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Kolar Gold to appoint CEO, 2 executive directors

Kolar GoldLtd. will appoint Cameron Parry CEO and executive director, it saidJuly 12.

Luke Cairns will also be appointed executive director.

Parry is currently a nonexecutive director of , which is subscribingfor £200,000 of shares in the company's £900,000 capital raising.

The company is offering 81,818,182 new ordinary shares at1.1 pence per share.

Onzima Ventures PLC, of which Cairns is a nonexecutivedirector, will subscribe for £30,000 of shares.

Kolar's previous CEO, Nick Spencer, in December 2015.