TSXV: CAA
VANCOUVER, Nov. 1, 2013 /CNW/ - Callinan Royalties Corporation ("Callinan" or the "Company") (TSXV: CAA) announces that the 2013 annual and special meeting (the "Meeting") of shareholders of the Company is scheduled for Tuesday, December 3,
2013 at 11 a.m. (PST) at the offices of Boughton Law Corporation, 700 -
595 Burrard Street, Vancouver, British Columbia, V7X 1S8.
As Callinan has implemented the Notice and Access Provisions of NI
54-101, shareholders will receive the Notice of Meeting and the Proxy
form in the usual manner. The Management Proxy Circular, the annual
financial statements as at June 30, 2013 and related management
discussion and analysis (together the "Meeting Materials") will not be sent out to shareholders, unless specifically requested,
however, they are available for viewing online at the following
websites and links:
A paper copy of the Meeting Materials is available upon request. In
order to receive a paper copy of the Meeting Materials, shareholders
should contact CST Trust Company toll free at 1-888-433-6443 or by
email at fulfilment@canstockta.com. Shareholders should refer to the Notice of Meeting for the time
deadline in order to obtain a paper copy of the Meeting Materials prior
to the Meeting.
For the Meeting, shareholders are being asked to vote on the following
matters:
• Determination of the number of directors at six
• Election of directors
• Appointment and authorization of directors to fix remuneration of
auditors
• Approval and ratification of the 2013 Stock Option Plan
• Approval and ratification of the adoption of an Advance Notice
Provision
As part of succession planning, management has nominated the following
six persons as directors of the Company:
• Brian C. Irwin
• Roland Butler
• Glenn R. Brown
• Raymond Goldie
• David Caulfield
• G. Ross MacDonald
|
Chairman, Callinan Royalties Corporation
President and Chief Executive Officer, Callinan Royalties Corporation
President and Chief Executive Officer, Boswell Capital Corporation
Senior Mining Analyst and Vice President, Salman Partners Inc.
Professional Geologist, acting President, CEO and Director, Kiska Metals
Corporation
Retired Chartered Accountant and Corporate Director
|
A summary biography of each proposed director can be found at www.callinan.com under Investors / Upcoming Events / "Annual General Meeting" or at the
following link: http://www.callinan.com/s/upcoming_events.asp.
On Behalf of the Board of Directors,
Roland Butler
Roland Butler, CEO
About Callinan Royalties Corporation
Callinan Royalties Corporation is a Canadian company that creates and
acquires mineral royalties. The Company uses its royalty income to
provide alternative financing options to mineral exploration and
development companies with attractive projects. Callinan's strategy is
to create shareholder value over the long term by generating a
portfolio of profitable mineral royalties.
The Company currently has two producing royalties. Callinan holds a 6⅔%
net profits interest royalty and a $0.25 per ton production royalty on
lands that include the 777 mine and 777 North mine owned by Hudbay
Minerals Inc. located in Flin Flon, Manitoba, Canada. Callinan also
holds the 777 Deeps (War Baby) property and an associated royalty
option on the property, which is located adjacent to the 777 mine.
Callinan is a dividend paying Tier 1 company listed on the TSX Venture
Exchange under the symbol CAA. The Company has a strong financial
position with no debt, approximately $25 million in cash and
approximately 49.2 million shares outstanding.
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. Certain of the information presented in this News Release may constitute
"forward-looking statements" or "forward-looking information" within
the meaning of Canadian securities legislation (together referred to as
"forward-looking statements"). The forward-looking statements are
subject to risks, uncertainties and other factors that may cause actual
results to be materially different from those expressed or implied by
such forward-looking statements, including any delays in the receipt of
consents or approvals. Although Callinan Royalties Corporation has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to
be accurate as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements contained in
this News Release and in any document referred to in this News Release.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and Callinan
Royalties Corporation undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change, except as required by applicable
law.
SOURCE Callinan Royalties Corporation
