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:
- 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.meetingdocuments.com/cst/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 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:
• Brian C.
Irwin
|
Chairman, Callinan
Royalties Corporation
|
• Glenn R.
Brown
|
Interim President and
Chief Executive Officer, Callinan Royalties Corporation
|
• David
Caulfield
|
Professional
Geologist and Corporate Director
|
• G. Ross
McDonald
|
Retired Chartered
Accountant and Corporate Director
|
• Jay
Sujir
|
Partner of Anfield
Sujir Kennedy & Durno LLP
|
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