Gold

Kalimantan Gold Corporation Limited (CVE:KLG,AIM:KLG) announced that 2,500,000 common shares of the company will be bought by a Freeport-McMoRan (NYSE:FCX) subsidiary.

The press release is quoted as saying:

The placement will close the second business day following receipt of the conditional acceptance of the TSX Venture Exchange.

To read the full press release, click here.