Caledonia Mining Corporation has announced that it has recently become aware that VanEck Vectors Junior Gold Miners ETF has interests in 3.90% of its shares.
VanEck Vectors Junior Gold Miners ETF announced on its website that it holds an interest in a total of 473,246 Caledonia shares which equates to 3.90% of the issued share capital of Caledonia.
This deems VanEck as a significant shareholder of Caledonia Mining Corporation (as defined by the AIM Rules for Companies).
Currently, Caledonia has consulted VanEck pertaining to the announcement and will provide further information if need be.
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.
VanEck Vectors Gold Miners ETF is an exchange-traded fund that gives investors exposure to gold mining companies.
The fund was established in May 2006 and trades on the NYSE Arca exchange. It is composed of 53 companies with $15.1 billion in total assets as of April 22, 2021.