Caledonia Mining Corporation Plc New Significant Shareholder
Caledonia Mining Corporation Plc (CMCL) has announced that VanEck Vectors Junior Gold Miners ETF holds 473,246 shares, representing 3.90% of Caledonia's issued share capital, making it a significant shareholder per AIM rules.
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Rhea-AI Summary
Caledonia Mining Corporation Plc (CMCL) has announced that VanEck Vectors Junior Gold Miners ETF holds 473,246 shares, representing 3.90% of Caledonia's issued share capital, making it a significant shareholder per AIM rules. The Company is confirming this shareholding with VanEck and will update stakeholders as necessary. Caledonia is part of the MVIS Global Junior Gold Miners Index, which underpins various North American gold investment funds, notably the VanEck Vectors Junior Gold Miners ETF.
Positive
- VanEck holds 3.90% of Caledonia's issued share capital, signaling confidence in CMCL.
- Being part of the MVIS Global Junior Gold Miners Index provides visibility and legitimacy.
Negative
- None.
Details
News Market Reaction – CMCL
The recorded move for CMCL in the trading session of this news was +2.12%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ST HELIER, Jersey, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE American: CMCL; AIM: CMCL) announces that it has recently become aware that VanEck Vectors Junior Gold Miners ETF (“VanEck”) discloses on its website that it holds an interest in a total of 473,246 Caledonia shares which equates to
The Company has approached VanEck to seek confirmation of the shareholding disclosed on its website and will provide a further update if and when necessary.
Caledonia is a constituent of the MVIS Global Junior Gold Miners Index (GDXJ Index) which forms the basis of various passive gold sector investment funds in the North American market, the most significant being the VanEck Vectors Junior Gold Miners ETF.
For further information please contact:
| Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall | Tel: +44 1534 679 802 Tel: +44 7817 841793 |
| WH Ireland Adrian Hadden | Tel: +44 20 7220 1751 |
| Blytheweigh Tim Blythe/Megan Ray | Tel: +44 207 138 3204 |
| 3PPB Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
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