KWG Resources Inc.
TSX VENTURE : KWG

KWG Resources Inc.

June 07, 2007 16:53 ET

KWG Resources Inc.: Stock Options

MONTREAL, CANADA--(Marketwire - June 7, 2007) - KWG Resources Inc. (TSX VENTURE:KWG) announces that the Board of Directors approved, subject to the approval of regulatory authorities, an increase in the number of common shares reserved for issuance under the Company's stock option plan to 18,200,000. The approved maximum number represents approximately 10% of the current number of shares issued and outstanding. The Board granted a total of 2,950,000 options of which 2,070,000 were granted to the directors, 350,000 to officers who are not also directors, and 530,000 to employees and consultants of the Company.

Shares issued and outstanding: 182,926,578

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • KWG Resources Inc.
    FRANK C. SMEENK
    President and CEO
    416-642-3575
    514-866-6193 (FAX)
    or
    KWG Resources Inc.
    MICHEL COTE
    Director
    514-866-6001-Ext. 266
    514-866-6193 (FAX)
    www.kwgresources.com