KWG Resources Inc.
TSX VENTURE : KWG

KWG Resources Inc.

April 08, 2014 16:39 ET

KWG Board Expanded to Include Donald Sheldon

TORONTO, ONTARIO--(Marketwired - April 8, 2014) - KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") announces that its Board of Directors has resolved to increase its number to five and appoint Donald Alexander Sheldon, B.A.Sc. (1970 University of Toronto), M.A.Sc. (1972, University of Toronto), LL.B. (1974, Osgoode Hall Law School at York University), P.Eng. (1973, Association of Professional Engineers of Ontario) as a Director of the Company.

Mr. Sheldon is a mining securities lawyer practising at the firm of Sheldon Huxtable Professional Corporation in Toronto. He is also a professional engineer. Mr. Sheldon has been practicing corporate and commercial law for over 30 years with an emphasis on corporate finance and securities regulation. He is licensed to practice law in both Ontario and Alberta. He is and has been the director and/or officer of numerous other public corporations listed on Canadian stock exchanges.

The Company also announces that 8.4 million options exercisable at $0.10 each were granted under the Company's Incentive Stock Option Plan. Of these 1.6 million were granted to employees, 1.8 million to officers, 0.5 million to an officer and director, and 4.5 million to directors.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Shares issued and outstanding: 750,312,273

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