Caledonia raises $13m for solar project to supply the Blanket mine

Aim-listed Caledonia Mining Corporation has raised $13-million for the construction of a solar power plant to supply electricity to the Blanket gold mine, in Zimbabwe, through the sale and issue of about 600 000 shares in the company, pursuant to an “at the market” (ATM) sales agreement with Cantor Fitzgerald. Following the issue of the ATM shares, the company has 12.1-million shares in issue.