By Sheri Kasprzak
Atlanta, April 19 - Kalimantan Gold Corp. said it plans to raise up to C$1 million in a private placement.
The offering includes up to 5 million units at C$0.20 each.
The units include one share and one half-share warrant. The full warrants provide for an additional share at C$0.25 each for one year.
Based in Vancouver, B.C., Kalimantan is a gold, diamond and base metals exploration company. The proceeds will be used to complete the company's diamond drilling campaign at the Baroi Far East Zone.
| Issuer: | Kalimantan Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million (maximum)
|
| Units: | 5 million (maximum)
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Pricing date: | April 19
|
| Stock price: | C$0.24 at close April 19
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
