By Devika Patel
Knoxville, Tenn., April 22 - Kalimantan Gold Corp. Ltd. said it plans a C$1 million non-brokered private placement of stock.
The company will sell 20 million common shares at C$0.05 each.
Proceeds will be used for ongoing programs in Indonesia and for general working capital purposes.
Kalimantan Gold is a White Rock, B.C.-based mineral explorer.
| Issuer: | Kalimantan Gold Corp. Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Shares: | 20 million
|
| Price: | C$0.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 22
|
| Stock symbol: | TSX Venture: KLG
|
| Stock price: | C$0.06 at close April 21
|
| Market capitalization: | C$7.29 million
|
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