VANCOUVER, May 14 /PRNewswire-FirstCall/ - Callinan Mines has received an interim payment
of $3,173,228 from HudBay Minerals
Inc. This payment represents 75% of an estimate of 6 2/3 % of the
net profits from the 777 Mine in Flin
Flon, Manitoba for the quarter ended March 31st, 2010.
On Behalf of the Board of Directors,
Mike Muzylowski
Mike Muzylowski
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.