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Callinan Royalties Limited

Publié le 04 octobre 2013

Royalties and Avrupa Minerals Enter Into Exploration Alliance Agreement

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Mots clés associés :   Canada | Europe | K Street | Kosovo | Portugal |
October 4, 2013 TSX-V: CAA

Callinan Royalties and Avrupa Minerals Enter Into Exploration Alliance Agreement

VANCOUVER, Canada -- Callinan Royalties Corporation ("Callinan") announces that it has signed an Exploration Alliance Agreement (the "Agreement") with Avrupa Minerals Ltd. ("Avrupa"). The purpose of the Agreement is to fund prospect generation activities in order for Avrupa to attract joint venture partners to projects, while allowing Callinan to generate and acquire royalties.

The initial geographic focus will be Portugal but may expand to other jurisdictions. The Agreement will be for an initial three year term and calls for Callinan to fund $150,000 of generative exploration during the first year of the Agreement with the option to fund up to $100,000 in each of the two subsequent years.

In return for such funding, Avrupa will grant Callinan the option to receive a 0.5% Net Smelter Returns ("NSR") royalty on any new projects acquired as a result of the generative exploration work. Alternatively, Callinan has the option of funding an additional $150,000 on any of the new projects in exchange for a 1.5% NSR royalty.

If Avrupa proposes that additional value can be generated after spending $150,000, Callinan may elect to contribute subsequent funding with Avrupa on an equally shared basis with no change to Callinan's royalty interest. Avrupa may also propose exploration on Avrupa's existing mineral properties. Callinan will have the option to fund $150,000 in exploration on those projects in return for a 1.5% NSR royalty.

Callinan is supporting the prospect generation business model as a means to create royalties in prospective areas through agreements with companies such as Avrupa that are established prospect generators and have demonstrated expertise in their chosen jurisdictions.

On Behalf of the Board of Directors,

Roland Butler

Roland Butler, CEO

About Avrupa Minerals Ltd.

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany. Avrupa is currently upgrading precious and base metal targets to JV-ready status in a variety of districts on numerous licenses, with the idea of attracting potential partners to project-specific and/or regional exploration programs.

About Callinan Royalties

Callinan Royalties is a Canadian company that creates and acquires mineral royalties. The company uses its royalty income to provide alternative financing options to mineral exploration and development companies with attractive projects. Callinan's strategy is to create shareholder value over the long term by generating a portfolio of profitable mineral royalties.

The Corporation currently has two producing royalties. Callinan holds a 6?% net profits interest royalty and a $0.25 per ton production royalty on lands that include the 777 mine and 777 North mine owned by Hudbay Minerals Inc. located in Flin Flon, Manitoba, Canada. Callinan also holds the 777 Deeps (War Baby) property and an associated royalty option on the property, which is located adjacent to the 777 mine.

Callinan is a dividend paying Tier 1 company listed on the TSX Venture Exchange under the symbol CAA. The Corporation has a strong financial position with no debt, approximately $27 million in cash and approximately 49.4 million shares outstanding.

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.

Associated File: http://www.callinan.com/i/pdf/nr/NR-2013-10-04.pdf
285 KB in size, approx. 54 seconds to download at 56.6Kbps

For more information visit: www.callinan.com


Roland Butler, CEO

508 Main Street
Lewisporte, NL
Canada, A0G 3A0
Phone: +1.709.535.3433


Tamara Edwards, CFO

1110 - 555 West Hastings Street
Vancouver, BC
Canada, V6B 4N4
Phone: +1.604.605.0885


This email was sent to .com
Données et statistiques pour les pays mentionnés : Canada | Portugal | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Portugal | Tous

Callinan Royalties Limited

ISIN : CA13124H1064
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Callinan Royalties est une société de royalties minières d'argent et d'or basée au Canada.

Callinan Royalties est productrice d'argent, d'or, de cuivre, de plomb et de zinc au Canada, en développement de projets de cuivre, de plomb et de zinc au Canada, et détient divers projets d'exploration au Canada.

Ses principaux projets en production sont 777 MINE, COLES CREEK et CALLINAN MINE au Canada, ses principaux projets en développement sont GUNNISON et WAR BABY au Canada et ses principaux projets en exploration sont THOMPSON BELT au Cambodge et FLIN FLON, FOX RIVER MAFIC BELT, SNEATH LAKE, DION, BERRY CREEK, RAYFIELD, ECHO LAKE, CANDLE LAKE et CAL au Canada.

Callinan Royalties est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 88,8 millions CA$ (70,9 millions US$, 62,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2001 à 0,07 CA$, et son plus haut niveau récent le 31 décembre 2010 à 3,37 CA$.

Callinan Royalties possède 49 360 000 actions en circulation.

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Financements de Callinan Royalties Limited
16/05/2014and Estrella Gold Corporation Complete Financing
16/10/2013Royalties and Avrupa Minerals Complete Financing
14/08/2013$5.4 Million Convertible Debenture With Gold Royalties Corpo...
21/04/2011Announces Normal Course Issuer Bid
29/03/2011sets Record and Meeting Dates for Spin-Out Transaction
25/01/2011Amends Terms of Private Placement
Attributions d'options de Callinan Royalties Limited
27/09/2012Royalties Releases Q4 and Year End Financial Statements & An...
Nominations de Callinan Royalties Limited
01/11/2013Announces Implementation of Notice and Access Provisions For...
24/09/2013Adopts Advance Notice By-Law for Nominating Directors and Ma...
Rapports Financiers de Callinan Royalties Limited
03/03/2011Publishes 2nd Quarter Financial Results
30/11/2010Releases Q1 Financial Statements
Projets de Callinan Royalties Limited
25/10/2013Royalties and Renaissance Gold Enter Into Exploration Allian...
04/10/2013Royalties and Avrupa Minerals Enter Into Exploration Allianc...
23/07/2013Receives Balance of 2012 Net Profits Interest Royalty Paymen...
08/11/2012Royalties Agrees to $1 Million Investment into Golden Dory a...
26/10/2012Royalties and Evrim Resources Enter Into An Alliance and Inv...
15/03/2011(777 Mine)Receives Adjustment Payment From HudBay Minerals
04/03/2011(Gossan Mb)Drilling at Gossan Hill Intersects 5.94 g/Mt over 14.77 metr...
25/02/2011(Gossan Mb)Drilling at Gossan Hill Intersects 9.73 g/mT Gold over 5.75 ...
15/02/2011(777 Mine)Receives Fourth Quarter Royalty Payment from HudBay Minerals
12/01/2011(Coles Creek)Coles Creek Drill Program Uncovers Large Mineralized System
16/08/2010Receives Q2 Net Profits Interest Payment from HudBay Mineral...
15/06/2009(Berry Creek)Intersects Gold Zone at Berry Creek
02/12/2008(Callinan Mine)Is Protecting its Interest in the 777 and Callinan Mines
26/08/2008(Phillips Lake)Nickel Mineralization Discovered at Phillips Project
22/07/2008(Coles Creek)Activity Update
29/05/2008(Fox River Mafic Belt)Amends Fox River Agreement
13/05/2008(777 Mine)Recieves Net Profits Interest from Hudbay Minerals' 777 mine...
17/03/2008(Fox River Mafic Belt)Begins 2008 Drilling Program at Fox River
Communiqués de Presse de Callinan Royalties Limited
25/02/2015Graduates to the Toronto Stock Exchange
17/12/2014Reports on 2014 Annual General Meeting
12/12/2014Receives Conditional Approval for TSX Graduation
26/11/2014Callinan Announces Comprehensive Agreement with Hudbay
25/11/2014Callinan Royalties Releases Q1 Financial Statements & Announ...
20/11/2014Callinan Royalties Accepts Early Prepayment from Wallbridge ...
14/11/2014Callinan Royalties Announces Its 2014 Annual General Meeting
22/10/2014Callinan Announces New Interim President and CEO and Resigna...
11/10/2014Callinan Royalties Releases Q4 and Year End Financial Statem...
21/08/2014Callinan Announces Quarterly Royalty Payments and Declares Q...
24/03/2014Reports on Line of Credit for Wallbridge Mining's Broken Ham...
13/01/2014(Cal)New Year Letter to Shareholders of Callinan Royalties Corpor...
18/12/2013Announces Continuation of Normal Course Issuer Bid & Reports...
11/12/2013(Cal)Quarterly Letter to Shareholders of Callinan Royalties Corpo...
05/12/2013Reports On 2013 Annual and Special Meeting of Shareholders
29/11/2013Royalties Releases Q1 Financial Statements & Announces Quart...
01/10/2013(Cal)Quarterly Letter to Shareholders of Callinan Royalties Corpo...
27/09/2013Royalties to Recommence Litigation and File Amended Claim Ag...
27/09/2013Royalties Releases Q4 and Year End Financial Statements
27/08/2013Royalties Recommences Litigation Against Hudbay Minerals
23/08/2013Announces Quarterly Royalty Payments and Declares Quarterly ...
01/08/2013Royalties and Excelsior Mining Close Investment Agreement
23/07/2013Royalties and Excelsior Mining Enter Into an Investment and ...
23/07/2013Royalties and Excelsior Mining Enter Into an Investment and ...
29/05/2013Royalties Releases Q3 Financial Statements and Announces Qua...
13/02/2013Announces Quarterly Royalty Payments
27/09/2012Clarifies Number of Outstanding Shares
16/08/2012Announces Quarterly Royalty Payments
10/07/2012Royalties has published a News Release
31/05/2012Royalties has published a News Release
16/05/2012Royalties has published a News Release
27/04/2012Royalties has published a News Release
15/03/2012Royalties has published a News Release
01/03/2012Royalties has published a News Release
15/02/2012Royalties has published a News Release
14/12/2011Royalties has published a News Release
08/09/2011Royalties has published a News Release
23/08/2011Royalties has published a News Release
14/07/2011(Cal)Closes Arrangement and Changes Name to Callinan Royalties Co...
06/07/2011(Cal)Announces Effective Date of Arrangement and Proposed Listing...
04/07/2011(Cal)Manitoba Court Rules in Callinan's Favour: Access to Auditor...
09/06/2011(Cal)receives shareholder approval and final court order for Arra...
02/06/2011Releases Q3 Financial Statements
20/05/2011Receives Net Profits Interest Payment from HudBay Minerals
18/04/2011(Pine)Gossan Hill Results Show Greater Widths, Drilling to Commenc...
12/01/2011Mike Muzylowski to be Inducted into Canadian Mining Hall of ...
03/09/2009Options Island Lake Claims and Plans Exploration Program
14/08/2009Receives Net Profits Interest Payment from HudBay Minerals
12/02/2009Receives Net Profits Interest Payment from HudBay Minerals
26/01/2009Phillips Lake Drill Permits Received
19/11/2008Metallurgical Study Completed On CAL Claims
14/11/2008Receives Net Profits Interest Payment from HudBay Minerals
14/11/2008Encouraging Assays Returned from Coles Creek
14/08/2008Receives Largest Quarterly NPI Payment To Date
17/06/2008Plans Summer Drill Program for Dion Lake Uranium Claims
09/05/2008Present at the Hard Assets Conference in New York
07/04/2006(Rayfield)and Bell locate strong conductive target at Fox River
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