Kalimantan Gold Appoints Commissioner to Subsidiary
July 05 2011 - 1:00AM
Marketwired
Kalimantan Gold Corporation Limited (the "Company") (TSX VENTURE:
KLG)(AIM: KLG) is pleased to announce the appointment of Mr.
Bambang Setiawan as Commissioner (a senior advisor) to the Board of
PT Kalimantan Surya Kencana ("KSK"), a wholly owned Indonesian
subsidiary of the Company which holds the KSK Contract of Work.
Mr. Bambang Setiawan is a former Director General of the
Department of Mines and Energy in Indonesia. Mr. Setiawan's deep
local knowledge and experience both within the government and the
mining industry in Indonesia is a welcomed addition to
strengthening KSK's expertise in government relations and the board
of KSK. Mr. Setiawan received his Ph.D in Geology and Mining
Exploration from The Ecole Nationale Superieure Des Mines de Paris,
France, in 1993. Mr. Setiawan spent 30 years at the Department of
Mines and Energy before joining KSK.
In conjunction with this appointment, the Company has granted
200,000 five year share purchase options, at an exercise price of
C$0.07 per share.
About Kalimantan Gold
Kalimantan Gold Corporation Limited is a junior exploration
company listed on both the TSX Venture Exchange in Canada and on
AIM in London. The Company has two exploration projects in
Kalimantan: the Jelai epithermal gold project in East Kalimantan
(which is optioned to Tigers Realm Minerals) and the KSK Contract
of Work in Central Kalimantan with multiple porphyry copper and
gold prospects (which is optioned to a wholly owned subsidiary of
Freeport-McMoRan Exploration Corporation).
RFC Corporate Finance Ltd acts as KLG's Nominated Adviser for
the purposes of its AIM listing, contact Stuart Laing, ph: +618
9480 2506 or email: stuartl@rfc.com.au.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kalimantan Gold Corporation Limited Faldi Ismail
Deputy Chairman and CEO Mobile: +61 (0) 423 206 324
faldi.ismail@kalimantan.com Kalimantan Gold Corporation Limited
Gerald Cheyne Director Corporate Development +44 (0) 2077311806 or
Mobile: +44 (0) 7717473168 gerald.cheyne@kalimantan.com
www.kalimantan.com Alexander David Securities Limited Bill Sharp/
David Scott +44 (0) 20 7448 9820
(TSXV:KLG)
Historical Stock Chart
From May 2024 to Jun 2024
(TSXV:KLG)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More Kalimantan Gold Corporation Limited News Articles