Kalimantan Gold Completes C$661,750 Private Placement

- July 20th, 2010

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.

Click here to access the entire press release

Click here to access Kalimantan Gold Corporate Site

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