KWG Resources Inc.
TSX VENTURE : KWG

KWG Resources Inc.

December 11, 2006 15:05 ET

KWG: Extension of Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Dec. 11, 2006) - (TSX VENTURE:KWG) The TSX Venture Exchange has approved an extension of the time for completion of the private placements announced earlier this month. The Company is currently negotiating these placements consisting of a maximum of 10,000,000 units at $0.05 per unit for a total consideration of $500,000. Each unit is comprised of one common share of the Company and one common share purchase warrant entitling the holder to purchase one common share of the Company at a price of $0.10 during a 24-month period following the closing of the placements.

Shares issued and outstanding: 159,585,208

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

Contact Information

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