Nautilus Minerals Inc.
TSX : NUS
OTCQX : NUSMF

Nautilus Minerals Inc.

June 16, 2015 11:32 ET

Nautilus Minerals AGM Voting Results

TORONTO, ONTARIO--(Marketwired - June 16, 2015) - Nautilus Minerals Inc. (TSX:NUS) (OTCQX:NUSMF) (the "Company" or "Nautilus") announces the results of its Annual General Meeting (AGM) held today in Toronto, Ontario, at which 34.10% of the issued shares were represented. Shareholders voted strongly in favour of all resolutions brought before them.

Geoffrey Loudon, Nautilus' Chairman said "I am delighted that this last year saw us formally commence our partnership in the Solwara 1 Project with the Independent State of Papua New Guinea; we appreciate their continued support. It is also very exciting for us to have secured a vessel charter with experienced vessel provider, Marine Assets Corporation. We look forward to working with them and the shipyard, Fujian Mawei Shipbuilding, in seeing the delivery of our first vessel as we work toward making seafloor mining a reality in 2018."

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, filed on SEDAR on May 19, 2015:

  • Election of Directors: Geoffrey Loudon, Russell Debney, Cynthia Thomas, Dr Mohammed Al Barwani, Tariq Al Barwani and Mark Horn were re-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.

The proxy results of voting in respect of the directors were as follows:

Geoffrey Loudon Russell Debney
Votes For: 99.68% Votes For: 99.80%
Votes Withheld: 0.32% Votes Withheld: 0.20%
Mohammed Al Barwani Cynthia Thomas
Votes For: 99.88% Votes For: 99.78%
Votes Withheld: 0.12% Votes Withheld: 0.22%
Tariq Barwani Mark Horn
Votes For: 99.87% Votes For: 99.90%
Votes Withheld: 0.13% Votes Withheld: 0.10%

Links

http://www.nautilusminerals.com/s/Investors-Financials.asp

Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements relating to the Company's plans to work towards the future production of minerals from the seafloor in 2018. We have made numerous assumptions about such statements, including assumptions relating to the funding, completion and operation of the Company's seafloor production system. Please refer to the Company's most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of its Solwara 1 Project. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Risks related to advancing towards production in 2018 include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build and deployment of the Company's seafloor production system, and the risk that there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Accordingly you should not place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada.

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 420,000 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 trades on the 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 28.14% interest, Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 20.89% holding and global mining group Anglo American, which holds a 5.99% interest (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).

Contact Information