KWG Announces Extension of Warrants25 May 2009
Montréal, Québec – May 25, 2009 / – KWG Resources Inc. announces that the TSX Venture Exchange has approved the amendment of the terms of some of the Company’s outstanding warrants as follows: 2,500,000 warrants expiring in June 2009 have been extended to June 2012; 42,451,923 warrants expiring in October 2009 have been extended to October 2012; and 11,197,325 warrants expiring in October 2009 have been extended to December 2012. All other terms, including the exercise price, remain the same.
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 so-called 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. (TSXV: SPQ). The joint venture is developing the Big Daddy chromite deposit adjacent to the Black Thor and Black Label chromite discoveries of Freewest Resources Canada Inc. (TSXV: FWR).
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