https://www.miningweekly.com

Caledonia raises $13m for solar project to supply the Blanket mine

4th September 2020

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed Caledonia Mining Corporation has raised $13-million for the construction of a solar power plant to supply electricity to the Blanket gold mine, in Zimbabwe, through the sale and issue of about 600 000 shares in the company, pursuant to an “at the market” (ATM) sales agreement with Cantor Fitzgerald.

Following the issue of the ATM shares, the company has 12.1-million shares in issue.

As announced on July 24, Caledonia made an application to the Aim for a block admission in respect of up to 800 000 new depositary interests representing the same number of shares in the share capital for the company that will rank pari passu with the existing shares in issue.

Given that Caledonia has now raised the maximum amount of funds sought under the ATM sales agreement, the company has cancelled the remaining portion of the block admission – about 202 000 depository interests – effective September 7.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.818s - 110pq - 2rq
Subscribe Now