We just have to wait for the terms of the placement to be finalized this week.

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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We just have to wait for the terms of the placement to be finalized this week.

posted on Oct 20, 2009 10:58AM

Oct. 16, 2009 (Canada NewsWire Group) --

MONTREAL, Oct. 16 /CNW/ -- 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.

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