| Caledonia Mining Corporation: Acceptance of Resignation of Richard Patricio from Caledonia's Board of Directors | |
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TORONTO, ONTARIO--(Marketwired - Jul 13, 2015) - Caledonia Mining Corporation ("Caledonia" or the "Company") (CAL.TO)(CALVF)(CMCL.L) held its Annual and Special Meeting on May 14, 2015, at which Richard Patricio received more votes withheld than votes in favour of his re-election as a director. As a result, Mr. Patricio submitted his resignation as a director of the Company in accordance with the Company's majority voting policy. Caledonia's board of directors announces that, in light of the outcome of the shareholder vote, it will accept Mr. Patricio's resignation effective upon the appointment of his successor, which is expected to occur as soon as practicable. Commenting on Mr. Patricio's resignation, Leigh Wilson, Caledonia's Chairman, said: "Richard was a highly effective and hard-working member of Caledonia's board. During his three years of service as an independent director, Richard made a substantial contribution towards re-shaping Caledonia into the highly-focused company which it is today. "In order to remain compliant with applicable laws governing the composition of boards of Canadian companies, Caledonia will replace Richard with another Canadian resident. The process of identifying Richard's replacement is well-advanced and we expect that a further announcement will be made shortly. "Along with the rest of the board and Caledonia's management, I would like to thank Richard for his contribution."
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Caledonia Mining Corporation
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PRODUCER |
CODE : CAL.TO |
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CUSIP : 12932K |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Caledonia Mining is a gold producing company based in Canada. Caledonia Mining holds various exploration projects in Zambia. Its main asset in production is BLANKET in Zimbabwe and its main exploration properties are ROOIPOORT in South Africa and NAMA in Zambia. Caledonia Mining is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 1.2 billions as of today (US$ 888.8 millions, € 795.3 millions). Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.23, and its highest recent level on June 19, 2020 at CA$ 22.87. Caledonia Mining has 52 790 000 shares outstanding. |