Key points
- Shareholders representing 76.4 per cent of issued shares voted at the AGM held June 25, 2018, in Vancouver, B.C.
- Tariq Al Barwani, Dr. Mohammed Al Barwani, John McCoach, Jonathan Whitworth and Jay Layman were elected as directors for the ensuing year.
- PricewaterhouseCoopers LLP was reappointed as auditor, with directors authorized to fix its remuneration.
- Disinterested shareholders approved issuance of up to 146,048,110 warrants to Deep Sea Mining Finance Ltd. and set a 17-cent exercise price on those plus 25,343,641 existing warrants.
NAUTILUS MINERALS AGM VOTING RESULTS
Nautilus Minerals Inc. has released the results of its annual general meeting (AGM) held on June 25, 2018, in Vancouver, B.C., at which 76.4 per cent 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 was reappointed as the auditor of the company for the ensuing year and the directors were authorized to fix its 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 17 cents per share; and (ii) a 17-cent 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.
- 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 was reappointed as the auditor of the company for the ensuing year and the directors were authorized to fix its 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 17 cents per share; and (ii) a 17-cent 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 shown in the attached table.
Director Votes for % for Votes withheld % withheld
Tariq Al Barwani 430,581,979 93.60% 29,425,886 6.40%
Dr. 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%
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic sea floor 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.
