KWG Completes Non-Brokered Private Placement31 Dec 2012
Montréal, Canada – December 31, 2012 – KWG Resources Inc. (TSX-V: KWG) (“KWG” or the “Company”) has completed a non-brokered private placement (the “Placement”) of 24,398,332 common shares of the Company issued on a “flow-through” basis at a price of $0.06 per share for aggregate gross proceeds of $1,463,900. The proceeds from the Placement will be used for eligible flow-through exploration expenses and will be renounced for the 2012 taxation year. Marquest Capital Markets received a cash finder’s fee in the amount of $87,834 as well as a fee in the amount of $2,825 (inclusive of tax) for certain corporate finance and due diligence services provided to KWG in connection with the Placement.
The shares issued in the Placement are subject to a hold period expiring on April 29, 2013.
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