Caledonia Mining Corporation Plc: Transaction to sell solar plant [Financial Post (Toronto, Ontario, Canada)]
Caledonia Mining Corporation Plc Common Shares (CMCL)
NASDAQ:AMEX Investor Relations:
caledoniamining.com
Company Research
Source: Financial Post
ST HELIER, Jersey, Oct. 01, 2024 (GLOBE NEWSWIRE) — Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or “the Company”) is pleased to announce that it has signed a conditional sale agreement for the entire issued share capital of its Zimbabwe subsidiary, Caledonia Mining Services (Private) Limited (“CMS”), which owns and operates the 12.2MWac solar plant that supplies power to Blanket Mine. CMS is to be sold to CrossBoundary Energy Holdings (“CBE”) for $22.35 million, payable in cash, and the power generation of the solar plant will continue to be sold to Blanket Mine by way of a power purchase agreement. Highlights Upon completion of the sale, Caledonia will realise a profit on the $14.3 million construction cost by selling the plant for $22.35 million. Completion of the sale will return capital to Caledonia at a key moment in the Company's growth trajectory. Caledonia will retain the exclusive energy off take, ensuring approximatel
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News
- Caledonia Mining Corporation Plc: Block Listing Application and "At The Market" Sales AgreementGlobeNewswire
- Caledonia Mining Corporation Plc: Purchase of Securities by Director [Canadian Business Journal (Canada)]Canadian Business Journal
- Caledonia Mining Corporation Plc: Purchase of Securities by DirectorGlobeNewswire
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholderGlobeNewswire
- Caledonia Mining Corporation Plc: Notifications of relevant change to significant shareholder [Canadian Business Journal (Canada)]Canadian Business Journal
CMCL
Sec Filings
- 12/17/24 - Form 6-K
- 12/17/24 - Form 424B5
- 12/17/24 - Form FWP
- CMCL's page on the SEC website