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News

 

Montréal, Canada – June 3rd, 2010 – The Special Committee of the Board of Directors of KWG Resources Inc. (“KWG” or the “Company”) announces that it has engaged Cormark Securities Inc. to complete a formal valuation of the Company’s common shares in response to Cliffs…

Montréal, Canada – May 28, 2010 – KWG Resources Inc. (“KWG” or the “Company“) noted the press release issued by Cliffs Natural Resources Inc. (“Cliffs”) with respect to the announcement of the proposed merger between KWG and Spider Resources Inc. (“Spider” – TSXV:SPQ). The proposed merger…

Montréal, Canada – May 24, 2010 – KWG Resources Inc. (“KWG” or the “Company“) announces that the Company has received a non-binding take-over bid proposal.  In response to such proposal and to consider strategic alternatives, the board of directors of the Company (the “Board”) has met…

Montréal, Québec – May 24, 2010 / – KWG’s Board of Directors has appointed Cynthia Thomas to fill a vacancy occasioned by the resignation of Richard P. Fink as a Director of the Company late on Friday afternoon May 21, 2010. Ms. Thomas is Chair…

Montréal, Québec – May 21, 2010 / – Following the annual and special meeting of shareholders held on May 19, 2010, KWG Resources Inc. announces the re-election of  Messrs. Richard P. Fink, Douglas M. Flett, René R. Galipeau, Michael S. Harrington, Bruce D. Reid, Frank…

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…