Last checked at 19 Apr 2012 15:26
Exercise of Options and Directors' Dealings
Toronto, Ontario April 19, 2012: Caledonia Mining Corporation ("Caledonia" or the "Company") (TSX: CAL, OTCQX: CALVF, AIM: CMCL), received notice on April 14, 2012 that, on the same day, the following directors exercised options over an aggregate 5,500,000 ordinary shares of no par value in the Company ("Ordinary Shares") in accordance with the rules of the Company's Share Option Plan.
Director | Number of options exercised | Date of grant | Exercise price | Number of Ordinary Shares held post exercise | % of Ordinary Share capital |
S.E.Hayden | 4,000,000 | April 24, 2002 | $0.07 Cdn. | 4,380,000 | 0.866% |
F.C. Harvey | 1,000,000 | April 24, 2002 | $0.07 Cdn. | 1,204,300 | 0.238% |
C.R.Jonsson | 500,000 | April 24, 2002 | $0.07 Cdn. | 559,469 | 0.111% |
Total | 5,500,000 |
The proceeds received, totalling $385,000 Cdn., will be added to the Company's operating capital. Pursuant to the exercise of these options, the Company has made application to the London Stock Exchange for 5,500,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on April 25, 2012.
Following this notification, the Company has 506,049,303 Ordinary Shares in issue.
For more information, please contact:
Caledonia Mining Corporation Mark Learmonth Tel: + 27 11 447 2499 marklearmonth@caledoniamining.com | Canaccord Genuity Limited John Prior / Sebastian Jones Tel: + 44 20 7523 8350 |
Newgate Threadneedle Terry Garrett / Beth Harris / Graham Herring Tel: +44 20 7653 9850
| CHF Investor Relations Stephanie Fitzgerald Tel : +1 416 868 1079 x 222 stephanie@chfir.com
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