KWG Flow-Through Placement Terms11 Nov 2009
Montreal, Canada, November 11, 2009 – KWG Resources Inc. (TSXV: KWG) has received conditional listing approval for its previously announced private placement of flow-through shares. The listing approval covers up to $3 million in units with each unit comprised of one flow-through share and one-half of a common share purchase warrant with each full warrant entitling its holder to purchase one treasury share for $0.10 at any time within one year. The units will be issued at a price of $0.065 each.
About KWG Resources Inc:
KWG Resources is a mineral exploration company with extensive claim holdings in the James Bay Lowlands of Northern Ontario, Canada, where important discoveries of nickel and chromium have been made recently in the Ring of Fire. KWG has an equal joint venture interest in a large claim block in the central part of the discovery area, with Spider Resources Inc. The joint venture is developing the Big Daddy chromite deposit adjacent to the Black Thor and Black Label chromite discoveries of Freewest Resources. KWG holds a 1% net smelter royalty in all three deposits and has created Canada Chrome Corporation to pursue the development of them.
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