Replies to post #23675 on THE PARADIGM SHIFT

[manysevens]

oh my ...

the original Rudiger lol

weekly

[fringe_remnant]

CALVF News

Caledonia Mining Corporation Accepts Offer of R70 Million for Barbrook Gold Mine
Feb 25, 2008 9:01:00 AM
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TORONTO, ONTARIO--(Marketwire - Feb. 25, 2008) - Caledonia Mining Corporation ("Caledonia")(TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce it has accepted an offer for the purchase of the loan account and the entire issued share capital of Barbrook Mines Limited ("Barbrook Mines") in South Africa by Eastern Goldfields, Inc. Limited (OTCBB:EGDD) for R70 million (approximately $9.1 million). The proposed transaction is to be implemented through one of the Eastern Goldfields' subsidiaries in South Africa.

The offer is to be settled in cash within 60 days of Caledonia's acceptance of the offer and is subject to certain normal suspensive conditions some of which must be fulfilled within 30 days and the others within 60 days. There is a break fee of R250,000 (approximately $32,000).

Barbrook Mines is a wholly owned subsidiary of Caledonia and includes assets & liabilities of the Barbrook Gold Mine, located in the Barberton region in South Africa. The mine has been on care and maintenance since November 10, 2006. As at September 30, 2007 Barbrook had a carrying value of $9.4 million on the Caledonia balance sheet and in the nine month period ended September 30, 2007 generated losses of $0.37 million.

The sale of Barbrook Mines enables management to focus on the development of the Nama Cobalt Project in Zambia and on the producing Blanket gold mine in Zimbabwe. Proceeds from the sale will be used to further advance the Nama Project. An independent feasibility study of Nama is due during the second quarter of 2008.

Negotiations for the sale of Eersteling Gold Mine in South Africa continue.

FOR FURTHER INFORMATION PLEASE CONTACT:
Caledonia Mining
Stefan Hayden
President & CEO
[phone]
Website: www.caledoniamining.com

BuckBias
Alex Buck
[phone]

RBC Capital Markets
Andrew Smith
[phone]

Source: Caledonia Mining Corporation

[fringe_remnant]

CALVF News

Please link back for the chart.

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Caledonia Mining Accepts Offer of C$3.81 Million for Eersteling Gold Mine
Mar 4, 2008 9:01:00 AM
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TORONTO, ONTARIO--(Marketwire - March 4, 2008) - Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce it has accepted an offer for the purchase of the entire issued share capital of Eersteling Gold Mining Company Limited ("Eersteling") in South Africa by a private Canadian company for C$3.81 million.

The offer is to be settled in cash on or before July 31, 2008 and a refundable deposit of C$0.4 million is to be placed in trust upon signing of the final agreements by no later than March 31, 2008. The offer is subject to the approval of the Board of Directors of both parties. A non-refundable break fee of C$131,000 will be paid to Caledonia by March 8, 2008. In addition, the monthly running costs of Eersteling of approximately C$8,000 will be paid in advance to Caledonia from 3 March 2008, until completion of the transaction.

Eersteling is a wholly owned subsidiary of Caledonia and includes the assets & liabilities of the Eersteling Gold Mine, located in the Limpopo province of South Africa. The mine has been on care and maintenance since 1997. As at September 30, 2007 Eersteling had a carrying value of C$1.03 million on the Caledonia balance sheet and, in the nine month period ended September 30, 2007, generated losses of C$0.1 million.

The sale of Eersteling will enable Caledonia's management to focus on the development of the Nama Cobalt Project in Zambia and on the producing Blanket gold mine in Zimbabwe. Proceeds from the sale will be used to further advance the Nama Project.

FOR FURTHER INFORMATION PLEASE CONTACT:
Caledonia Mining
Stefan Hayden
President & CEO
[phone]
Website: www.caledoniamining.com

BuckBias
Alex Buck
[phone]

RBC Capital Markets
Andrew Smith
[phone]

Source: Caledonia Mining Corporation