Caledonia Mining Corporation: Implementation of Share Consolidation
TORONTO, ONTARIO--(Marketwire - Mar 14, 2013) - As previously announced, at a Special Meeting held on January 24th 2013, the shareholders of Caledonia Mining Corporation ("Caledonia") (CAL.TO)(CALVF)(CMCL.L) approved the consolidation of Caledonia''s issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) common shares issued (the "Consolidation").
Caledonia now sets out the timetable for the implementation of the Consolidation. Subject to final regulatory approval and the filing of required documentation.
Caledonia''s shares are expected to commence trading on a post-Consolidated basis on the TSX, AIM and OTCQX exchanges at the opening of markets on April 12, 2013.
Non-registered shareholders who hold their shares via broker accounts will have the number of shares automatically adjusted for the Consolidation.
Letters of transmittal were previously mailed to shareholders who are registered directly with Caledonia (i.e. who hold physical share certificates) together with the notice of the Special Meeting. The Letter of Transmittal sets out the process by which registered shareholders should submit their existing share certificates so that they can receive new certificates which reflect the number of shares they will hold post-Consolidation. Registered shareholders should submit their share certificates together with a duly completed letter of transmittal to Caledonia''s transfer agent, Equity Financial Trust Company in accordance with the instructions on the letter of transmittal.
Additional copies of the letter of transmittal are available from Equity Financial Trust Company, Corporate Actions, 200 University Avenue, Suite 400, Toronto, Ontario M5H 4H1 (Tel: +1 416 361 0152).
Following the Consolidation, Caledonia''s ISIN will be CA12932K2020. The relevant SEDOLs and tickers for the Company''s respective stock quotations are as follows:
TSX Ticker: CAL
AIM SEDOL: B8DFKL8 Ticker: CMCL
OTCQX SEDOL: B97Q3P9 Ticker: CALVF
Further information regarding Caledonia''s exploration activities and operations along with its latest financial statements and Management Discussion and Analysis may be found at www.caledoniamining.com.
Canada set to announce new trade promotion agreements with Cameroon, Zambia PAV JORDAN - MINING REPORTER The Globe and Mail Last updated Sunday, Mar. 03 2013, 8:09 PM EST
Canada will announce agreements on Monday designed to help promote trade with Cameroon and Zambia, home to iron ore and copper and other mineral deposits, attracting the attention of some of the world’s largest miners.
The so-called foreign investment promotion and protection agreements, known as FIPAs, are designed to help protect Canadian investment abroad through legally binding provisions and to promote foreign investment in Canada.
Wille states that there is a huge shortage of the metal, and that a massive gold rush will soon be ignited, resulting in an epic short covering rally and a 50% explosion in the price of gold....