News Column

KWG CONCLUDES FLOW-THROUGH PRIVATE PLACEMENT

February 26, 2014



ENP Newswire - 26 February 2014

Release date- 25022014 - Toronto, Canada - KWG Resources Inc. (TSX-V: KWG) announces that it has closed the last tranche of its previously announced flow-through private placement, the subscriptions to which totaled $2.33 million.

The last tranche totaled 1,400,000 flow-through units at $0.05 each for gross proceeds of $70,000. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.10 at any time within three years. All securities issued are subject to a four-month hold period.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined by a drilling program currently under way. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

Contact:

Bruce Hodgman

Vice-President

KWG Resources Inc.

Tel: 416-642-3575

Email: info@kwgresources.com


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools