Caledonia mining corporation plc block listing application and "at the market" sales agreement

St helier, jersey, may 18, 2023 (globe newswire) -- caledonia mining corporation plc (nyse american, aim and vfex: cmcl) (“caledonia” or the “company”) today announces that it has entered into an "at the market" or "atm" sales agreement with cantor fitzgerald & co (“cantor”) (the “atm sales agreement”), pursuant to which the company may, at its discretion from time to time, sell up to us$30,000,000 worth of shares (the “atm offering”). any sales of shares would occur by means of ordinary brokers' transactions or block trades, with sales only being made on the nyse american at market prices. caledonia expects to use the amount of any net proceeds from the sales for investment in the development of the bilboes sulphide project.
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