BRIEF-Callinex acquires 14.1MT point Leamington VMS deposit

Mon May 16, 2016 10:01am EDT
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May 16 (Reuters) - Callinex Mines Inc :

* Callinex acquires 14.1mt point Leamington VMS deposit

* Agreement to acquire 100% ownership of point leamington zn-au-ag-cu volcanogenic massive sulphide (vms) deposit

* Callinex has agreed to acquire 100% ownership of project and will pay $115,000 to newmarket on closing

* Newmarket will retain 1.0% net smelter return royalty on production from project, which can be purchased by callinex for $1 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)