Kalimantan Gold (V.KLG.U) Message Board

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Gold/Mining/Energy : Kalimantan Gold (V.KLG.U)

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To: Bobby Yellin who wrote (37)	5/6/1997 8:46:00 PM
From: Don Billins	of 43

Hi Bobby, Insider buying 2 million shares should get this stock moving again! 2m share private placement at US$0.25 Kalimantan Gold Corporation KLG.U Shares issued 10,671,874 May 5 close $0.30 Tue 6 May 97 News Release Mr Raynard von Hahn reports The company has arranged a US$500,00, two million share private placement in the company. This placement will be taken up by the company's major shareholder, Kalimantan Investment. The private placement, which remains subject to regulatory approval, will consist of two million shares at US$0.25 each. There are no warrants as part of this placement. The proceeds of the placement will be used, together with funds on hand, to finance the company's exploration and drilling program. The company views this investment by the company's controlling shareholder as a strong endorsement of both the company's prospects and the mining potential in Indonesia. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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