Nautilus Minerals AGM Voting Results
June 25 2018 - 03:00PM
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF)
(Nasdaq Intl Designation) (the "Company" or
"Nautilus) announces the results of its Annual General Meeting
(AGM) held today in Vancouver, British Columbia, at which 76.4% of
the issued shares were represented. Shareholders voted strongly in
favour of all resolutions brought before them.
The Company provides the following report on the
voting results of the matters considered at the AGM, the
particulars of which are set out in more detail in the Company's
Information Circular dated May 8, 2018 and filed on SEDAR on May
16, 2018:
- Election of Directors: Tariq Al Barwani, Dr.
Mohammed Al Barwani, John McCoach, Jonathan Whitworth and Jay
Layman were elected as Directors of the Company for the ensuing
year.
- Appointment and Remuneration of Auditor:
PricewaterhouseCoopers LLP were re-appointed the auditor of the
Company for the ensuing year and the Directors were authorised to
fix their remuneration.
- Issuance of Warrants to Insider: Disinterested
shareholders approved the issuance by the Company to Deep Sea
Mining Finance Ltd. (the "Lender") of an aggregate
of up to 146,048,110 share purchase warrants of the Company in
connection with loans provided by the Lender to the Company.
- Exercise Price of Warrants issued to Insider:
Disinterested shareholders approved: (i) an amendment to the
exercise price of 25,343,641 existing share purchase warrants of
the Company held by the Lender to C$0.17 per share; and (ii) a
C$0.17 exercise price in respect of up to 92,139,178 additional
warrants issuable to the Lender in connection with loans provided
by the Lender to the Company.
The proxy results of voting in respect of the directors were as
follows:
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Director |
Votes For |
% For |
Votes Withheld |
% Withheld |
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Tariq Al Barwani |
430,581,979 |
93.60% |
29,425,886 |
6.40% |
Mohammed Al
Barwani |
430,362,044 |
93.56% |
29,645,821 |
6.44% |
John McCoach |
459,168,544 |
99.82% |
839,321 |
0.18% |
Jay Layman |
459,109,222 |
99.80% |
898,643 |
0.20% |
Jonathan Whitworth |
459,160,660 |
99.82% |
847,205 |
0.18% |
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For more information please refer to
www.nautilusminerals.com or contact:
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Investor Relations
Nautilus Minerals Inc. (Toronto) Email:
investor@nautilusminerals.com Tel: +1 416 551 1100 |
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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 30.4% interest and
Metalloinvest, the largest iron ore producer in Europe and the CIS,
which has a 19.2% holding (each on a non-diluted basis, excluding
loan shares outstanding under the Company’s share loan plan).