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13 Sep 2012 08:30
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Grant of Options
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Toronto, Ontario September 13, 2012: Caledonia Mining Corporation ("Caledonia" or "the Company") (TSX: CAL, OTCQX: CALVF, AIM: CMCL) announces that it has, effective September 10, 2012, granted share purchase options over ordinary shares of nil par value in the Company ("Ordinary Shares") to its directors, officers and employees, and directors and employees of certain of its subsidiary companies. A total of 9,319,000 new options have been granted with 5-year terms, exercisable from September 10, 2012 until September 10, 2017 at a price of $0.09 (Cdn.) per Ordinary Share. Options were granted to the following directors of the Company:
Name of director | Position | Number of new options granted | Total options held following grant | Total options as % of issued share capital |
Christopher Harvey | Director | 400,000 | 2,400,000 | 0.47 |
Stefan Hayden | Director, President & Chief Executive Officer | 1,400,000 | 10,400,000 | 2.05 |
James Johnstone | Director | 400,000 | 2,400,000 | 047 |
Carl Jonsson | Director, Chairman & Secretary | 400,000 | 3,000,000 | 0.59 |
Steve Curtis | Director, V-P Finance & Chief Financial Officer | 1,200,000 | 6,300,000 | 1.24 |
Robert Babensee | Director | 400,000 | 2,650,000 | 0.52 |
Richard Patricio | Director | 900,000 | 900,000 | 0.18 |
Leigh Wilson | Director | 900,000 | 900,000 | 0.18 |
John Kelly | Director | 900,000 | 900,000 | 0.18 |
Caledonia has in place a floating Option Plan ("the Plan") pursuant to which it has previously had 30,540,000 options issued. The newly granted options will bring the total number of options outstanding to 39,859,000 - equivalent to approximately 7.85% of Caledonia's issued share capital. Pursuant to the Plan, Caledonia has the authority to issue options equal to 10% of its issued share capital.
For more information, please contact:
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Caledonia Mining Corporation Mark Learmonth Tel: + 27 11Β 447 2499 marklearmonth@caledoniamining.com | Canaccord Genuity Limited John Prior / Sebastian Jones Tel: + 44 20 7523 8350 |
Newgate Threadneedle Beth Harris / Josh Royston Tel: +44 20 7653 9850 Β | CHF Investor Relations Stephanie Fitzgerald Tel : +1 416 868 1079 x 222 stephanie@chfir.com Β |
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