NAUTILUS MINERALS ANNOUNCES DEPARTURE OF PRESIDENT AND CEO MICHAEL JOHNSTON
Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus) announces the departure of President and CEO Mike Johnston with immediate effect. Mr. Johnston will be replaced by independent Director Mr. John McCoach, who is appointed as Interim CEO, also with immediate effect.
Tariq Al Barwani, Nautilus’ Chairman said “We thank Mike for his long service with Nautilus Minerals. Mike was one of the original members of the Nautilus team with the vision that the future of mining would include the seafloor.”
John McCoach, currently a Director of the Company, has been appointed Interim CEO. John’s focus will be to advance Nautilus’ ongoing capital formation program. John said “I am confident that the Nautilus’ senior management will continue to operate the Company in a professional manner, and the entire Nautilus Team will see us through to our vision of becoming the World’s leading seafloor mining company”