Exercise of Options and Directors' Dealings
TORONTO, ONTARIO -- (Marketwire) -- 04/19/12 -- Caledonia Mining Corporation ("Caledonia" or the "Company") (TSX: CAL)(OTCQX: CALVF)(AIM: CMCL), received notice on April 14, 2012 that, on the same day, the following directors exercised options over an aggregate 5,500,000 ordinary shares of no par value in the Company ("Ordinary Shares") in accordance with the rules of the Company's Share Option Plan.
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Number of
Ordinary % of
Number of Shares held Ordinary
options Date of Exercise post Share
Director exercised grant price exercise capital
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April 24, $ 0.07
S.E. Hayden 4,000,000 2002 Cdn. 4,380,000 0.866%
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April 24, $ 0.07
F.C. Harvey 1,000,000 2002 Cdn. 1,204,300 0.238%
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April 24, $ 0.07
C.R. Jonsson 500,000 2002 Cdn. 559,469 0.111%
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Total 5,500,000
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The proceeds received, totalling $385,000 Cdn., will be added to the Company's operating capital. Pursuant to the exercise of these options, the Company has made application to the London Stock Exchange for 5,500,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 25 April 2012.
Following this notification, the Company has 506,049,303 Ordinary Shares in issue.
Contacts:
Caledonia Mining Corporation
Mark Learmonth
+ 27 11 447 2499
marklearmonth@caledoniamining.com
Canaccord Genuity Limited
John Prior / Sebastian Jones
+ 44 20 7523 8350
Newgate Threadneedle
Terry Garrett /Beth Harris/Graham Herring
+44 20 7653 9850
CHF Investor Relations
Stephanie Fitzgerald
+1 416 868 1079 x 222
stephanie@chfir.com
