TSXV: CAA
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.
Cautionary Statements
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