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:
- under the Company's SEDAR profile at www.sedar.com
- on the Company's website at www.callinan.com under Investors /
Upcoming Events / "Annual General Meeting" or at
http://www.callinan.com/s/upcoming_events.asp
- on CST Trust Company's website at www.proxydocs.ca/CAA
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