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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
06/24/201608:02:06Current Report Filing (8-k)
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf
06/22/201616:05:13Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/09/201616:38:39Current Report Filing (8-k)
06/03/201617:37:19Statement of Changes in Beneficial Ownership (4)
06/03/201617:37:19Statement of Changes in Beneficial Ownership (4)
06/03/201617:37:19Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:53Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:53Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:53Statement of Changes in Beneficial Ownership (4)
06/03/201617:36:27Statement of Changes in Beneficial Ownership (4)
05/31/201616:23:35Current Report Filing (8-k)
05/31/201610:28:00Freeport-McMoRan Completes Sale of 13% Interest in Morenci Mine...
05/26/201612:46:46Specialized Disclosure Report (sd)
05/24/201606:03:27Current Report Filing (8-k)
05/22/201622:22:00China Molybdenum to Raise Up to CNY18 Billion Via Share Placement...
05/20/201618:20:00Freeport-McMoRan Won't Take Oil-and-Gas Business Public
05/20/201618:16:00Freeport-McMoRan Formally Cancels Plans to Take Oil-and-Gas Business...
05/16/201608:39:03Current Report Filing (8-k)
05/16/201608:37:17Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)

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