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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
04/18/201511:00:02This $20 Billion Oil Bet Looks Like It Blew Up
04/16/201509:05:03Is Oil Too Cheap for This Materials Company to Go it Alone?
04/13/201511:13:20Freeport-McMoRan: Still Feeling Bullish? I Am
04/13/201509:46:17Freeport-McMoRan lower on dueling sell-side moves
04/12/201512:43:03Why Freeport-McMoRan Incâs Stock Dropped 10.3% in March
04/09/201509:38:05Southern Copper, Overvalued, Fair-Value Price At $27
04/09/201506:09:02Stay Away From 3D Printing - Cramer's Lightning Round (4/8/15)
04/03/201507:35:50Reviewing My Decision To Purchase Freeport-McMoRan
04/02/201517:24:06Statement of Changes in Beneficial Ownership (4)
04/02/201517:24:06Statement of Changes in Beneficial Ownership (4)
04/02/201517:19:19Statement of Changes in Beneficial Ownership (4)
04/02/201517:15:22Statement of Changes in Beneficial Ownership (4)
04/02/201502:40:47First Quarter Large Cap Winners And Losers
04/01/201518:03:25Indonesia Looks to Erect Language Barrier
04/01/201518:00:21Indonesia Looks to Erect Language Barrier
03/30/201505:31:17Metals And Mining: Where The Wild Yields Are
03/28/201519:58:42Why Take An Unnecessary Risk On Freeport-McMoRan?
03/28/201508:50:02You're Making 80% Less in Dividends, Should You Keep This Loser?
03/28/201504:14:27Freeport-McMoRan: The Market Is Clearly Mistaken About This One...
03/26/201519:55:04Freeport-McMoRan Inc's Latest Mine Trouble Singles Out a Huge...

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