09:49 AM EST - Excelsior Mining Corp. : announced that Callinan Royalties Corp. has exercised the first royalty option under the Share Purchase and Royalty Option Agreement dated July 19, 2013 between the Company and Callinan. As a result of the exercise of the first royalty option Callinan has paid the Company $3.0 million and in return received a 0.5% gross revenue royalty on the Gunnison Project. Combined with the initial GRR that Callinan acquired in July 2013, Callinan now holds a 1.0% GRR on the Gunnison Project. Excelsior Mining Corp.
shares V.MIN are trading down $0.015 at $0.23.
