Caledonia Mining Corp PLC - gold miner in Zimbabwe - Raises USD8.0 million before expenses from initial public offering on the Victoria Falls Stock Exchange in Zimbabwe on Monday. Issues 630,000 shares at USD12.64 per depositary receipt for a share, more than originally planned. The money will be used for general corporate purposes in Zimbabwe, where Caledonia is the majority owner of the producing Blanket Mine. Caledonia noted the listing will give the company access to US dollar revenue for gold produced at Blanket.
Current stock price: 984.00 pence, up 1.2% on Tuesday
Year-to-date change: down 18%
By Tom Waite; thomaslwaite@alliancenews.com
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