Caledonia announces today that is it has completed the acquisition of the Bilboes Gold project in Zimbabwe. All pre-conditions set in the Agreement announced in July 2022 (RNS 21.07.22) have been met. Subject to adjustment, the total consideration is 5,123,044 shares, approximately 28.5% of the Caledonia's fully diluted share capital, and a 1% net smelter royalty. Based on the last trading day's closing price on the New York Stock Exchange of $12.1/share, and if there is no adjustment, the appro ....
06 Jan 2023
Caledonia Mining (CMCL) – Completion of the acquisition of the Bilboes Gold project
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Caledonia Mining (CMCL) – Completion of the acquisition of the Bilboes Gold project
Caledonia Mining Corporation PLC (CMCL:LON) | 820 -41 (-0.6%) | Mkt Cap: 157.4m
- Published:
06 Jan 2023 -
Author:
Paul Smith | David Seers -
Pages:
4
Caledonia announces today that is it has completed the acquisition of the Bilboes Gold project in Zimbabwe. All pre-conditions set in the Agreement announced in July 2022 (RNS 21.07.22) have been met. Subject to adjustment, the total consideration is 5,123,044 shares, approximately 28.5% of the Caledonia's fully diluted share capital, and a 1% net smelter royalty. Based on the last trading day's closing price on the New York Stock Exchange of $12.1/share, and if there is no adjustment, the appro ....