LONDON (Thomson Financial) - Caledon Resources PLC said it plans to place up to 15 mln stg in unsecured convertible loan

The company said it will use the proceeds to finance the payment of the next instalment related to the Minyango acquisition, to accelerate capital expenditure on the continuing development of the Cook Mine and coal wash plant and for additional working capital.

The offer is expected to close on Nov 8.

Source :- google.news.com