(KLG) Kalimantan Gold
Summary
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| 30-11-11 | RNS |
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FOR: KALIMANTAN GOLD CORPORATION LIMITED TSX VENTURE, AIM SYMBOL: KLG November 30, 2011 Kalimantan's Third Quarter Results 2011 VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2011) - The unaudited Interim Consolidated Financial Statements of Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) (the "Company") for the third quarter ended September 30, 2011, is available for viewing on www.sedar.com or www.kalimantan.com. The highlights of the third quarter and up to November 28, 2011 include: The Company's main activities in the three months ended September 30, 2011, were focused on obtaining the necessary permits to allow exploration to resume on the Company's KSK Contract of Work and on the Jelai Gold project both located in Kalimantan, Indonesia. On November 7, 2011, the forestry permits for the Jelai Gold project were received, so that the option agreement with Tigers Realm Minerals Pty Ltd. took effect. With the forestry permitting process now complete, camp construction will follow, allowing exploration mapping and sampling to start in early December. A drill contractor has been selected and Tigers Realm expects to be drilling by mid-December. Preparation work to begin drilling on the KSK Contract of Work has been taking place pursuant to a joint venture agreement with a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation. It is expected that drilling will commence shortly after the receipt of a forestry permit that will give the rights to the holder to carry out mineral exploration activities within the KSK CoW area. The issuance of the forestry permit is expected soon. The Company incurred a loss and comprehensive loss for the nine months ended September 30, 2011, of $1,269,377 (2010 - $736,435). Included in the loss were gross exploration costs to the Company in the nine months ended September 30, 2011, of $1,251,974 (2010 - $449,802). Of the current period expenditures, $931,751 on the KSK CoW has or will be recovered from Freeport so that the actual net costs were $120,935. It is expected that the Company's share of exploration costs on both the KSK CoW and the Jelai Gold project will decrease significantly as Freeport funds the KSK CoW costs and Tigers funds the Jelai Gold project costs going forward. The Company began the current fiscal year with $306,156 in cash. The Company used $546,053 to fund operations, expended $16,812 for the purchase of field equipment and received $1,340,528 of share proceeds (net of commission) for shares issued in 2011 and for shares issued in 2010 but not paid until January 13, 2011, to end the nine-month period with $1,086,354 in cash. FOR FURTHER INFORMATION PLEASE CONTACT: Kalimantan Gold Corporation Limited Faldi Ismail Deputy Chairman and CEO Mobile: +61 (0) 423 206 324 faldi.ismail@kalimantan.com OR Kalimantan Gold Corporation Limited Gerald Cheyne Director Corporate Development +44 (0) 20 7731 1806 or Mobile: +44 (0) 77 1747 3168 gerald.cheyne@kalimantan.com www.kalimantan.com OR Alexander David Securities Limited Bill Sharp +44 (0) 20 7448 9820 OR Alexander David Securities Limited David Scott +44 (0) 20 7448 9820 OR KLG's Nominated Adviser RFC Corporate Finance Ltd Stuart Laing +61 8 9480 2506 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. Kalimantan Gold Corporation Limited More |
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| 10-11-11 | RNS |
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FOR: KALIMANTAN GOLD CORPORATION LIMITED TSX VENTURE, AIM SYMBOL: KLG November 10, 2011 Kalimantan Gold-Jelai Forestry Permit Issued VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - Kalimantan Gold Corporation Limited (the "Company" or "KGC") (TSX VENTURE:KLG) is pleased to announce the Minister of Forestry has granted PT Jelai Cahaya Minerals a "borrow to use" exploration permit for its 100%-owned, Jelai Gold project in north eastern Kalimantan. The permit authorizes the Company to conduct exploration activities over the Mewet and 10 other of the 12 Jelai Gold prospects, comprising 4,675 hectares of the 5,000 hectare IUP and is valid for two years. This fulfills the outstanding condition for the Company's Joint Venture agreement to take effect with Tigers Realm Minerals Pty Ltd ("Tigers Realm"). As announced on February 15, 2011, pursuant to an option agreement Tigers Realm has the right to earn up to a 70% interest in the Jelai Gold project by meeting certain project expenditure obligations and completing a bankable feasibility study by June 2, 2015, the expiry of the IUP. Tigers Realm's proposed drill program expenditure is US$2m over the first 18 months with approximately 8,000m of drilling at the Mewet Prospect planned. With the forestry permitting process now complete, camp construction will follow allowing exploration mapping and sampling to start in early December. A drill contractor has been selected and Tigers Realm expects to be drilling by mid-December. "Securing the forestry permit is a significant step for KGC and the Jelai project and this demonstrates KGC's understanding and ability to work within the Indonesian regulatory environment. It also demonstrates that Indonesia's new mining and forestry regulations work. KGC and Tigers Realm are excited to commence exploration at the Jelai Gold Project," said Faldi Ismail the KGC CEO. The Mewet prospect is the Company's flagship gold project. It has a total of 126 shallow diamond drill holes totaling approximately 14,000 meters. Grid soils, surface mapping and drilling confirmed more than 6km combined strike length of low sulphidation, vein-style, epithermal, gold-silver mineralization, comprising the Mewet, Sembawang, Lipan and Nyabi veins. Previously, shallow drill holes targeted the central areas of the Mewet, Sembawang and Lipan Veins, with high grade mineralized shoots intersected at each, shown in Table 1. /T/ Table 1: Significant drilling intercepts. ------------------------------------------------------------------------- ------------------------------------------------------------------------- Hole From To Interval Au g/t Ag g/t Vein ------------------------------------------------------------------------- ------------------------------------------------------------------------- JM018 115 119.5 4.5 6.4 8 Mewet ------------------------------------------------------------------------- JM019 185.1 191.2 6.1 5.7 15 Mewet ------------------------------------------------------------------------- JCM 13 32 36.75 4.75 10.43 14 Sembawang South ------------------------------------------------------------------------- JCM 26 42 47.2 5.2 5.6 3 Sembawang Central ------------------------------------------------------------------------- JCM 27 12.5 18.45 5.95 2.15 4 Sembawang Central ------------------------------------------------------------------------- JCM 38 21.9 27.3 5.4 11.74 5 Lipan ------------------------------------------------------------------------- JCM 50 26.5 34.55 8.05 4.52 3 Lipan ------------------------------------------------------------------------- JCM 67 121 130.5 9.5 7.08 10 Mewet ------------------------------------------------------------------------- JCM 69 22.7 28.7 6 15.84 81 Mewet ------------------------------------------------------------------------- JCM 76 14.1 27 12.9 2.23 6 Mewet ------------------------------------------------------------------------- JCM 81 34.3 41.2 6.9 24.7 23 Mewet ------------------------------------------------------------------------- JCM 92 21 25 4 13.27 19 Sembawang South ------------------------------------------------------------------------- /T/ Interpretation of mineral textures in veins and comparison with models for low-sulphidation epithermal systems indicates the current level of exposure is near the top of the precious metal zone. Limited fan style drilling confirms the Mewet vein becomes thicker at depth and that mineralization extends over at least 200 meters vertically. As part of Tigers Realm due diligence, the investigative geologic team collected representative skeleton drill core samples (10cm in length) from mineralized intervals of selected holes. Assay results confirmed high grade gold and silver mineralization, and assay results are shown in Table 2. Six of the samples collected from drill core at the Mewet property were prepared and stained in Australia, to test for adularia. Results indicate that adularia is a common component of crustiform banded veins at Mewet and is associated with high grade gold mineralization (Figure 1). To view Figure 1, click on the following link: http://media3.marketwire.com/docs/k119.pdf The combination of vein textures and mineral-textural zonation and apparent overlapping of zones is promising that stacking and overprinting of various zones has occurred, and such a process can increase the total metal endowment of the vein, particularly in shoots. The metal ratios with approximately equal Au: Ag also support the concept observed in other epithermal systems that the mineralization encountered in Mewet occurs in the upper to middle part of the precious metals zone (observations also made by previous geologists, e.g. Worsley, 1999). Based on these data, Tigers Realm geologists interpret high grade shoots may have developed for at least 200 meters below the current depth of drilling, within parts of the Mewet vein system. /T/ Table 2: Assay results from skeleton core samples collected by Tigers Realm. ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Hole From To Interval TR Au g/t TR Ag g/t Sample Type Vein ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- JCM 01 21.55 24.7 3.15 5.21 3.2 DC-10cm Lipan Central ---------------------------------------------------------------------------- JCM 12 32.4 36 3.6 3.51 2.1 DC-10cm Sembawang South ---------------------------------------------------------------------------- JCM 14 35 36.5 1.5 11.9 22.3 DC-10cm Sembawang South ---------------------------------------------------------------------------- JCM 25 14 15.5 1.5 1.53 3.2 DC-10cm Sembawang Central ---------------------------------------------------------------------------- JCM 26 43.4 47.2 3.8 5.87 2.8 DC-10cm Sembawang Central ---------------------------------------------------------------------------- JCM 27 15.45 18.5 3.05 1.75 4.1 DC-10cm Sembawang Central ---------------------------------------------------------------------------- JCM 38 21.95 27.35 5.4 2.86 3.1 DC-10cm Lipan South ---------------------------------------------------------------------------- JCM 67 24.85 127.1 102.25 3.22 9.7 DC-10cm Mewet Central ---------------------------------------------------------------------------- JCM 69 24.2 27.5 3.3 10.6 43.9 DC-10cm Mewet South ---------------------------------------------------------------------------- JCM 69 52 54.85 2.85 2.94 18.7 DC-10cm Mewet South ---------------------------------------------------------------------------- JCM 72 49.4 52.9 3.5 2.12 2 DC-10cm Sembawang Central ---------------------------------------------------------------------------- JCM 81 39.8 41.2 1.4 116 69.4 DC-10cm Mewet South ---------------------------------------------------------------------------- JCM 84 81.45 82.05 0.6 9.1 59 DC-10cm Mewet South ---------------------------------------------------------------------------- JCM 89 21.9 23.25 1.35 2.95 33.9 DC-10cm Mewet North ---------------------------------------------------------------------------- JCM 92 21 25 4 28.2 42.1 DC-10cm Sembawang South ---------------------------------------------------------------------------- /T/ The Qualified Person responsible for the technical content and verification in this press release is Dr. Peter Pollard, the Company's Qualified Person. 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). For further information please visit www.kalimantan.com. To view the map accompanying this press release, click on the following link: http://media3.marketwire.com/docs/k119b.pdf About Tigers Realm Minerals (Jelai Gold Prospect) Tigers Realm Minerals is an Australian based, privately owned resources company. From its head office in Melbourne, Tigers operates globally with a core focus on gold, copper and coal. Tigers vision is to build a world class resources business by identifying, acquiring and investing in high quality minerals and energy opportunities and providing the necessary management, technical and financial support required to fully explore, evaluate and develop these assets to their full potential. The Tigers team of resource industry professionals has a reputation for delivering exceptional investment returns, most notably through the transformation of junior mineral explorer Oxiana Resources into an ASX 100 company capitalised at over $6 billion between 2000 and 2008. Tigers is currently building and exploring gold and coal portfolios in the Asian region, exploring for coal in South America and assessing a range of additional gold, copper and coal opportunities globally. For further information on Tigers please visit www.tigersrm.com.au 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. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Kalimantan Gold Corporation Limited Faldi Ismail Deputy Chairman and CEO Mobile: +61 (0) 423 206 324 faldi.ismail@kalimantan.com OR Kalimantan Gold Corporation Limited Gerald Cheyne Director Corporate Development +44 (0) 2077311806 or Mobile: +44 (0) 7717473168 gerald.cheyne@kalimantan.com OR Alexander David Securities Limited Bill Sharp / David Scott +44 (0) 20 7448 9820 OR RF Corporate Finance Ltd Stuart Laing KLG's Nominated Adviser +61 8 9480 2506 stuart@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. Kalimantan Gold Corporation Limited More |
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| 28-09-11 | RNS |
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FOR: KALIMANTAN GOLD CORPORATION LIMITED TSX VENTURE, AIM SYMBOL: KLG September 28, 2011 Kalimantan Gold Reports CEO Buys Shares VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2011) - Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) (the "Company") wishes to advise that Faldi Ismail, the Deputy Chairman and Chief Executive Officer and a director of the Company has bought 991,000 shares of the Company through the TSX Venture Exchange at a price of CDN$0.065 per share. Following this purchase, Mr Ismail now holds a total of 5,421,000 shares (3.3% of issued and outstanding) and 1,870,000 stock options in the Company. 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. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Kalimantan Gold Faldi Ismail Deputy Chairman and CEO Mobile: +61 (0) 423 206 324 faldi.ismail@kalimantan.com OR Kalimantan Gold Gerald Cheyne Director Corporate Development +44 (0) 2077311806 or Mobile: +44 (0) 7717473168 gerald.cheyne@kalimantan.com www.kalimantan.com OR Alexander David Securities Limited Bill Sharp/ David Scott +44 (0) 20 7448 9820 OR KLG's Nominated Adviser RFC Corporate Finance Ltd Stuart Laing +61 8 9480 2506 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. -0- Kalimantan Gold Corporation Limited More |
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| 26-08-11 | RNS |
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FOR: KALIMANTAN GOLD CORPORATION LIMITED TSX VENTURE, AIM SYMBOL: KLG August 26, 2011 Kalimantan's Half-Year Results 2011 VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2011) - Attached are the Condensed Consolidated Interim Financial Statements of Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) (the "Company") for the half year ended June 30, 2011 (the "Half-Year Report"). The Half-Year Report is available for viewing on www.sedar.com or www.kalimantan.com. The Half-Year Report has been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting ("IAS 34") as issued by the International Accounting Standards Board ("IASB"). The policies applied in the Half-Year Report interim financial statements are based on International Financial Reporting Standards ("IFRS") issued and outstanding as at August 25, 2011, the date the Board of Directors approved these interim financial statements for issue. Any subsequent changes to IFRS that are issued and effective as at December 31, 2011, could result in a restatement of these interim financial statements, including the transition adjustments recognized on conversion to IFRS. The highlights of the half-year and up to August 25, 2011 include: The signing of a joint venture agreement (the "Agreement") with a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation ("Freeport") in relation to the Company's KSK CoW copper project on April 18, 2011. The signing of an option agreement with Tigers Realm Minerals Pty Ltd. an Australian based, privately owned resources company on February 16, 2011, in relation to the Company's Jelai Gold project. Freeport, as the world's second largest copper producer with extensive Indonesian experience, is an exceptional and ideal partner to rapidly advance the KSK Copper Project and create value for all stakeholders. Tigers are an ideal partner to rapidly advance the Jelai Gold Project and create value for all stakeholders. They have extensive experience in Indonesia across exploration, project development, and mine operations, a skilled team able to rapidly explore and develop projects and Tigers' board and management team have a strong track record in raising capital globally. Tigers share the Company's commitment to building a sustainable relationship with the local communities. On April 21, 2011, the board of directors of the Company appointed Faldi Ismail to the post of Deputy Chairman and Chief Executive Officer to replace Rahman Connelly in that position. Mr. Connelly successfully negotiated joint venture agreements on the Company's two main assets - the Jelai Gold project and the KSK CoW. The Company is very grateful to Mr. Connelly for his time and efforts over his tenure in this position and is glad of his willingness to stay on as a director and remain involved with the Company. Mr. Ismail joined the Company as a director in September 2009. Mr. Ismail has specialized in the restructure and recapitalization of a wide range of Australian Securities Exchange ("ASX") listed companies. He has also been instrumental in establishing a number of new listings on the ASX (with a specific focus in the resources sector) and has been very active in the Indonesian resources sector over the past years. Mr. Ismail, like Mr. Connelly, resides in Australia where he is currently a director of several ASX-Listed resource companies. Mr. Ismail's energy will be called upon to guide the Company through this next new and exciting phase of the Company's life of investigating new property and acquisition opportunities while overseeing the management of the work programs on the Company's Jelai Gold project by Tigers and the KSK CoW porphyry copper/gold project by Freeport. Since assuming the role of CEO, Mr. Ismail has increased his ownership of the Company by purchasing 1,000,000 common shares of KLG in the market, so that his total holdings in KLG is now 4,430,000 shares (2.7% of the Company). For further information please visit: www.kalimantan.com KALIMANTAN GOLD CORPORATION LIMITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited - In United States Dollars) ---------------------------------------------------------------------------------------------------- June 30, December 31, January 1, 2011 2010 2010 ---------------------------------------------------------------------------------------------------- ASSETS Current assets Cash $ 838,821 $ 306,156 $ 481,004 Share subscription receivable - 997,595 - Trade and other receivables 251,637 30,427 109,045 ------------------------------------------- 1,090,458 1,334,178 590,049 Non-current assets Security deposit 25,849 25,165 24,414 Government deposit and receivable 64,345 61,618 - Property, plant and equipment 18,215 24,968 66,169 ------------------------------------------- $ 1,198,867 $ 1,445,929 $ 680,632 ---------------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Trade and other payables $ 637,539 $ 708,578 $ 523,053 Promissory note - - 95,147 ------------------------------------------- 637,539 708,578 618,200 Non-current liabilities Provision for employee service entitlements 77,100 79,694 55,346 ------------------------------------------- 714,639 788,272 673,546 ------------------------------------------- Shareholders' equity Share capital 1,624,564 1,599,564 1,305,964 Equity reserves 24,865,582 24,063,393 22,527,806 Deficit (26,005,918) (25,005,300) (23,826,684) ------------------------------------------- 484,228 657,657 7,086 ------------------------------------------- $ 1,198,867 $ 1,445,929 $ 680,632 ---------------------------------------------------------------------------------------------------- KALIMANTAN GOLD CORPORATION LIMITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS (Unaudited - In United States Dollars) three months ended six months ended ---------------------------------------------------------------------------------------------------- June 30, 2011 June 30, 2010 June 30, 2011 June 30, 2010 (Note 18) (Note 18) ---------------------------------------------------------------------------------------------------- Expenses Accounting and audit $ - $ 2,455 $ 806 $ 7,073 Consultants 69,581 51,198 141,499 111,619 Directors fees 6,000 6,000 12,000 12,000 Exploration costs 75,152 122,231 250,648 278,472 Investor relations 467 (411) 1,651 1,217 Legal 11,623 3,145 53,623 5,900 Management fees (22,367) - (22,367) - Office and administrative services 6,233 5,661 10,818 10,670 Stock-based compensation 463,250 - 463,250 - Telephone and facsimile 310 700 1,780 2,114 Transfer agent, filing and exchange fees 36,647 22,518 69,657 43,738 Travel and accommodation 31,146 2,269 40,730 8,376 ---------------------------------------------------------- 678,042 215,766 1,024,095 481,179 ---------------------------------------------------------- Other items Foreign exchange gain (3,042) 9,894 (23,168) 9,695 Interest income (151) 5 (309) (6) ---------------------------------------------------------- (3,193) 9,899 (23,477) 9,689 ---------------------------------------------------------- Loss and comprehensive loss for the period attributable to shareholders of the Company $ 674,849 $ 225,665 $ 1,000,618 $ 490,868 ---------------------------------------------------------------------------------------------------- Basic and diluted loss per common share $ (0.00) $ (0.00) $ (0.01) $ (0.00) ---------------------------------------------------------------------------------------------------- Weighted average number of shares outstanding 164,445,618 133,547,156 163,680,637 133,547,156 ---------------------------------------------------------------------------------------------------- KALIMANTAN GOLD CORPORATION LIMITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited - In United States Dollars) three months ended six months ended ---------------------------------------------------------------------------------------------------- June 30, 2011 June 30, 2010 June 30, 2011 June 30, 2010 (Note 18) (Note 18) ---------------------------------------------------------------------------------------------------- Cash provided from (used for): Operating activities Loss for the period $ (674,849) $ (225,665) $ (1,000,618) $ (490,868) Adjustment for non-cash items: Depreciation 5,816 11,271 16,699 22,734 Stock-based compensation 463,250 - 463,250 - Unrealized foreign exchange loss 21,202 5,401 23,115 7,974 Changes in non-cash working capital: Trade and other receivables (120,981) 2,529 (223,937) (15,552) Trade and other payables 179,376 (90,255) (51,125) (132,383) Provision for employee service entitlements (4,858) 5,555 (4,858) (380) ---------------------------------------------------------- (131,044) (291,164) (777,474) (608,475) ---------------------------------------------------------- Investing activities Purchase of property, plant and equipment (3,176) (572) (9,946) (744) ---------------------------------------------------------- (3,176) (572) (9,946) (744) ---------------------------------------------------------- Financing activities Promissory Note - (95,147) - (95,147) Share subscriptions received (996,503) 520,971 - 520,971 Share issues 1,360,442 - 1,360,442 - Share issue costs - - (19,914) - ---------------------------------------------------------- 363,939 425,824 1,340,528 425,824 ---------------------------------------------------------- Unrealized foreign exchange (loss) on cash (20,443) (9,894) (20,443) (9,695) ---------------------------------------------------------- Increase (decrease) in cash 209,276 124,194 532,665 (193,090) Cash, beginning of period 629,545 163,720 306,156 481,004 ---------------------------------------------------------- Cash, end of period $ 838,821 $ 287,914 $ 838,821 $ 287,914 ---------------------------------------------------------------------------------------------------- KALIMANTAN GOLD CORPORATION LIMITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY (Unaudited - In United States Dollars) ---------------------------------------------------------------------------------------------------- Number of shares Amount Reserves Deficit Total ---------------------------------------------------------------------------------------------------- Balance, January 1, 2010 133,547,156 $ 1,305,964 $ 22,527,806 $ (23,826,684) $ 7,086 Share issues - - - - - Net loss and comprehensive loss - - - (490,868) (490,868) --------------------------------------------------------------------------- Balance, June 30, 2010 133,547,156 1,305,964 22,527,806 (24,317,552) (483,782) Share issues 29,360,000 293,600 1,599,167 - 1,892,767 Share issue costs - - (63,580) - (63,580) Net loss and comprehensive loss - - - (687,748) (687,748) --------------------------------------------------------------------------- Balance, December 31, 2010 162,907,156 1,599,564 24,063,393 (25,005,300) 657,657 Share issues 2,500,000 25,000 338,939 - 363,939 Stock-based compensation - - 463,250 - 463,250 Net loss and comprehensive loss - - - (1,000,618) (1,000,618) --------------------------------------------------------------------------- Balance, June 30, 2011 165,407,156 $ 1,624,564 $ 24,865,582 $ (26,005,918) $ 484,228 ---------------------------------------------------------------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: Kalimantan Gold Corporation Limited Faldi Ismail Deputy Chairman and CEO Mobile: +61 (0) 423 206 324 faldi.ismail@kalimantan.com OR Kalimantan Gold Corporation Limited Gerald Cheyne Director Corporate Development +44 (0) 2077311806 or Mobile: +44 (0) 7717473168 gerald.cheyne@kalimantan.com www.kalimantan.com OR Alexander David Securities Limited Bill Sharp / David Scott +44 (0) 20 7448 9820 OR KLG's Nominated Adviser RFC Corporate Finance Ltd Stuart Laing +61 8 9480 2506 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. Kalimantan Gold Corporation Limited More |
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| 26-01-12 | ||||
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KNEES, We are all here in the dark until the light has been turned on. Permits for KsK should come very soon and news on drilling for the Jelai gold project. Then full steam ahead. I know its frustrating but we will get our day sooner or later.
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| 26-01-12 | ||||
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i feel in the dark here, and today we are 12% ish
anyone a clue ? |
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| 26-12-11 | ||||
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sorry, 'still hold firm to my belief that, after horrific losses.......'
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| 26-12-11 | ||||
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sorry, 'still hold firm to my believe that, after horrific losses.......'
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