KWG, Bold extend deadline for KWG to give option notice

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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KWG, Bold extend deadline for KWG to give option notice

posted on Oct 01, 2014 01:18PM

KWG, Bold extend deadline for KWG to give option notice

2014-10-01 11:09 ET - News Release

See News Release (C-KWG) KWG Resources Inc (2)

Mr. Bruce Hodgman of KWG reports

KWG EXTENDS OPTION NOTICE

By mutual agreement of the parties, KWG Resources Inc. and Bold Ventures Inc. have extended by 30 days, to Oct. 30, 2014, the deadline by which KWG must provide binding notice 2. Pursuant to the option agreement between KWG and Bold, Section 3.1 provides that KWG must provide binding notice 2 by Sept. 30, 2014, that it intends to make the $700,000 option payment due Feb. 7, 2015, under the KWG/Bold option agreement and expend an aggregate of $8-million on the property by March 31, 2015. If binding notice 2 is not delivered, the option is terminated.

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