Al Capone's Vault

[TRAPPER JIM]

I dont know anything about them yet but probably watch them and see what happens for awhile.They have financing fir .14 pps and of coarse heres the ameritrade link with a chart and the news is down below.LOL http://research.tdameritrade.com/public/stocks/overview/overview.asp Kalimantan Gold Corporation Limited (the "Company") (TSX VENTURE: KLG)(AIM: KLG) is pleased to announce that it has raised C$350,000 from the issue of 2,500,000 common shares at price of C$0.14 per share to a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation ("Freeport"). The common shares issued are restricted from trading through the TSX Venture Exchange until September 7, 2011.

The placement shares will be fully paid and will rank pari passu in all respects with the existing common shares in the Company. Application has been made for the placement shares to be admitted to trading on AIM ("Admission") and to be listed on the TSX Venture Exchange. It is expected that Admission will become effective and that dealings in the placement shares will commence on May 12, 2011. Regulatory approval for the placement has been received from the TSX Venture Exchange.

The Company intends to use the proceeds to fund its ongoing projects in Indonesia, as well as general working capital purposes.

The Company and Freeport entered into a joint venture agreement in relation to the Company's KSK Contract of Work copper project in Kalimantan, Indonesia as announced on April 19, 2011. Pursuant to the joint venture agreement the private placement was priced at 125% of the volume weighted average price of the seven day period following execution of the agreement.