If KWG decides to continue under their option agreement with FNC (via Bold) then they need to come up with $700,000 by Feb, 7th 2015
Toronto, Canada, November 5, 2014 - KWG Resources Inc. (TSXV: KWG; Frankfurt: KW6), announces that by mutual agreement of the parties, KWG and Bold Ventures Inc. (“Bold”) have extended to December 30, 2014, the deadline by which KWG must provide that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement .
So we will know before the year is over whether we will need to worry about financing . Suppose we will have to look at our RGX shares if KWG decides to end the option agreement. Anyone know how many of those we still hold? (Would be nice for RGX to finally announce their own funding arrangements).
Peter Smith and al. better not let KWG off the hook (by further extensions of payment, or by having them issue us shares in lieu of cash (which would completely make no sense whatsover) at his own company's expense.
Cheers,
Luker