NEW: Caledonia Mining in successful capital raise

Online Reporter 

GOLD producer Caledonia Mining Corporation has successfully raised new funds to strengthen its balance sheet and provide working capital to accelerate planned work at three new gold projects it is currently undertaking in Zimbabwe.

The Zimbabwe placing received strong support from new and existing institutional investors.

Caledonia chief executive officer Mr Mark Learmonth said: “I am very pleased to see such strong demand from new and existing institutional investors in Zimbabwe such as Zimbabwe’s Mining Industry Pension Fund, who subscribed for a significant amount of the Zimbabwe placing.

“Their support will help us accelerate our growth plans in Zimbabwe.”

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