VANCOUVER, Feb. 25, 2015 /CNW/ - Callinan Royalties Corporation ("Callinan") (TSXV: CAA) is pleased to report that effective at the opening of trading tomorrow, our common shares will be listed and posted for trading on the Toronto Stock Exchange. Callinan will continue to trade under the symbol "CAA".
Listing on the TSX expands Callinan's potential audience to institutional and international investors and the possible inclusion in TSX sub-indices and ETF products. At the close of business today, common shares will be de-listed from the TSX-Venture Exchange.
For U.S. investors, Callinan has also received approval to commence trading on the OTCQX effective at the opening of business tomorrow under the symbol "CCNMF".
About Callinan Royalties
Callinan Royalties Corporation is one of the oldest public companies in Canada and one of the first explorers that led to the development of the Flin Flon, Manitoba copper-zinc district. Callinan holds a portfolio of royalties, including its cornerstone 4% Net Smelter Royalty on the Hudbay 777 Mine located in Manitoba.
The Company invests its robust cash position to provide alternative financing options to mineral exploration and development companies with attractive projects and excellent management.
Callinan has a strong financial position with no debt, recurring annual cash flow from the 777 royalties and approximately 49.4 million shares outstanding.
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 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 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
For further information: please visit www.callinan.com or contact: Glenn Brown, CEO - Extension 3 or Flora Wood, Corporate Communications -- Extension 4, 1-604-424-8639, [email protected]; Corporate Office: 770 - 475 West Georgia Street, Vancouver, British Columbia, Canada V6B 4M9