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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
03/22/201701:29:00Freeport Indonesia Resumes Copper Concentrate Production, But...
03/21/201714:47:00Metals: Copper Falls as Supply Concerns Diminish
03/21/201711:40:00Correction to Freeport Indonesia Story (on March 18)
03/21/201708:09:00Copper Falls as Supply Concerns Diminish
03/18/201707:29:00Freeport's Dispute With Indonesia Is Hitting Output From Giant...
03/13/201716:10:00Metals: Weaker Dollar and Mine Strikes Lift Copper
03/13/201708:25:00Metals Advance Ahead of U.S. Rates Decision
03/02/201707:06:00Metals Pull Back as Dollar Climbs
02/28/201707:17:00Copper Pulls Back Ahead of Trump's Address
02/27/201706:52:00Copper Gains as Supply Tightens
02/24/201713:13:22Annual Report (10-k)
02/24/201706:40:00Copper Gains on Weak Dollar, Supply Worries
02/23/201707:09:00Copper Falls on Weak Demand
02/22/201706:25:00Copper Pulls Back Ahead of Fed Minutes
02/21/201706:57:17Current Report Filing (8-k)
02/21/201706:24:00Copper Pulls Back as Dollar Strengthens
02/20/201711:28:00Freeport-McMoRan Won't Accept Terms of Indonesia's Permit Deal...
02/20/201711:04:00Freeport-McMoRan Won't Accept Terms of Indonesia's Permit Deal...
02/20/201710:52:00Freeport-McMoRan Refuses Indonesia's Permit Deal
02/20/201709:28:00Freeport-McMoRan Updates Status of PT Freeport Indonesia Operations

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