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Caledonia Mining Corporation: Shareholders Approve the Reduction in Stated Capital and Share Consolidation and Directors Declare Dividend
Published : January 25, 2013
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TORONTO, ONTARIO--(Marketwire - Jan. 25, 2013) - Caledonia Mining Corporation ("Caledonia") (News - Market indicators)(OTCQX:CALVF)(AIM:CMCL) is pleased to announce that the Special Meeting of the Caledonia Shareholders held on January 24th passed the following special resolutions:

  • approval of a reduction of Stated Capital of Caledonia's common shares by 94.10% of the votes cast; and

  • approval for the issued and outstanding common shares of Caledonia to be consolidated on the basis of one (1) post-consolidation common share for every ten (10) common shares currently issued and outstanding by 89.54 % of the votes cast.

Information regarding the timing and implementation of the share consolidation and the date the consolidated shares will commence trading will be provided in due course.

Subsequent to the conclusion of the Special Meeting, Caledonia's Board of Directors resolved to declare an initial dividend of $0.005 (one half-cent) Cdn. per non-consolidated share. Caledonia's non-consolidated shares will commence trading ex-dividend on February 6, 2013. The dividends will be paid to the shareholders of record at the close of business on February 8, 2013.

Commenting on the declaration of the dividend, Stefan Hayden, Caledonia's President and Chief Executive Officer, said: "The declaration of Caledonia's initial dividend is a further milestone in Caledonia's development as an emerging mid-tier gold miner and reflects Caledonia's strong operational and financial performance. The dividend of one-half cent per pre-consolidated share is approximately one-tenth of Caledonia's cash on hand. Caledonia retains the financial capacity to continue to invest in expanding its business."

Further information regarding Caledonia's exploration activities and operations along with its latest financials and Management Discussion and Analysis may be found at

Caledonia Mining Corporation
Mark Learmonth
+ 27 11 447 2499
Canaccord Genuity Limited
Andrew Chubb / Sebastian Jones
+ 44 20 7523 8000
Newgate Threadneedle
Beth Harris / Adam Lloyd
+44 20 7653 9850
CHF Investor Relations
Jeremy Hill
+1 416 868 1079 x 238

Caledonia Mining Corporation

CUSIP : 12932K
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Caledonia Mining is a producing gold 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$ 580.2 millions as of today (US$ 435.9 millions, € 376.3 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.23, and its highest recent level on June 20, 2018 at CA$ 10.99.

Caledonia Mining has 52 790 000 shares outstanding.

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Annual reports of Caledonia Mining Corporation
Caledonia's Q4 and Annual Results 2008 Conference Call
announces its Fourth Quarter and 2007 Annual Results
Financings of Caledonia Mining Corporation
7/31/2007EXTENDS 17,000,000 WARRANTS
Nominations of Caledonia Mining Corporation
8/20/2013Appointment of Chief Operating Officer
1/25/2013Shareholders Approve the Reduction in Stated Capital and Sha...
5/29/2012[pressrelease] Caledonia Mining Appoints New Directors
5/29/2012Appoints New Directors
5/16/2012[pressrelease] Caledonia Mining Appoints New Director
4/19/2012Exercise of Options and Directors' Dealings
3/28/2008Announces the appointment of a new Director
2/15/2008Appoints Dr Trevor Pearton as Vice-President, Exploration
Financials of Caledonia Mining Corporation
3/31/2015Results for the Fourth Quarter and Year ended December 31, 2...
8/14/2012Reports Second Quarter 2012 Operating and Financial Results ...
5/10/2012[pressrelease] Caledonia Mining First Quarter 2012 Operating...
4/5/2012Notice of Posting of Annual Financial Statements
6/29/2011Notice of Posting of Annual Financial Statements
5/19/2011[pressrelease] Caledonia Mining First Quarter 2011 Results
5/18/2011First Quarter 2011 Results
11/12/2010Caledonia Mining Announces Third Quarter 2010 Results
11/14/2008Announces Third Quarter 2008 Results
8/15/20082008 Second Quarter and Half Year Results
11/15/2007 Third Quarter 2007 Results
5/15/2007Announces its First Quarter 2007 Results
Project news of Caledonia Mining Corporation
11/14/2012Reports Record High Q3 2012 Production and Gross Profits
8/9/2012(Nama)Nama Base Metal Project, Zambia: Project Update
5/24/2012(Blanket)Indigenisation Update: Transfer of a Further 20% of Blanket ...
8/19/2011(Blanket)Update on Indigenisation at the Blanket Mine in Zimbabwe
1/24/2011(Blanket)January 2011 Shareholder Update
10/21/2010(Blanket)Announces the Commissioning of the No. 4 Shaft Project
11/9/2009(Blanket)Blanket Mine Awarded Exporter of the Year
7/2/2009(Rooipoort)Mitsubishi Corporation Withdraws From Proposed Participation...
10/2/2008(Nama) Awarded Mining Licences for Nama Cobalt Project
5/6/2008(Nama)Announces NI 43-101 Resource for Anomaly “D” and
4/7/2008(Barbrook)Signs Formal Agreements for Sale of Barbrook and Eersteling ...
3/4/2008(Eersteling)Accepts Offer of C$3.81 million for Eersteling Gold Mine
2/25/2008(Barbrook)Accepts Offer of R70 million for Barbrook Gold Mine
1/29/2008(Nama)Announces Cobalt Off-take Agreement with Large Chinese Refin...
8/14/2007(Blanket) Blanket Mine resumes underground operations after shaft exp...
5/8/2007(Nama)Announces the Phase 3 Drilling Program at the Nama Cobalt Pr...
Corporate news of Caledonia Mining Corporation
7/28/2016Caledonia Mining Corporation Plc: Resource Update at the Bla...
7/26/2016Caledonia Mining Corporation Plc: Board and Management Appoi...
7/11/2016Caledonia Mining Corporation Plc: Q2 2016 Production Update
7/5/2016Caledonia Mining Corporation Plc: Caledonia Declares an Incr...
5/20/2016Caledonia Mining Corporation Plc: Results of 2016 Annual Sha...
5/17/2016Caledonia Mining Corporation Plc: Purchase of Shares by Leig...
5/16/2016Caledonia Mining Corporation Plc: Sale of Caledonia Shares b...
5/16/2016Caledonia Mining Corporation Plc: Sale of Zimbabwe Governmen...
5/12/2016Caledonia Mining Corporation Plc: Results for the First Quar...
4/12/2016Caledonia Mining Corporation Plc: Resignation of David Hende...
4/7/2016Caledonia Mining Corporation Plc: Exercise of Share Options
4/7/2016Caledonia Mining Corporation Plc: Q1 2016 Production Update
4/5/2016Caledonia Mining Corporation Plc: Caledonia Declares Tenth Q...
3/30/2016Caledonia Mining Corporation plc: Exercise of Share Options
3/30/2016Caledonia Mining Corporation plc: Share Purchase
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3/24/2016Caledonia Mining Corporation: Long Term Incentive Award
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1/18/2016Caledonia Mining Corporation: Share Purchase
1/12/2016Caledonia Mining Corporation: Long Term Incentive Awards
1/12/2016Caledonia Mining Corporation: Exercise of Share Options
1/8/2016Caledonia Mining Corporation: Grant of Share Options
1/6/2016Caledonia Mining Corporation: 2015 Production Update and 201...
1/5/2016Caledonia Declares Ninth Quarterly Dividend and Revised US D...
12/21/2015Caledonia Mining Corporation: Proposed Re-domicile from Cana...
12/16/2015Caledonia Mining Corporation: Adoption of US Dollar-Denomina...
12/15/2015Caledonia Mining Corporation: Response to Share Price Declin...
12/3/2015Caledonia Mining Corporation: Resource Update at the Blanket...
11/12/2015Caledonia Mining Corporation: Results for the Third Quarter ...
10/12/2015Caledonia Mining Corporation Q3 2015 Production Update
10/6/2015Caledonia Declares Eighth Quarterly Dividend
9/21/2015Caledonia Mining Corporation: Update on Implementation of th...
9/2/2015Caledonia Mining Corporation: Share Purchase
8/13/2015Caledonia Mining Corporation: Results for the Second Quarter...
8/10/2015Caledonia Mining Corporation: Board Appointments
7/17/2015Caledonia Mining Corporation: Caledonia Re-Files Technical R...
7/13/2015Caledonia Mining Corporation: Acceptance of Resignation of R...
7/7/2015Caledonia Declares Seventh Quarterly Dividend
7/6/2015Caledonia Mining Corporation: Q2 2015 Production Update
6/18/2015Caledonia Mining Corporation: Update on Implementation of th...
5/14/2015Caledonia Mining Corporation: Election of Directors
5/13/2015Caledonia Mining Corporation: Q1 2015 Results
5/11/2015Caledonia Mining Corporation: Chairman's Statement at the Fo...
5/8/2015Caledonia Mining Corporation: Change of Adviser
5/1/2015Caledonia Mining Corporation: Accident at Blanket Mine
4/30/2015Caledonia Mining Corporation: Major Shareholder Notification
4/24/2015Caledonia Mining Corporation: Notification of Annual General...
4/9/2015Caledonia Mining Corporation: Q1 2015 Production and Sales
4/7/2015Declares Sixth Quarterly Dividend
4/7/2015Caledonia Declares Sixth Quarterly Dividend
3/31/2015Caledonia Mining Corporation: Results for the Fourth Quarter...
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2/6/2015Caledonia Mining Corporation: Fidelity Amend their Pricing a...
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1/7/2015FAA to require airlines use data to prevent accidents
1/6/2015Caledonia Declares Fifth Quarterly Dividend
12/29/2014AirTran makes final flight, ending 21-year run
12/18/2014Caledonia Mining Corporation: Share purchase
12/8/2014Caledonia Mining Corporation: Resignation of Mr Stefan Hayde...
12/2/2014Caledonia Mining Corporation: Filing of NI 43-101 Technical ...
11/18/2014Caledonia Mining Corporation: Management Changes
11/13/2014Caledonia Mining Corporation: Results for the Third Quarter ...
11/3/2014Caledonia Mining Corporation: Revised Investment Plan and Pr...
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10/7/2013(Blanket)Blanket Mine Third Quarter 2013 Production Update
7/2/2013(Blanket)Blanket Mine Second Quarter 2013 Production Update
5/13/2013Q1 2013 Results and Confirmation of Annual General Meeting D...
5/13/2013Q1 2013 Results and Confirmation of Annual General Meeting D...
4/10/2013(Blanket)Blanket Mine First Quarter 2013 Production Update
4/4/2013Announcement of 2012 Dividend
3/28/2013Fourth Quarter and 2012 Annual Results; 2012 Gold Production...
3/14/2013Implementation of Share Consolidation
1/14/2013(Blanket)Blanket Mine Fourth Quarter 2012 Production Update
1/14/2013(Blanket)Blanket Mine Fourth Quarter 2012 Production Update
1/9/2013(Blanket)-Strategy Update: Blanket Mine Expects To Increase Gold Prod...
1/3/2013Confirms Distribution of Meeting Materials to Shareholders
11/19/2012Proposes Initial Dividend, Stated Capital Reduction, and a S...
10/9/2012(Blanket)Blanket Mine Third Quarter Production Update
9/24/2012(Nama)Status of the Nama Large Scale Mining Licences in Zambia
9/13/2012Grant of Options
6/21/2012Zimbabwe Indigenisation update: Caledonia Concludes Sale Agr...
9/8/2011(Blanket)Blanket Gold Mine in Zimbabwe achieves record daily producti...
8/12/20112011 Second Quarter and Half Year Results and Management Con...
7/4/2011(Blanket)Files New NI 43-101 Report on Blanket Mine
5/30/2011(Blanket)Blanket Mine's 10 MVA Standby Generating Installation Commis...
3/31/20112010 Fourth Quarter and Annual Results and Management Confer...
12/10/2010Resignation of Chairman
2/12/2010Website Update
9/4/2009Reduces Exercise Price of Outstanding Options
5/28/2009Report on 2009 Annual General Meeting and Shareholder Update
6/30/2008 and Mitsubishi Corporation Sign Agreement on the Rooipoort ...
6/2/2008concludes the sale of the Barbrook
4/23/2008Grants an extension for the fulfilment of a suspensive condi...
4/14/2008Announces the Adoption of a Shareholder Rights Plan
3/25/2008 announces the signing of a fourth Cobalt Sales Agreement
3/11/2008Announces the signing of two further Cobalt Sales Agreements
1/31/2008 Signs Marketing Agreement with MRI Trading AG
1/2/2008Resignation of Roland Fasel as Caledonia Director
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