Kalimantan Gold Completes C$661,750 Private Placement
20 Juillet 2010 - 8:00AM
Marketwired
Kalimantan Gold Corporation Limited (the "Company") (TSX VENTURE:
KLG)(AIM: KLG) is pleased to announce that it has raised C$661,750
from a non-brokered private placement financing announced on April
22, 2010, involving the issue of 13,235,000 common shares at a
price of C$0.05 per share. The common shares issued are restricted
from trading through the TSX Venture Exchange until November 20,
2010.
The Company intends to use the proceeds to fund its ongoing
copper and gold exploration projects, as well as general working
capital purposes.
About Kalimantan Gold
Kalimantan Gold Corporation Limited is a junior exploration
company listed on both the TSX Venture Exchange in Canada and on
AIM in London. The Company has two exploration projects in
Kalimantan: the Jelai epithermal gold prospect in East Kalimantan
and a Contract of Work in Central Kalimantan with multiple porphyry
copper and gold prospects.
RFC Corporate Finance Ltd acts as KLG's Nominated Adviser for
the purposes of its AIM listing, contact Stuart Laing, ph: +618
9480 2506 or email: stuartl@rfc.com.au.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kalimantan Gold Corporation Limited Rahman Connelly
Chief Executive Officer +61 418116955 Kalimantan Gold Corporation
Limited Gerald Cheyne Corporate Development +44 (0) 207 731 1806
www.kalimantan.com Alexander David Securities Limited Bill Sharp /
David Scott +44 (0) 20 7448 9820
(TSXV:KLG)
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