Kalimantan Gold raises fund to finance Kalimantan copper gold exploration

Vancouver-based junior explorer Kalimantan Gold Corporation Limited said it was proceeding with a non-brokered private placement financing of up to US$200,000 to finance the company?s ongoing exploration programs on its gold and copper prospect called Baroi located on its Contract of Work in Kalimantan, Indonesia and for working capital.

The private placement, which is subject to regulatory approval, will consist of up to 1,000,000 units at a price of US$0.20 per unit. (alex)