VANCOUVER, April 20 /CNW/ - Callinan Mines Limited ("Callinan") (TSX.V:
CAA) announces that it has filed a Notice of Intention to Make a Normal
Course Issuer Bid with the TSX Venture Exchange ("TSX.V") and received acceptance for filing thereof with respect to the
purchase at market prices of up to 2,400,000 of its common shares by
way of a normal course issuer bid (the "Bid") through the facilities of
the TSX.V. The Bid will commence on or after April 27, 2011 and will
end on December 31, 2011 or on such earlier date as Callinan may
complete its purchases pursuant to the Bid or as it may otherwise
Callinan is engaging in the Bid because it believes that the market
price of its common shares does not properly reflect the underlying
value of Callinan. Purchases pursuant to the Bid will be conducted
through Haywood Securities Inc.
President and CEO
Neither 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.
Some statements in this news release contain forward-looking
information. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, among others, the timing and amount of expenditures. Callinan
does not assume the obligation to update any forward-looking statement.
SOURCE Callinan Mines Ltd.
For further information:
Braden Maccke, 736 Granville Street, Suite 1100, Vancouver, BC, V6Z 1G3, Telephone: (604) 605-0885, Toll-Free: 1-877-228-5210, Fax: (604) 605-0886, Email: email@example.com, Website: www.callinan.com