KWG Completes NSR Acquisition24 Feb 2011
Montreal, Canada – February 24, 2011 – KWG Resources Inc. (TSXV: KWG) announces that it has negotiated an agreement to conclude the previously announced acquisition of a net smelter royalty reserved in the claims containing the Black Thor, Black Label and Big Daddy chromite deposits. The Company will issue 4 million treasury units to complete the transaction, the closing of which had been deferred by mutual agreement upon partial payments of the purchase price. Each unit is valued at $0.10 and will be comprised of one treasury share and one purchase warrant enabling its holder to acquire one further treasury share at any time within two years upon payment of $0.15.
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