Callinan Royalties Announces ISS Recommendation In Favour of All AGM Resolutions

TSXV: CAA

VANCOUVER, Dec. 4, 2014 /CNW/ - Callinan Royalties (TSXV: CAA) today announces that Institutional Shareholder Services,  an independent proxy advisory firm who provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutions ("ISS") has recommended a vote in favour of all proposed items at Callinan's upcoming Annual General Meeting of Shareholders to be held December 16, 2014.  The following table states each resolution presented to shareholders for voting, the recommendation of Callinan's Board and the ISS recommendation:

	BOARD RECOMMENDATION FOR	ISS RECOMMENDATION FOR
1. Fix Number of Directors at Five	Y	Y
2. Elect Director Brian C. Irwin	Y	Y
3. Elect Director Glenn Brown	Y	Y
4. Elect Director David Caulfield	Y	Y
5. Elect Director G. Ross McDonald	Y	Y
6. Elect Director Jay Sujir	Y	Y
7. Ratify Davidson and Company LLP as Auditors	Y	Y
8. Authorize Board to Fix Remuneration of Auditors	Y	Y

Y - Yes

Voting

Shareholders are reminded to vote their proxy prior to the proxy voting deadline of Friday, December 12, 2014 at 11:00 a.m. PST.

Registered Shareholders

Shareholders who have physical certificates representing Callinan shares may vote their proxy as follows:

• by post: CST Trust Company, PO Box 721, Agincourt, Ontario, M1S 0A1
• online: www.cstvotemyproxy.com using the control number located on the form of proxy
• by fax to: 416-368-2502 or 1-866-781-3111 (toll-free)
• by email to: [email protected]

Beneficial Shareholders

Shareholders who hold their shares through a broker or other intermediary should follow the instructions found on their voting instruction form or proxy. For assistance, please contact Laurel Hill Advisory Group, toll-free at 1-877-452-7184.

Your vote is important regardless of the number of shares you own. Callinan encourages shareholders to read the meeting materials in detail. A copy of the Management Proxy Circular is available on the Company's website at www.callinan.com and on SEDAR.

Shareholders who have any questions about the information contained in the Management Proxy Circular or require assistance with voting should contact the Company's Proxy Solicitor, Laurel Hill Advisory Group, toll-free at 1-877-452-7184 or send an email to [email protected]. 

On Behalf of the Board of Directors,

Glenn Brown

Glenn Brown, Interim CEO

About Callinan Royalties

Callinan Royalties Corporation is one of the oldest public listings in Canada and one of the first contributors to the development of the Flin Flon, Manitoba copper-zinc district.  Callinan currently holds a 6⅔% net profits interest royalty which will be converted to a 4% NSR at January 1, 2015. In addition, there is also a production royalty of $0.275 per metric tonne of ore milled on lands that include the producing 777 mine and 777 North mine operated by Hudbay Minerals Inc. which will be retained.

The Company invests its royalty income to provide alternative financing options to mineral exploration and development companies with attractive projects and excellent management. 

Callinan is a dividend-paying Tier 1 company listed on the TSX Venture Exchange under the symbol CAA.  The Company has a strong financial position with no debt, recurring annual cash flow from the 777 royalties and approximately 49.2 million shares outstanding.

For more information, please visit http://www.callinan.com or contact:  

Glenn Brown, Interim CEO - Extension 3
or Flora Wood, Corporate Communications – Extension 4
Callinan Royalties Corporation
[phone]
[email protected]

Corporate Office:
770 - 475 West Georgia Street
Vancouver, BC
Canada, V6B 4M9

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.

SOURCE: Callinan Royalties Corporation

Please visit www.callinan.com or contact: Glenn Brown, Interim CEO - Extension 3 or Flora Wood, Corporate Communications - Extension 4, Callinan Royalties Corporation, [phone], [email protected]; Corporate Office: 770 - 475 West Georgia Street, Vancouver, BCCanada, V6B 4M9