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Friday, 08/17/2012 3:49:13 PM

Friday, August 17, 2012 3:49:13 PM

Post# of 5870
Here is some news via the UK i don't remember seeing. This is most interesting and should be read carefully.

Caledonia Mining adds two non-executive directors to board

29th May 2012, 10:44 am by Sergei Balashov Caledonia Mining has appointed Leigh Wilson and John Kelly to the board as non-executive directors with immediate effect Caledonia Mining (LON:CMCL) has beefed up its board with two new non-executive directors, Leigh Wilson and John Kelly, whose experience in the US will be particularly valuable to the business.

Wilson has served in senior executive and management positions with Union Bank of Switzerland in London and with the Paribas Group in Paris and New York, where he served as chief executive of Paribas North America between 1984 and 1990.He is currently independent chairman of the Victory Fund Board and chief executive officer of New Century Home Health Care, a role he has held since 1995.

Wilson owns 423,000 shares in Caledonia, which represents a 0.083 percent stake in the company.

Kelly, who currently serves as chief operating officer of Liquidnet Holdings, has more than 30 years of experience in the financial service industry in the US and international markets including emerging markets in Asia.
Over the past five years, Kelly has been a managing director of JL Thornton & Co and CrossRoad LLC and he has also been an Independent Trustee of The Victory Funds.

“I am delighted to welcome Leigh Wilson and John Kelly to Caledonia. Their commercial experience, particularly in the U.S.A., will be a valuable addition to the Caledonia board,” said president and chief executive of Caledonia Stefan Hayden.

Earlier this month, Caledonia appointed corporate lawyer Richard Patricio to its board as a non-executive.

Patricio is currently vice president of legal and corporate affairs at Pinetree Capital, a Toronto-based financial firm that is a long-standing shareholder in Caledonia and currently holds just over 10 percent.

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