| ||Wed Aug 1, 2012|
| ||Kalimantan Gold Corporation Limited ("KLG") is pleased to announce the appointment of Francis Xavier De Souza as an independent non-executive director to KLG. In addition, Mr De Souza has been appointed to the audit committee of KLG.|
Mr De Souza (aged 34) is a highly regarded finance professional, who has a Bachelor of Commerce from Curtin University in Western Australia and has 12 years' experience in financial services, especially in corporate advisory and equity markets. Mr De Souza's business experience has included equity structured sales and trading (at Citigroup), mergers and acquisitions, asset divestments, equity and hybrid financing, corporate business development and project evaluation across a range of mineral commodities.
He is a founder and director of Otsana Capital Ltd, a private boutique advisory firm specialising in mergers and acquisitions, capital raisings, Initial Public Offerings and corporate restructuring. Mr De Souza is also currently a Director of ASX listed Epic Resources Ltd, Conto Resources Ltd and Emergent Resources Ltd, all junior exploration companies with projects in Australia.
For further information please contact:
Deputy Chairman and CEO, Kalimantan Gold
Mobile: +61 (0) 423 206 324
Director Corporate Development
Telephone: +44 (0) 2077311806
Mobile: +44 (0) 7717473168
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 Metals Pty Ltd) 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
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.
You can view the Next Press Releases item: Tue Aug 28, 2012, Kalimantan's Half-Year Results 2012
You can view the Previous Press Releases item: Wed Jun 13, 2012, Kalimantan Gold appoints VSA Capital as Broker
You can return to the main Press Releases page, or press the Back button on your browser.