Kalimantan Gold Board Changes
April 16 2014 - 1:00AM
Business Wire
Kalimantan Gold Corporation Limited (the “Company” or “KLG”) is
pleased to announce that it has appointed Stephen Hughes as an
independent, non-executive director of the Company, to be effective
April 15, 2014.
Stephen Gregory Hughes (aged 43), is a geologist with over 20
years technical and management experience in copper-gold
exploration and open pit and underground mine geology. He is
recognized in Indonesia as a leading expert on copper-gold systems,
and has evaluated more than 30 copper-gold deposits across
Indonesia and the Philippines. His experience includes 12 years
with Freeport-McMoRan Copper & Gold, managing their regional
exploration activities and underground mine geology group, and he
was also involved in the Grasberg open pit mine geology operations.
He joined Oxiana Limited / OZ Minerals as Exploration Manager in
2007, focused on growing the company through exploration and
acquisition of advanced copper-gold opportunities in Indonesia.
Stephen is currently based in Jakarta Indonesia, as a key member of
the Tigers Realm Group’s copper-gold management team, where he is
responsible for identifying, acquiring and developing high quality
mineral resource and energy assets. Mr. Hughes is currently a
director of PT Emas Mineral Murni, a private Indonesian mining and
exploration company. He has not held any other directorships or
partnership positions in the last 5 years.
“Steve’s significant credibility as an expert in the geological
environment of the Company will make him an invaluable member of
the board of directors at this critical time in the Company’s
development,” commented Mr. Faldi Ismail, CEO, KLG.
Mr. Hughes owns 188,000 shares of KLG.
There are no other matters in relation to Mr. Hughes appointment
that require disclosure under the AIM Rules for Companies, pursuant
to Rule 17 and Schedule Two.
The Company also wishes to announce that Mr. Peter Bojtos leaves
the board effective April 15, 2014, having resigned as an
independent, non-executive director of KLG. The Company sincerely
thanks Mr. Bojtos for his valued contributions to KLG and wishes
him well in the future.
For further information please contact:
Faldi IsmailDeputy Chairman and CEO, Kalimantan
GoldMobile: +61 (0) 423 206 324Email:
faldi.ismail@kalimantan.com
Gerald CheyneDirector Corporate DevelopmentTelephone: +44
(0) 2077311806Mobile: +44 (0) 7717473168Email:
gerald.cheyne@kalimantan.com
VSA Capital LimitedAndrew Raca / Justin
McKeeganTelephone: +44 20 3005 5004 / +44 20 3005 5009Email:
araca@vsacapital.com
KLG's Nominated AdviserRFC Ambrian LimitedAndrew Thomson
/ Trinity McIntyreTelephone: +61 8 9480 2500Email:
andrew.thomson@rfcambrian.com / trinity.mcintyre@rfcambrian.com
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
and the KSK Contract of Work in Central Kalimantan with multiple
porphyry copper and gold prospects. For further information please
visit www.kalimantan.com
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.
This news release contains forward-looking statements that are
based on the Company’s current expectations and estimates.
Forward-looking statements are frequently characterized by words
such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate”, “suggest”, “indicate” and other similar
words or statements that certain events or conditions “may” or
“will” occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
Faldi IsmailDeputy Chairman and CEO, Kalimantan
GoldMobile: +61 (0) 423 206 324Email:
faldi.ismail@kalimantan.comorGerald CheyneDirector Corporate
DevelopmentTelephone: +44 (0) 2077311806Mobile: +44 (0)
7717473168Email: gerald.cheyne@kalimantan.comorVSA Capital
LimitedAndrew Raca / Justin McKeeganTelephone: +44 20 3005 5004
/ +44 20 3005 5009Email: araca@vsacapital.comorKLG's Nominated
AdviserRFC Ambrian LimitedAndrew Thomson / Trinity
McIntyreTelephone: +61 8 9480 2500Email:
andrew.thomson@rfcambrian.com / trinity.mcintyre@rfcambrian.com
(TSXV:KLG)
Historical Stock Chart
From Apr 2024 to May 2024
(TSXV:KLG)
Historical Stock Chart
From May 2023 to May 2024