Caledonia Mining Corporation Plc: John McGloin Steps Down as a Non-Executive Director

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced the resignation of John McGloin as a non-executive director, effective immediately. His departure comes as he takes on the role of CEO at Diamond Fields Resources Inc. Chairman Leigh Wilson acknowledged McGloin's contributions since joining in July 2016, particularly in exploring new opportunities utilizing his technical and geological expertise. The company expressed best wishes for his future endeavors.

Positive

• John McGloin contributed significantly since July 2016, enhancing Caledonia's exploration efforts.

Negative

• The resignation of a non-executive director may create uncertainty in the leadership structure.

ST HELIER, Jersey, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that John McGloin has resigned as a non-executive director with effect from today, to focus on his new role as Chief Executive Officer at Diamond Fields Resources Inc.

Leigh Wilson, Chairman, commented:

“Caledonia’s Board would like to thank John for his contribution since joining in July 2016.  John has made a significant contribution to Caledonia’s development – particularly in Caledonia’s evaluations of new exploration opportunities where his technical and geological skills and experience have proved invaluable.   

“I wish him every success in his new endeavour as CEO of Diamond Fields Resources.”

Enquiries

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 802 Tel: +44 7817 841793
WH Ireland Adrian Hadden/ Andrew De Andrade	Tel: +44 20 7220 1751
Blytheweigh Financial PR Tim Blythe/Megan Ray	Tel: +44 207 138 3204
3PPB Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

FAQ

What is the recent announcement from Caledonia Mining Corporation regarding John McGloin?

Caledonia Mining Corporation announced that John McGloin has resigned as a non-executive director to become the CEO of Diamond Fields Resources Inc.

When did John McGloin resign from Caledonia Mining Corporation?

John McGloin resigned effective February 28, 2022.

What impact might John McGloin's resignation have on Caledonia Mining Corporation’s operations?

His resignation may lead to uncertainties in the leadership and strategic direction of Caledonia Mining Corporation.

How long did John McGloin serve at Caledonia Mining Corporation?

John McGloin served at Caledonia Mining Corporation from July 2016 until his resignation in February 2022.

What is the stock symbol for Caledonia Mining Corporation?

The stock symbol for Caledonia Mining Corporation is CMCL.