TSXV: CAA
VANCOUVER, Nov. 14, 2014 /CNW/ - Callinan Royalties Corporation ("Callinan," the 'Company') (TSXV: CAA) announces that the 2014 annual general meeting (the "Meeting") of shareholders of the Company is scheduled for Tuesday, December 16, 2014 at 11 a.m. (PST) at the offices of Boughton Law Corporation, 700 - 595 Burrard Street, Vancouver, British Columbia, V7X 1S8.
As Callinan is utilizing 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, 2014 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 five
• Election of directors
• Appointment and authorization of directors to fix remuneration of auditors
As part of succession planning, management has nominated the following five persons as directors of the Company:
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• Brian C. Irwin
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Chairman, Callinan Royalties Corporation
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• Glenn R. Brown
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Interim President and Chief Executive Officer, Callinan Royalties Corporation
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• David Caulfield
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Professional Geologist and Corporate Director
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• G. Ross McDonald
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Retired Chartered Accountant and Corporate Director
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• Jay Sujir
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Partner of Anfield Sujir Kennedy & Durno LLP
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On Behalf of the Board of Directors,
Glenn Brown
Glenn Brown, Interim CEO
About Callinan Royalties
Callinan Royalties Corporation is one of the oldest public listings in Canada and one of the first contributors to the development of the Flin Flon, Manitoba copper-zinc district. Callinan holds a 6⅔% net profits interest royalty and a production royalty of $0.25 per short ton of ore milled on lands that include the producing 777 mine and 777 North mine operated by Hudbay Minerals Inc.
The Company uses its royalty income to provide alternative financing options to mineral exploration and development companies with attractive projects and excellent management.
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, recurring annual cash flow from the 777 royalties 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
For more information, please visit www.callinan.com or contact: Glenn Brown, Interim CEO or Tamara Edwards, CFO, Callinan Royalties Corporation, +1 604 424 8639, shareholder@callinan.com; Corporate Office: 770 - 475 West Georgia Street, Vancouver, BC, Canada, V6B 4M9Copyright CNW Group 2014