Caledonia Mining Corporation - Issue of Equity and Director's Dealing
TORONTO, Feb. 1, 2012 /CNW Telbec/ - Caledonia Mining Corporation ("Caledonia" or "the Company") (TSX: CAL) (NASDAQ-OTCQX: CALVF) (AIM: CMCL) announces that on 30 May 2011, Stefan Hayden, Chief Executive Officer of Caledonia, was issued 380,000 new ordinary shares of no par value in the Company ("Ordinary Shares") at a price of C$0.09 per new Ordinary Share, conditional on these funds being received by the Company which they subsequently were.
Following this purchase, Stefan Hayden's beneficial interest in the Company is 380,000 Ordinary Shares representing 0.076% of the Company's enlarged issued share capital.
The Company has applied for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 7 February 2012. Following this issue of equity, the Company has 500,549,303 Ordinary Shares in issue.
Caledonia Mining Corporation Mark Learmonth Tel: + 27 11 447 2499 [email protected] |
Collins Stewart Europe Limited John Prior / Sebastian Jones Tel: + 44 20 7523 8350 |
Renmark Financial Communications Inc. John Boidman: [email protected] Nadia Marks: [email protected] Tel.: (514) 939-3989 or (416) 644-2020 www.renmarkfinancial.com |
Collins Stewart LLC Dan Mintz Tel: +1 212 389 8022 [email protected] |
Newgate Threadneedle Communications Laurence Read, tel +44 207 653 9855 Beth Harris, tel +44 207 653 9853 Terry Garrett, tel +44 207 653 9845 |
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Further information regarding Caledonia's exploration activities and operations along with its latest financials and Management Discussion and Analysis may be found at www.caledoniamining.com
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