KWG Resources 28.75-million-share private placement
Ticker Symbol: C:KWG

KWG Resources 28.75-million-share private placement

KWG Resources Inc (2) (C:KWG)
Shares Issued 359,718,877
Last Close 9/1/2009 $0.045
Tuesday September 01 2009 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Aug. 4, 2009.

Number of shares:20 million flow-through common shares and 8.75 million common shares Purchase price:Five cents per common share Warrants:28.75 million common share purchase warrants to purchase 28.75 million common shares Warrant exercise price:10 cents per common share during the five years following the closing of the private placement Insiders:Cliffs Greene B.V., 8.75 million; Frank C. Smeenk, 6.45 million; Bruce Reid, five million; Maurice Lavigne, one million

The company has confirmed the closing of the above-mentioned Private Placement by way of a news release dated Aug. 20, 2009.