By Sheri Kasprzak
Atlanta, April 19 - Kalimantan Gold Corp. said it plans to raise up to C$1 million in a private placement.
The offering includes up to 5 million units at C$0.20 each.
The units include one share and one half-share warrant. The full warrants provide for an additional share at C$0.25 each for one year.
Based in Vancouver, B.C., Kalimantan is a gold, diamond and base metals exploration company. The proceeds will be used to complete the company's diamond drilling campaign at the Baroi Far East Zone.
Issuer: | Kalimantan Gold Corp.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$1 million (maximum)
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Units: | 5 million (maximum)
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Price: | C$0.20
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Warrants: | One half-share warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.25
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Pricing date: | April 19
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Stock price: | C$0.24 at close April 19
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