KWG Shareholder Rights Plan Terminated Flow-Through Placement Shares Issued16 Dec 2010
Montréal, Canada – December 16th, 2010 – KWG Resources Inc. (“KWG”) advises that the Shareholder Rights Plan adopted by its Board of Directors on May 25, 2010 has been permitted to expire.
The Company has also completed the first tranche of its previously announced flow-through private placement at $0.13 per share. A total of 12,318,923 shares have been issued to date under the private placement for proceeds of $1.6 million. A second closing will raise further proceeds of the balance of $1.4 million.
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