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Clavis

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Callinan Receives Net Profits Interest Payment from HudBay Minerals

posted on Feb 13, 2009 12:44AM

Callinan Receives Net Profits Interest Payment from HudBay Minerals

Friday, Feb 13, 2009

http://www.yourindustrynews.com/news...

Callinan Mines has received its interim payment of $1,282,276 from HudBay Minerals Inc. This payment represents 75% of an estimate of 6.66% of the net profits from the 777 Mine in Flin Flon, Manitoba for the quarter ended December 31st, 2008.

On Behalf of the Board of Directors,

Mike Muzylowski

Mike Muzylowski
President and CEO