15 Apr 2013 07:00
Kalimantan Gold Corporation Limited (the "Company" or “KLG”) is pleased to announce the appointment of Mrs Pudji Wahjuni Purbo as an independent non-executive director of the Company. In addition Mrs Purbo has been appointed to the audit committee of KLG.
“The Company is extremely fortunate to have attracted a new director of such a high calibre. Mrs Purbo’s specialist legal expertise and resource experience in Indonesia is a great asset to the Company in the rapidly evolving Indonesian legal and regulatory framework we face today,“ commented Mr Faldi Ismail, CEO, KLG.
Mrs Purbo was an associate at Makarim and Taira S. one of the premier law firms in Indonesia where she was a partner from 2002 until 2012. Amongst her clients she represented major multinational mining companies in Indonesia. Mrs Purbo was educated at Fordham School of Law, Fordham University, New York, USA, 1999; and Universitas Indonesia, Jakarta, Indonesia, 1984. She is a member of PERADI (the Indonesian Association of Indonesian Lawyers).
As a specialist in natural resource law in Indonesia, particularly energy, mining and oil & gas, Mrs Purbo also has experience in project finance, merger, acquisitions, corporate and commercial law. She is a member of Masyarakat Ketenagalistrikan Indonesia (MKI, Indonesian Electrical Power Society) where she was Chairperson of Legal & Regulatory Advocacy. She is now a member of the Advisory Council and Board of Experts of MKI. She also co-founded Forum Hukum Energi in 2005 a forum for discussions between legal professionals and the government.
Mrs Purbo is now on a leave of absence from Makarim & Taira S. to accompany her husband to his post as the Indonesian Ambassador to Slovakia.
Francis Xavier De Souza leaves the Board having resigned as an independent non-executive director to KLG. The Company sincerely thanks Mr De Souza for his valued contributions whilst with KLG and wishes him well with his future endeavours.
The Company is committed to: (a) facilitating an orderly and efficient process for any annual general meeting of its members or, where the need arises, any special general meeting of its members; (b) ensuring that all of the Company’s shareholders receive adequate notice of the director nominations and sufficient information with respect to all nominees; and (c) allowing shareholders to register an informed vote.
The Board has adopted an advance notice policy (the “Policy”) that requires advance notice to KLG for nominations of directors other than by management.
The purpose of the Policy is to provide shareholders, directors and management of the Company with direction on the nomination of directors. The Policy is the framework by which the Company seeks to fix a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual general meeting or special general meeting, called for the purpose of electing directors and whether or not called for other purposes, and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.
Among other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual general or special general meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.
In the case of an annual general meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual general meeting, provided that in the event that the annual general meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual general meeting was made, notice may be made not later than the close of business on the tenth day following such public announcement.
In the case of a special general meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.
The new Policy is intended to: (i) facilitate an orderly and efficient annual general or special general meeting process; (ii) ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
The policy is effective immediately and will be placed before the Company’s shareholders for approval at the Company’s next annual general meeting of shareholders expected to be held in June 2013.
-Ends-
For further information please contact:
Faldi IsmailDeputy Chairman and CEO, Kalimantan GoldMobile: +61 (0) 423 206 324Email: faldi.ismail@kalimantan.com
Gerald CheyneCorporate Development (UK)Telephone: +44 (0) 2077311806Mobile: +44 (0) 7717473168Email: gerald.cheyne@kalimantan.com
VSA Capital LimitedNick Redfern/ Peter DamouniTelephone: +44 20 3005 5005/ +44 20 3005 5007Email: pdamouni@vsacapital.com
KLG's Nominated AdviserRFC Ambrian LimitedStuart LaingTelephone: +61 8 9480 2506Email: stuart.laing@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 2013
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