Kalimantan gold commences trading shares on AIM

Vancouver-based junior explorer Kalimantan Gold Corporation Limited with copper and gold concession in Kalimantan, announced Wednesday that it has listed on the London AIM market.

The AIM listing is designed to help broaden Kalimantan Gold's shareholder base, offer investors in the UK and European markets easier access to the company`s securities and improve the company's position with regard to future capital raisings, the company said.

Kalimantan Gold is already listed on the TSX Venture Exchange.

The company has exploration rights over two distinct areas: the Jelai-Mewet gold-silver prospects in East Kalimantan and the KSK copper-gold prospects in Central Kalimantan, where highly encouraging drill results to date indicate the potential for a world class deposit.

Kalimantan Gold recently signed a Heads of Agreement with Australian copper and gold miner Oxiana Ltd which will initially spend US$2.5 million on further exploration work on KSK. Under the agreement, Oxiana will have the option to take the projects to a bankable feasibility study, by which time it will have spent an estimated US$37.5 million for a 66.67% stake.

The company's shares will continue to be listed on the TSX Venture Exchange. (alex)