The Conversation (0)
Callinan Mines (CVE:CAA,OTC:CCNMF) reports a special meeting of Callinan shareholders to consider the spin-out transaction which was announced on October 25, 2010.
The press release is quoted as saying:
The Transaction is intended to provide Callinan shareholders with the opportunity to continue to participate in both aspects of Callinan’s present holdings. Pursuant to the Transaction, Callinan’s exploration assets, including Callinan’s interest in the Coles Creek polymetallic project in British Columbia, and the Gossan Hill gold and silver Project in Manitoba, will be transferred to a new corporation (“Newco”).