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Callinan Mines Ltd.
Callinan Mines Provides Corporate Update
November 16th, 2008
Callinan Mines Limited (CAA-TSX.V) wishes to update its shareholders and prospective investors regarding its financial position, and its upcoming activities. Presently, the company has a strong cash position and no debt. The company's income continues to be derived from its 6 2/3% net profits interest in the 777 Mine in Flin Flon, Manitoba. The company is sufficiently capitalized to conduct continuing exploration programs, and to continue its ongoing litigation against HudBay Minerals Inc. Callinan's directors have chosen to focus exploration activities on the most cost-effective properties this winter. The programs will include geophysical work and...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-16)
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