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Toronto Ontario, June 25, 2018 - 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:
Director |
Votes For |
% For |
Votes Withheld |
% Withheld |
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% |