Nautilus Minerals Appoints New Independent Director
March 22 2018 - 6:20PM
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF)
(Nasdaq Intl Designation) (the
"
Company" or "
Nautilus")
announces that Mr. Jay Layman has been appointed to the role of
independent non-executive Director.
Nautilus’ Chairman Tariq Al Barwani commented,
“It is a pleasure to welcome Jay to the Nautilus Board of
Directors. Jay’s diverse background in successful project
development, corporate development, finance, and innovation makes
him well suited to the expanding Nautilus Board.”
Following the appointment of Mr. Layman, the
members of the Company’s Board of Directors are as follows:
- Mr. Tariq Al Barwani (Chairman and non-executive Director)
- Dr. Mohammed Al Barwani (non-executive Director)
- Mr. John McCoach (non-executive Director)
- Mr. Jay Layman (non-executive Director)
The Board of Directors continues with its search
to appoint additional new independent directors, and to expand the
Board’s skill sets to support the financing and delivery of the
world’s first deep sea mines.
Mr. Jay Layman
Mr. Layman is currently President, Director and
Chief Operating Officer of Seabridge Gold, a TSX listed
pre-development gold company. Jay has a broad range of technical
expertise which makes him uniquely qualified for his role with
Nautilus. Most recently, he was Vice President Solutions and
Innovation for Newmont Mining Company where he was responsible for
managing Global Technical Services and launching a Global
Innovation Department. Functions reporting to him included Mining
Engineering, Metallurgy and Process, Geostatistics and Reserves,
Economic Geology, Project Engineering, Renewable Energy and Global
Exploration Technology and Solutions. During his employment at
Newmont, he was responsible for managing numerous Feasibility
Studies and his career includes experience in Business Development,
Operations, Finance and Supply Chain connectivity.
In his wide-ranging career, Mr. Layman has lived
in Kazakhstan, Uzbekistan, Tajikistan, Indonesia and Australia and
has additional work experience in Russia, Singapore, China and
Peru. He has worked in both underground and open pit operations
containing gold, copper, silver, lead and zinc metals. His
education includes Bachelors Degrees in Mechanical Engineering and
Finance from Washington State University and an MBA from Eastern
Washington University.
For more information please refer to
www.nautilusminerals.com or contact:
Investor
Relations Nautilus Minerals Inc. (Toronto) Email:
investor@nautilusminerals.comTel: +1 416 551 1100 |
The TSX does not accept responsibility
for the adequacy or accuracy of this press release.
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).