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Kalimantan Gold Corp To Raise GBP0.3M In Private Placing

LONDON -(Dow Jones)- London and Canada-listed gold miner Kalimantan Gold Corp. Ltd. (KLG.V) said Tuesday it expects to raise GBP300,000 in a private share placing after investors committed to take up 6,000,000 shares at a price of 5 pence a share. It expects the money to fund its ongoing programs in Indonesia. It noted that the proceeds of the placement, combined with the funds on hand, provides Kalimantan with sufficient working capital to fund operations for 2012 and beyond. Kalimantan has two exploration projects in the Kalimantan region of Indonesia; the Jelai epithermal gold project in East Kalimantan--optioned to Tigers Realm Metals; and the KSK Contract of Work in Central Kalimantan with multiple copper and gold prospects--optioned to a subsidiary of Freeport-McMoRan Exploration Corp. In London, shares closed Friday at 5.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
05/28/201510:05:02TEV: Using Total Enterprise Value to See the Bigger Picture
05/21/201517:57:00Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201513:45:19Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/15/201500:01:28Indonesia's Widodo Puts Development Spotlight on Remote Papua
05/08/201514:20:31Quarterly Report (10-q)
05/05/201514:00:115 Things Freeport McMoRan Inc's Management Wants You to Know
04/30/201503:37:35Argus Raises Freeport-McMoRan Price Target to $27.00 (FCX)
04/28/201503:37:06Morgan Stanley Upgrades Freeport-McMoRan to Overweight (FCX)
04/27/201517:10:40MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed...
04/27/201516:58:13MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed...
04/27/201506:17:11Additional Proxy Soliciting Materials (definitive) (defa14a)
04/27/201506:16:53Proxy Statement (definitive) (def 14a)
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201510:30:20Freeport-McMoRan Price Target Raised to $24.00 at Citigroup Inc...
04/24/201507:43:41Freeport-McMoRan's Buy Rating Reiterated at Nomura (FCX)
04/24/201507:13:13Freeport-McMoRan Stock Rating Lowered by Clarkson Capital (FCX)
04/23/201516:13:46Freeport-McMoRan Swings to a Loss--Update
04/23/201514:03:46Current Report Filing (8-k)
04/23/201513:13:56Freeport-McMoRan Reports Loss on Hit From Oil Assets

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