Directors exit seabed mining company

Date: April 9, 2019

Source: Radio NZ

Four out of five directors have resigned from the company behind a troubled deep sea mining project in Papua New Guinea.

Last week, Nautilus Minerals had its common shares delisted from the Toronto Stock Exchange (TSX) even as it seeks to sell off its assets.

In a note to the TSX last Wednesday, the company said four of its directors had resigned, including chief executive John McCoach.

The remaining director, Tariq Al Barwani, has remained and appointed chief financial officer Glenn Withers as managing director.

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