Caledonia raised the funds through the sale of 597,963 shares at market price to US financial services company Cantor Fitzgerald & Co.
The company plans to develop a 19.
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Toronto-based gold producer Caledonia Mining has raised US$13 million for the construction of a solar power plant to supply electricity to its Blanket mine in Zimbabwe.
Caledonia raised the funds through the sale of 597,963 shares at market price to US financial services company Cantor Fitzgerald & Co.
The company plans to develop a 19.
Miner wants to significantly reduce the risk to the mine of any further deterioration in the grid.