Stock Name: CAA
Amount: CAD 0.02
Announcement Date: 08/09/2011
Record Date: 30/08/2011
Dividend Detail:
TSXV: CAA
VANCOUVER, Sept. 8, 2011 /CNW/ - As announced August 10, 2011, Callinan
will pay a quarterly dividend of two cents per common share to all
shareholders of record at the close of business on September 1, 2011.
It is expected that the dividend will be paid on or about September 15,
2011.
The correct ex-dividend date was August 30, 2011 rather than September
1, 2011 as announced in the August 10 release.
The dates set out above are based on the directors' current expectations
and may be subject to change. If any of the dates should change, the
revised dates will be notified by press release and will be available
on the company website.
On Behalf of the Board of Directors,
Roland Butler
Roland Butler, CEO
About Callinan
Callinan Royalties Corporation is a mineral royalty company based in
Canada. Its principal business activities centre on acquiring and
creating a portfolio of mineral royalties while diligently managing its
royalty interests and investments.
The Corporation currently has two producing royalties. Callinan holds a
6 2/3 % net profits interest royalty and a $0.25 per ton royalty on
lands that include the 777 Mine owned by Hudbay Minerals Inc. located
at Flin Flon, Manitoba as well as the adjacent 777 North Mine scheduled
for production in 2012. Callinan also holds the War Baby property (777
Deeps) and an associated royalty option located in proximity to the 777
Mine.
Callinan is a Tier 1 company listed on the TSXV under the symbol CAA.
The Corporation has a strong financial position with no debt,
approximately $26 million in cash and 49,009,421shares outstanding.
For more information, please visit www.callinan.com.
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.
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