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.
For further information:
| Caledonia Mining Corporation
Tel: + 27 11 447 2499
| 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
| Collins Stewart LLC
Tel: +1 212 389 8022
| Newgate Threadneedle Communications
Laurence Read, tel +44 207 653 9855
Beth Harris, tel +44 207 653 9853
Terry Garrett, tel +44 207 653 9845
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