KWG and Bold Ventures to issue shares to Fancamp

This is my unerstanding that KWG has to spend a further 2.2 million on exploration and pay the remaining ($1.5 mil - $300K initial payment - $500K paid in Feb. 2007) for option 1 payment (no debate for this, otherwise KWG will lose $5.8 million spent on exploration work), which is $700K due on May 7, 2015. The payment will be done by shares at the market price.

In addition, if they choose by the end of year 2014, they will have to pay $700K for option 2 due on March 31, 2015.

Fancamp will get more shares at a lower price by selling all KWG shares in the deposit. This could be the reason why P. Smith sold all shares before receiving new ones.

2014-02-07 17:30 ET - News Release

Also News Release (C-BOL) Bold Ventures Inc

Mr. Bruce Hodgman reports

KWG & BOLD MOVE AHEAD ON BLACK HORSE OPTION

KWG Resources Inc. and Bold Ventures Inc. will deliver 10 million KWG treasury shares for the option payment due to Fancamp Exploration Inc. today. As previously reported, KWG is financing a further $2-million program under its agreement to earn from Bold an 80-per-cent interest in any chromite discovered within the claims optioned by Bold from Fancamp hosting the Black Horse chromite occurrence. Two drills are presently operating, and recent YouTube videos from the site can be accessed on the websites of both Bold and KWG.

KWG will also issue 282,500 shares at five cents to Agoracom Inc. for the second payment under the shares-for-services contract announced Nov. 7, 2013. All shares issued will have a hold period of four months.