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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 www.caledoniamining.com.



Caledonia Mining Corporation
Mark Learmonth
+ 27 11 447 2499
marklearmonth@caledoniamining.com
www.caledoniamining.com
or
Canaccord Genuity Limited
Andrew Chubb / Sebastian Jones
+ 44 20 7523 8000
or
Newgate Threadneedle
Beth Harris / Adam Lloyd
+44 20 7653 9850
or
CHF Investor Relations
Jeremy Hill
+1 416 868 1079 x 238
jeremy@chfir.com
Companies Mentionned : Caledonia Mining |
Data and Statistics for these countries :
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Caledonia Mining Corporation

PRODUCER
CODE : CAL.TO
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$ 77.2 millions as of today (US$ 58.5 millions, € 53.2 millions).

Its stock quote reached its highest recent level on July 04, 1997 at CA$ 10.00, and its lowest recent point on December 24, 2008 at CA$ 0.23.

Caledonia Mining has 52 185 946 shares outstanding.

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Annual reports of Caledonia Mining Corporation
Caledonia's Q4 and Annual Results 2008 Conference Call
Fourth Quarter and 2008 Annual Results
announces its Fourth Quarter and 2007 Annual Results
Nominations of Caledonia Mining Corporation
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...
5/10/2012[pressrelease] Caledonia Mining First Quarter 2012 Operating...
4/5/2012Notice of Posting of Annual Financial Statements
5/19/2011[pressrelease] Caledonia Mining First Quarter 2011 Results
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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
5/15/2007Announces its First Quarter 2007 Results
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11/14/2012Reports Record High Q3 2012 Production and Gross Profits
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1/24/2011(Blanket)January 2011 Shareholder Update
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5/6/2009(Blanket)Blanket Mine Commences Production and Export of Gold
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2/12/2010Website Update
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1/31/2008 Signs Marketing Agreement with MRI Trading AG
1/2/2008Resignation of Roland Fasel as Caledonia Director
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