Swapping out one Al Barwani for another... Usama got promoted so now Tariq joins Mohammed as Nautilus directors representing Oman's MB Holdings interests. As a reminder, MB Holdings is Nautilus' major shareholder with over 28% ownership, thus their 2 director seats on the board.
Toronto Ontario, May 6, 2015 - Nautilus Minerals Inc. (TSX:NUS, OTCQX: NUSMF) (the "Company" or "Nautilus"
announces changes to its board of directors with the appointment of Mr Tariq Al Barwani and the resignation of Mr Usama Al Barwani.
Geoffrey Loudon, Nautilus Minerals' Chairman said "I would like to thank Usama for his valuable contribution to the Company over the past 18 months and wish him well as his responsibilities within the MB Group increase. I would also like to welcome Tariq to the Board and look forward to his input in helping the Company achieve its objective of developing the world's first commercial seafloor copper-gold project."
Following the resignation of Mr Usama Al Barwani and the appointment of Mr Tariq Al Barwani, the members of the Company's Board of Directors are as follows:
A. Geoffrey Loudon (Chairman and Non-Executive Director)
Dr. Mohammed Al Barwani (Non-Executive Director)
Mark Horn (Non-Executive Director)
Russell Debney (Non-Executive Director)
Cynthia Thomas (Non-Executive Director)
Tariq Al Barwani (Non-Executive Director)
Tariq Al Barwani
Mr Al Barwani, who was nominated to the Board by MB Holding Company LLC, is a director and shareholder of MB Holding Company and the Chief Executive Officer of Mawarid Mining LLC, a wholly-owned subsidiary of MB Holding Company. Mawarid Mining was established to explore and develop mining opportunities in Oman and internationally. Mawarid Mining's Oman Copper business operates several open pit copper mines and processes ore at its copper concentrate facility in the Al Batinah region of Oman. Mr Al Barwani has a Bachelor of Science in Geology from Imperial College, United Kingdom and a Masters in Business Administration specializing in strategy and leadership from McGill University in Canada.