KWG Concludes Flow-Through Private Placement24 Feb 2014
Toronto, Canada, February 24, 2014 – KWG Resources Inc. (TSX-V: KWG) (“KWG”) announces that it has closed the last tranche of its previously announced flow-through private placement, the subscriptions to which totaled $2.33 million. The last tranche totaled 1,400,000 flow-through units at $0.05 each for gross proceeds of $70,000. 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. All securities issued are subject to a four-month hold period.
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined by a drilling program currently under way. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.
For further information, please contact:
Bruce Hodgman, Vice-President, KWG Resources Inc. at 416-642-3575 Ext103
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