Caledonia Mining Corporation: Shareholders Approve the Reduction in Stated Capital and Share Consolidation and Directors Declare Dividend
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/25/13 -- Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(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:
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 .
Contacts:
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
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Datum: 25.01.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 222979
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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