Montréal, Canada – KWG Resources Inc. (TSXV – KWG) reports that it has closed the final tranche of its previously announced non-brokered private placement through the sale of 26,382,390 units (each, a “Unit”) at $0.125 each for proceeds of $3,297,798.75. Each Unit consists of one…
Montréal, Canada – April 16, 2010 – KWG Resources Inc. (TSXV – KWG) reports that it has closed a second tranche of its previously announced non-brokered private placement through the sale of units (each, a “FT Unit”) at $0.125 each for proceeds of approximately $2,800,000. Each…
Montréal, Canada – April 8th, 2010 – KWG Resources Inc. (TSXV – KWG) (“KWG”) advises that, under the terms of the Option Agreement with Spider Resources Inc. (Spider) and Freewest Resources Canada Inc. respecting the Freewest Option Project, KWG became Operator on April 1st, 2010. Each…
Montréal, Canada – April 7th, 2010 – KWG Resources Inc. (TSXV – KWG) has been notified by Cliffs Greene B. V. (“Cliffs”) that it wishes to exercise its pre-emptive right to participate in the Private Placement recently announced by KWG and will subscribe for such number…
Montréal, Canada – KWG Resources Inc. (TSXV – KWG) reports that it has closed a first tranche of a previously announced non-brokered private placement through the sale of 39,090,000 units at $0.125 each for gross proceeds of $4,886,250. Each unit consists of one flow-through common…
Montréal, Canada – KWG Resources Inc. (TSX-V: KWG) (“KWG” or the “Company”) announces a proposed non-brokered private placement (the “Private Placement”) of a maximum of $10 million of units of securities of the Company comprised of up to 80,000,000 “flow-through” units (each, an “FT Unit”)…
Hole FW-09-50 encountered chromite mineralized envelope of 126.3 metres of which 63.3 metres averages 41.93% Cr2O3 with Cr:Fe ratio of 1.96 Seven of final eight holes encounter grades in excess of 35% Cr2O3 All assays are now complete, National Instrument 43-101 compliant resource estimate to…
Montréal, Canada – February 23, 2010 – KWG Resources Inc. (TSX-V: KWG) (“KWG” or the “Company”) announces the closing of a private placement of $35,000 of units of the Company at a price of $0.07 per unit, each comprised of one common share and one-half…
Hole FW-09-48 encountered two zones of massive chromite mineralization; 14.85 metres averaging 39.52% Cr2O3, as well as 32.4 metres averaging 42.51% Cr2O3 Drilling completed, 10 priority holes drilled totaling 2,204 metres; Negotiations underway with First Nation communities to resolve a list of issues related to…
Hole FW-09-43 encountered two zones of massive chromite mineralization; 24.0 metres averaging 35.75% Cr2O3, as well as 57.0 metres averaging 40.52% Cr2O3, separated by 11.0 metres of thin massive beds of chromite averaging 15.47% Cr2O3. All holes reported herein for Big Daddy encountered chromite mineralization…