Nautilus Minerals Appoints New Independent Director and Grants Loan Shares and Options
March 27 2018 - 6:00AM
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF)
(Nasdaq Intl Designation) (the
"
Company" or "
Nautilus")
announces the appointment of Mr. Jonathan Whitworth to the role of
independent non-executive Director and grants loan shares and
options to directors, officers and employees of, and key
contractors to, the Company.
Nautilus’ Chairman Tariq Al Barwani commented,
“I’m very pleased to welcome another Independent Director to the
Nautilus Board. Jonathan’s offshore background coupled with his
leadership experience and strategic planning will be extremely
helpful as we work towards advancing the seafloor mining
industry.”
Following the appointment of Mr. Whitworth, 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 (independent non-executive Director)
- Mr. Jay Layman (independent non-executive Director)
- Mr. Jonathan Whitworth (independent non-executive
Director)
Mr. Jonathan Whitworth
Jonathan Whitworth joined Seaspan in 2009 as
Chief Executive Officer, bringing over 20 years of seagoing,
management, strategic planning and leadership experience to the
organization. In February 2017, Jonathan announced his retirement
from Seaspan effective December 31, 2017. Seaspan is an
association of Canadian companies primarily involved in coastal
marine transportation, shipdocking/ship escort, ship repair and
shipbuilding services in Western North America.
After graduating from the Texas Maritime
Academy, Jonathan sailed for six years as an officer aboard tankers
and chemical carriers in the international market. He still holds
an unlimited chief mate’s license and a 1600-ton captain’s license.
He is one of a few shipowner and shipyard leaders in North America
who has sailed at sea and commanded a vessel.
After completing his MBA at the University of
North Texas, Jonathan came ashore and held a number of management
positions at ExxonMobil and Teekay Shipping. He later became CEO of
Maritrans Inc., the largest publicly held tug/barge and tanker
operator in the US Jones Act trade. Maritrans was sold to Overseas
Shipholding Group of New York, in 2006, and Jonathan was retained
as President to continue the strategic plan created at
Maritrans.
Jonathan is very involved in the marine and
business community through board memberships with the BC Industry
Training Authority, the Business Council of BC, and Texas A&M
University at Galveston.
Grant of Loan Shares and
Options
The Company has issued a total of 14,987,000
options to directors, officers and employees of, and key
contractors to, the Company. The strike price is $0.23 and 25% of
the award vests immediately with the remaining having a vesting
period as to 25% every six months for a period of 18 months
starting at the date of grant. The awards have a 5 year expiration
period from the date of the award.
For more information please refer to
www.nautilusminerals.com or contact:
Investor Relations Nautilus Minerals Inc.
(Toronto) Email: investor@nautilusminerals.com Tel: +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).