Exercise of Options

RNS Number : 9436T

Caledonia Mining Corporation

20 December 2012

 

Exercise of Options

Toronto, Ontario December 20, 2012: Caledonia Mining Corporation ("Caledonia" or the "Company") (TSX: CAL, OTCQX: CALVF, AIM: CMCL), received notice on November 20, 2012 that Stefan Hayden, a Person Disclosing Managerial Responsibility (PDMR) of the Company, today exercised options over an aggregate 6,000,000 ordinary shares in the Company ("Ordinary Shares") at an exercise price of Cdn$0.07 per share.

Following this transaction, Stefan Hayden and persons connected to him have interest in 10,380,000 Ordinary Shares representing approximately 2.0% of the Company's issued ordinary share capital, all of which are held beneficially.

The Company has applied for the 6,000,000 new Ordinary Shares to be admitted to trading on AIM and admission is expected to become effecting at 8.00 a.m. on Friday 28 December 2012. 

Following this issue of equity, the Company has 514,461,780 Ordinary Shares in issue.

For more information, please contact:

Caledonia Mining Corporation Mark Learmonth Tel: + 27 11 447 2499 [e-mail]	Canaccord Genuity Limited Andrew Chubb / Sebastian Jones Tel: + 44 20 7523 8350
Newgate Threadneedle Terry Garrett /Beth Harris/Graham Herring Tel: [phone]	CHF Investor Relations Jeremy Hill Tel : [phone] x 238 [e-mail]

 

END

 

 

MSCEALANFFXAFFF