VANCOUVER, May 14 /CNW/ - Callinan Mines has received an interim payment of $3,173,228 from HudBay Minerals Inc. This payment represents 75% of an estimate of 6 2/3 % of the net profits from the 777 Mine in Flin Flon, Manitoba for the quarter ended March 31st, 2010.
On Behalf of the Board of Directors,
President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of private placements and future expenditures. 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 ability to complete contemplated private placements and 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: 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