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IN BRIEF: Caledonia Mining Raises USD13 Million For Solar Plant

4th Sep 2020 14:48

Caledonia Mining Corp PLC - southern Africa-focused exploration and development company - Raises USD13 million via "at the market" sales agreement with Cantor Fitzgerald. Issued 597,963 shares under agreement. Following agreement, has 12.1 million shares in issue. Caledonia expects to use the net proceeds for investment in the construction of a solar power plant to supply electricity to its Blanket mine in Zimbabwe.

Current share price: 35.00 pence

Year-to-date change: down 10%

By Paul McGowan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Caledonia Min
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