$2 Million Private Placement Approval Extended21 Aug 2013
Toronto, Canada, August 21, 2013 – KWG Resources Inc. (TSX-V: KWG) (“KWG”) has been granted an extension of the conditional listing approval to complete the previously announced private placement of units of flow-through shares and share purchase warrants. The TSX Venture exchange has given the company until September 5th, 2013 to complete the balance of the placement of units. A first tranche of $300,000 has closed. 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. The units may be acquired by qualified investors for a subscription of $0.05 each.
For further information, please contact:
Bruce Hodgman, Vice-President, KWG Resources Inc. at 416-642-3575 Ext103
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.