Callinan Receives Q3 Net Profits Interest Payment from HudBay Minerals
payment of
75% of an estimate of 6 2/3 % of the net profits from the 777 Mine in
with no debt. The company is involved in an ongoing legal action
against Hudbay Minerals designed to gain transparency in the
calculation of both the quarterly net profits payments and past
entitlements.
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.