Montreal, Canada, October 15th, 2009 – The Board of Directors of KWG Resources Inc (TSXV: KWG) has awarded 6,558,500 options to purchase treasury shares at $0.10 each, under the provisions of the Company’s Incentive Stock Option Plan. Of the total awards 3,293,500 were allocated to employees 2,365,000 were allocated to Directors and 900,000 were allocated to consultants
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 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. The joint venture is developing the Big Daddy chromite deposit adjacent to the Black Thor and Black Label chromite discoveries of Freewest Resources. KWG holds a 1% net smelter royalty in all three deposits and has created Canada Chrome Corporation to pursue the development of them.
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For further information, please contact:
| Bruce Hodgman, Communications Director Direct: 416-646-1374 [email protected] |
Michel Côté Director 514-866-6001 |
Or visit our website: www.kwgresources.com
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release
Download In English PR45_en Oct 15 2009
Download En Francais PR45_fr Oct 15 2009
