REG - Caledonia Mining Crp - Update of Zimbabwe Placing

Caledonia MiningAnnouncement

31/03/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230331:nRSe8477Ua&default-theme=true

RNS Number : 8477U  Caledonia Mining Corporation PLC  31 March 2023

Caledonia Mining Corporation Plc

Update of Zimbabwe Placing

 

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)

 

 

 

St Helier, March 31, 2023 - Caledonia Mining Corporation Plc ("Caledonia" or
the "Company") announces that, further to its announcements on March 24, 2023
regarding the Fundraise (as defined in the announcements), it has decided to
extend the closing of the Zimbabwe Placing (as also defined in the
announcements) from 12.00 p.m. on March 31, 2023 by up to a week due to a
higher than anticipated level of demand from existing and new Zimbabwean
institutional shareholders who wish to participate but require extra time to
attend to their own administrative requirements.  It is expected that, due to
strong demand from existing Zimbabwean institutional shareholders, the
Zimbabwe Placing will raise in excess of US$3milllion.  A further
announcement will be made next week regarding the closing of the Zimbabwe
Placing, the funds raised and the shares and Zimbabwe depositary interests to
be issued pursuant to the Placing.

 

 

Enquiries:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                             Tel: +44 1534 679 800

 Camilla Horsfall                                           Tel: +44 7817 841 793
 Cenkos Securities plc (Nomad and Joint Broker)

 Adrian Hadden                                              Tel: +44 207 397 1965

 Neil McDonald                                              Tel: +44 131 220 9771

 Pearl Kellie                                               Tel: +44 131 220 9775
 Liberum Capital Limited (Joint Broker)

 Scott Mathieson/Kane Collings                              Tel: +44 20 3100 2000
 BlytheRay Financial PR (UK)

 Tim Blythe/Megan Ray                                       Tel: +44 207 138 3204

 3PPB (Financial PR, North America)                         Tel: +1 917 991 7701

 Patrick Chidley                                            Tel: +1 203 940 2538

 Paul Durham
                                                            Tel: +263 77802131

 Curate Public Relations (Zimbabwe)

 Debra Tatenda
 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)  Tel: +263 (242) 745 119/33/39

 Lloyd Mlotshwa

 

 

 Note: This announcement contains inside information which is disclosed in
accordance with the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it
forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 and is disclosed in accordance with the Company's obligations under
Article 17 of MAR.

 

 

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not
historical facts are "forward-looking information" within the meaning of
applicable securities legislation that involve risks and uncertainties
relating, but not limited, to Caledonia's current expectations, intentions,
plans, and beliefs.  Forward-looking information can often be identified by
forward-looking words such as "anticipate", "believe", "expect", "goal",
"plan", "target", "intend", "estimate", "could", "should", "may" and "will" or
the negative of these terms or similar words suggesting future outcomes, or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. Examples of forward-looking
information in this news release include, for instance: expectations of funds
raised by the Zimbabwe Placing.  This forward-looking information is based,
in part, on assumptions and factors that may change or prove to be incorrect,
thus causing actual results, performance or achievements to be materially
different from those expressed or implied by forward-looking information.

 

Security holders, potential security holders and other prospective investors
should be aware that these statements are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those suggested by the forward-looking statements.  Security
holders, potential security holders and other prospective investors are
cautioned not to place undue reliance on forward-looking information.  By its
nature, forward-looking information involves numerous assumptions, inherent
risks and uncertainties, both general and specific, that contribute to the
possibility that the predictions, forecasts, projections and various future
events will not occur.  Caledonia undertakes no obligation to update publicly
or otherwise revise any forward-looking information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.

 

This news release is not an offer of the shares of Caledonia for sale in the
United States or elsewhere. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
the shares of Caledonia, in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such province, state or
jurisdiction.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDGZGFFNGLGFZM