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Kalimantan Gold Corporation Limited (TSX VENTURE: KLG)(AIM: KLG) announced that it has raised C$661,750 from a non-brokered private placement financing announced on April 22, 2010, involving the issue of 13,235,000 common shares at a price of C$0.05 per share.
Kalimantan Gold Corporation Limited (TSX VENTURE: KLG)(AIM: KLG) announced that it has raised C$661,750 from a non-brokered private placement financing announced on April 22, 2010, involving the issue of 13,235,000 common shares at a price of C$0.05 per share.
The press release is quoted as saying:
The Company intends to use the proceeds to fund its ongoing copper and gold exploration projects, as well as general working capital purposes.