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07-Sep-10 -
Nautilus Grants Incentive Stock Options (more...)
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| | October 17, 2008
Nautilus Minerals Change to Board of Directors
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| | News Release Number 2008-29
Toronto Ontario, October 17, 2008 - Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") announces that David Heydon has resigned his role as non-executive director on the company's board, effective October 16.
Chairman of the Board Geoff Loudon, said "On behalf of the Board of Directors I would like to thank David for building Nautilus Minerals into the leading explorer and developer of seafloor massive sulphide deposits. David's vision, hard work and endless enthusiasm launched not just the Company but a whole new industry of seafloor mining. We wish David all the best in his future endeavours."
Nautilus Minerals maintains its seed investment in a company pursuing ultra-deep water resources headed up by Mr Heydon.
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck Cominco (7.2%) and Anglo American (5.7%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 22.4% of its shares through Gazmetall Holding (Cypress) Limited.
For more information please refer www.nautilusminerals.com or contact:
Investor Relations
Nautilus Minerals Inc. (Toronto)
Email: investor@nautilusminerals.com
Tel: +1 (416) 551 1100
Australian Project Office
Tel: +61 (7) 3318 5555
Numis Securities Limited
Nominated adviser: John Harrison
Corporate broking: James Black
Tel: + 44(0) 20 7260 1000
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.
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