Zimbabwe s new bourse draws listing interest from foreign miner
News24
09 Jul 2021, 04:13 GMT+10
Caledonia Mining, Zimbabwe s second-largest gold producer by volume, has begun the process for listing on the country s new bourse, which trades exclusively in US dollars.
The listing planned for this year will be the first by a foreign-owned mining company on the Victoria Falls Exchange, or VFEX. It is contingent on market conditions and improved payments in US dollars for gold produced at the Jersey-based mineral exploration and development company s Blanket gold mine in the southwest of the country, it said in a statement.
The company seeks to raise $3 million by the placing of depositary receipts that will be used for general corporate purposes, it said.
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