Last checked at 3 Jul 2014 07:00
Kalimantan’s AGM results
Vancouver, BC – Kalimantan Gold Corporation Limited ("KLG" or the “Company”) is pleased to announce that its shareholders voted in favour of all resolutions brought before them at the Company’s Annual General and Special Meeting of Shareholders held June 18, 2014 (the “AGM”) in Vancouver.
Existing KLG directors Peter Pollard, Faldi Ismail, Doris Meyer and Stephen Hughes were re-elected to the Company’s Board of Directors for the ensuing year and Raynard von Hahn was elected as a new director of the Company, effective immediately. Pudji Purbo did not stand for re-election at the meeting and the Board takes this opportunity to thank her for her contribution and service to the Company while she was a director.
Also at the AGM, Ernst & Young LLP were appointed as the Company’s auditors for the 2014 fiscal year, the stock option plan was renewed and a share consolidation of up to three old shares for one new share was approved. The share consolidation resolution, which is subject to the approval of the TSX Venture Exchange, provides the directors with sole and exclusive authority to determine whether the share consolidation should be acted upon and discretion to amend the consolidation ratio as deemed appropriate (provided that the consolidation ratio does not exceed 3:1).
As noted above, at the AGM the board of directors nominated Mr. Raynard Andreas Edmund Nicolai von Hahn (55 years of age) as an independent, non-executive director of KLG. Mr. von Hahn is a practicing securities lawyer in British Columbia and was called to the bar in British Columbia in 1993. Mr. von Hahn is currently a director of Genesis Law Corporation and Dunsmuir Ventures Inc., and was previously the CEO of Aerocast Inc. until July 2012. Mr. von Hahn holds a total of 37,994 shares in KLG (0.02%) (24,000 shares are held directly and 13,994 are held by his wife).
There are no other matters in relation to Mr. von Hahn’s appointment that require disclosure under the AIM Rules for Companies, pursuant to Rule 17 and Schedule Two.
-Ends-
| Faldi Ismail |
| Deputy Chairman and CEO, Kalimantan Gold |
| Mobile: +61 (0) 423 206 324 |
| Email: faldi.ismail@kalimantan.com |
| Gerald Cheyne |
| Director Corporate Development |
| Telephone: +44 (0) 2077311806 |
| Mobile: +44 (0) 7717473168 |
| Email: gerald.cheyne@kalimantan.com |
| VSA Capital Limited |
| Andrew Raca / Justin McKeegan |
| Telephone: +44 20 3005 5004 / +44 20 3005 5009 |
| Email: araca@vsacapital.com |
| KLG's Nominated Adviser |
| RFC Ambrian Limited |
| Andrew Thomson / Trinity McIntyre |
| Telephone: +61 8 9480 2500 |
| Email: 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, Indonesia: the Jelai epithermal gold project in East Kalimantan and the KSK Contract of Work in Central Kalimantan with potential for 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.
Copyright Business Wire 2014