Kalimantan Gold closes private placement

1 minute read
01 June 2015

On 2 June 2015, Kalimantan Gold Corporation Limited announced that it had closed a brokered private placement having issued and settled through CREST 108,443,747 common shares at a price of £0.012 per share for total gross proceeds of approximately £1.3 million (equivalent to approximately $2.5 million).

The participating investors include clients of the company's UK broker agents, VSA Capital Limited and Optiva Securities Limited.

The placement shares will be fully paid and will rank pari passu in all respects with the existing common shares in the company. Application was made for the placement shares to be admitted to trading on AIM and to be listed on the TSX Venture Exchange. Admission became effective on 3 June 2015.

Susan Johnston advised the broker agents with respect to this transaction.

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