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…
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KWG Announces $10 Million Private Placement
19 Mar 2010Montréal, 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…
KWG Announces The Closing Of A Private Placement
23 Feb 2010Montréal, 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…
KWG Announces A Private Placement
08 Jan 2010Montréal, Canada – KWG Resources Inc. (TSX-V: KWG) (“KWG” or the “Company”) announces a private placement (the “Private Placement”) of $35,000 of units of securities of the Company comprised of one common share and one-half common share purchase warrant at a price of $0.07 per…
Hole FW-09-36 encountered 86.2 metres of chromite mineralization between 9.8 metres to 96.0 metres downhole. The initial 11.2 metres of chromite mineralization averages 40.14% Cr2O3; the last 48.35 metres averages 41.35% Cr2O3. Hole 33, after passing through 11.0 metres that averages 40.29% Cr2O3, entered a…
$1.2 Million Received From Warrant Exercise
04 Jan 2010Montreal, Canada, January 4th, 2010 – KWG Resources Inc (TSXV: KWG; CNSX: KWG) advises that prior to the close of 2009 a total of 24.7 million treasury shares were issued upon the exercise of outstanding warrants for proceeds of $1.2 million. The Company is also…
Hole FW-09-29 encounters 75.2 metres of chromite mineralization averaging 43.41% Cr2O3, followed by 1.8 metres averaging 2.18 g/t PGE (Pt+Pd) Hole 29 cut a total of 108.5m of massive chromite in 4 separate intervals. Six of the seven holes reported herein encounter chromite mineralization in…