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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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Keywords :   Caledonia Mining | Gold |

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
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Caledonia Mining Corporation

PRODUCER
CODE : CAL.TO
CUSIP : 12932K
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In the News and Medias of Caledonia Mining Corporation
4/21/2009Gold producers restart mining in Zimbabwe
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
2006 Annual Report
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
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
5/18/2009First Quarter 2009 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...
5/6/2009(Blanket)Blanket Mine Commences Production and Export of Gold
4/3/2009(Blanket)Imminent Resumption of Gold Mining at the Blanket Gold
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
10/7/2013(Blanket)Blanket Mine Third Quarter 2013 Production Update
7/2/2013(Blanket)Blanket Mine Second Quarter 2013 Production Update
5/30/2013Director's Share Dealing
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
4/20/2010Listen to the April 12th Conference Call
2/12/2010Website Update
2/12/2010Government of Zimbabwe sets out Regulations for Indigenisati...
9/4/2009Reduces Exercise Price of Outstanding Options
5/28/2009Report on 2009 Annual General Meeting and Shareholder Update
10/31/2008 Announces Board Changes
10/23/2008Update on Operations
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
11/15/20063rd Quarter Results 2006
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TORONTO (CAL.TO)OTC BB (CALVF.OB)
0.800-1.23%0.720-1.37%
TORONTO
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04/23 15:59 -0.010
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