Montreal, Canada, October 16th, 2009 – KWG Resources Inc (TSXV: KWG) intends to accept subscriptions from accredited investors for a non-brokered private placement of flow-through shares. A price reservation has been filed and terms of the placement will be finalized next week. Finder’s fees not exceeding those prescribed by the policies of the TSX Venture Exchange will be paid in treasury shares to qualified parties.
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 PR46_en Oct 16 2009
Download En Francais PR46_fr Oct 16 2009
