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abc1938

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abc1938

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Monday, 02/20/2012 12:01:57 PM

Monday, February 20, 2012 12:01:57 PM

Post# of 5874
Caledonia signs Memorandum of Understanding with the Government of Zimbabwe relating to the Indigenisation of the Blanket Mine
Monday 02/20/2012 11:47 AM ET - Cnw Group via COMTEX
Caledonia Mining Corporation ("Caledonia") (TSX: CAL) (NASDAQ-OTCQX: CALVF) (AIM: CMCL) announces it has signed a Memorandum of Understanding ("MoU") with the Minister of Youth, Development, Indigenisation and Empowerment of the Government of Zimbabwe (the "Government of Zimbabwe") pursuant to which Caledonia has agreed to sell 51% of the Blanket Mine in Zimbabwe ("Blanket") to Indigenous Zimbabweans for a paid transactional value of US$30.09 million on the following basis:
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