TSXV: CAA
VANCOUVER, Dec. 4, 2014 /CNW/ - Callinan Royalties (TSXV:
CAA) today announces that Institutional Shareholder Services,
an independent proxy advisory firm who provides proxy voting
recommendations to pension funds, investment managers, mutual funds
and other institutions ("ISS") has recommended a vote in favour of
all proposed items at Callinan's upcoming Annual General Meeting of
Shareholders to be held December 16,
2014. The following table states each resolution presented to
shareholders for voting, the recommendation of Callinan's Board and
the ISS recommendation:
|
BOARD RECOMMENDATION
FOR
|
ISS RECOMMENDATION
FOR
|
|
1. Fix Number of
Directors at Five
|
Y
|
Y
|
|
2. Elect Director
Brian C. Irwin
|
Y
|
Y
|
|
3. Elect Director
Glenn Brown
|
Y
|
Y
|
|
4. Elect Director
David Caulfield
|
Y
|
Y
|
|
5. Elect Director G.
Ross McDonald
|
Y
|
Y
|
|
6. Elect Director Jay
Sujir
|
Y
|
Y
|
|
7. Ratify Davidson
and Company LLP as Auditors
|
Y
|
Y
|
|
8. Authorize Board to
Fix Remuneration of Auditors
|
Y
|
Y
|
Y - Yes
Voting
Shareholders are reminded to vote their proxy prior to the proxy
voting deadline of Friday, December 12,
2014 at 11:00 a.m. PST.
Registered Shareholders
Shareholders who have physical certificates representing
Callinan shares may vote their proxy as follows:
- by post: CST Trust Company, PO Box 721, Agincourt,
Ontario, M1S 0A1
- online: www.cstvotemyproxy.com using the control number
located on the form of proxy
- by fax to: 416-368-2502 or 1-866-781-3111
(toll-free)
- by email to: proxy@canstockta.com
Beneficial Shareholders
Shareholders who hold their shares through a broker or other
intermediary should follow the instructions found on their voting
instruction form or proxy. For assistance, please contact Laurel
Hill Advisory Group, toll-free at 1-877-452-7184.
Your vote is important regardless of the number of shares you
own. Callinan encourages shareholders to read the meeting materials
in detail. A copy of the Management Proxy Circular is available on
the Company's website at www.callinan.com and on SEDAR.
Shareholders who have any questions about the information
contained in the Management Proxy Circular or require assistance
with voting should contact the Company's Proxy Solicitor, Laurel
Hill Advisory Group, toll-free at 1-877-452-7184 or send an email
to assistance@laurelhill.com.
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 currently holds a 6⅔% net profits interest
royalty which will be converted to a 4% NSR at January 1, 2015. In addition, there is also a
production royalty of $0.275 per
metric tonne of ore milled on lands that include the producing 777
mine and 777 North mine operated by Hudbay Minerals Inc. which will
be retained.
The Company invests 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.
For more information, please visit
http://www.callinan.com or contact:
Glenn Brown, Interim CEO -
Extension 3
or Flora Wood, Corporate
Communications – Extension 4
Callinan Royalties Corporation
+1 604 424 8639
shareholder@callinan.com
Corporate Office:
770 - 475 West Georgia Street
Vancouver, BC
Canada, V6B 4M9
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 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 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