Callinan Announces Implementation of Notice and Access Provisions For 2013 Annual and Special Meeting of Shareholders and Proposed Slate of Directors
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 email@example.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, 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 CorporationFor further information:
please visit www.callinan.com or contact:
Roland Butler, CEO
Callinan Royalties Corporation
+1 709 535 3433
Tamara Edwards, CFO
Callinan Royalties Corporation
+1 604 605 0885
1110 - 555 West Hastings Street
Canada, V6B 4N4