Caledonia Mining Corporation
TSX : CAL
OTCQX : CALVF
AIM : CMCL

Caledonia Mining Corporation

April 19, 2012 11:48 ET

Exercise of Options and Directors' Dealings

TORONTO, ONTARIO--(Marketwire - 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 25 April 2012.

Following this notification, the Company has 506,049,303 Ordinary Shares in issue.

Contact Information

  • Caledonia Mining Corporation
    Mark Learmonth
    + 27 11 447 2499
    marklearmonth@caledoniamining.com

    Canaccord Genuity Limited
    John Prior / Sebastian Jones
    + 44 20 7523 8350

    Newgate Threadneedle
    Terry Garrett /Beth Harris/Graham Herring
    +44 20 7653 9850

    CHF Investor Relations
    Stephanie Fitzgerald
    +1 416 868 1079 x 222
    stephanie@chfir.com