KWG Completes Non-Brokered Private Placement
31 Dec 2012, Posted by in 2012Montréal, 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.
For further information, please contact:
Bruce Hodgman
Vice-President
416-642-3575
[email protected]
Or visit our website: www.kwgresources.com
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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 release.
