Four Directors Leave Nautilus

Four of Nautilus Minerals’ five directors have resigned, the Toronto-based underwater mineral exploration company said on Wednesday.

John McCoach has also resigned as the company’s chief executive officer.

Tariq Al Barwani remains a director of Nautilus and has appointed the company’s CFO, Glenn Withers, as managing director of Nautilus.

As previously disclosed, Nautilus will be delisted from the TSX effective April 3, 2019.

Al Barwni said: “Nautilus is focused on maximizing the benefit for all of its stakeholders through the sale and investment solicitation plan (SISP). PWC is very capably overseeing the implementation of the SISP.”

On behalf of the company I would like to thank John McCoach and the other departing board members for their enormous contributions,” Al Barwani added.

The company said it will report on the outcome of the SSIP in late June or early July, 2019.

Share this article

Follow Subsea World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >