Caledonia Mining Corporation yesterday increased its target of funds for a planned listing on the Victoria Falls Stock Exchange (VFEX) to US$8 million after a positive response from Zimbabwean investors, chief executive officer Steve Curtis has said.
The firm, which holds majority control in Blanket Mine, will list on December 2, 2021.
In a shareholder update, Curtis said massive interest had boosted his board’s belief that joining southern Africa’s newest exchange would produce a range of positive spin-offs.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.