Kalimantan Gold Corporation, Ltd. plans a private placement of up to 10 million shares at 5 cents per share. No warrants are in the deal. As the news release specifies, the proceeds are to be used for gold and coal exploration in Indonesia and general working capital purposes.
Thinly-traded Kalimantan hasn't traded since Feb. 24, when it closed at 7 cents. Current bid is 2 cents, and current ask is 7.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
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