15th Jan 2026 13:43
Caledonia Mining Corp PLC - Jersey-registered operator of Blanket gold mine in Zimbabwe - Prices USD125 million in convertible senior notes due 2023 with a 5.875% coupon. The private placement with institutional buyers is increased from the originally intended USD100 million. The buyers of the notes also have a 13-day option to buy up to USD25 million more. The notes will be convertible at USD40.51 per share, a 25% premium to the stock's New York close on Wednesday, starting from January 21, 2030. Caledonia will receive USD120.2 million in net proceeds, or USD144.4 million if the option is taken up in full. The funds raised will be used to develop the Bilboes gold project in Zimbabwe, which is in development, and for general operations. Read More
