horn
Mr Horn has worked as an international fund manager, financial analyst and corporate financier, and has extensive international experience in the resources and technology sectors. Mr Horn was nominated by Metalloinvest, which is Nautilus Minerals' second largest shareholder.
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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 approximately 500,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.
A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and OTCQX:NUSMF. 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 28.00% interest, Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 20.75% holding and global mining group Anglo American, which holds a 5.95% interest.
