KWG Resources Inc.
TSX VENTURE : KWG

KWG Resources Inc.

June 09, 2005 15:40 ET

KWG Resources Inc.: Directors, Officers and Stock Option Plan

MONTREAL, QUEBEC--(CCNMatthews - June 9, 2005) - On May 30, 2005, the shareholders of KWG Resources Inc. (TSX VENTURE:KWG) re-elected as its Board of directors, Jonathan Challis of Sevenoaks, U.K., Michel Cote of Montreal, Michael Harrington of Denver, Frank Smeenk of Kleinburg, Ontario, and Dr. Mousseau Tremblay of Williamstown, Ontario. Dr. Tremblay is a director and officer of KWG's principal shareholder Diagem Inc.

The Meeting also approved an increase in the number of common shares reserved for issuance under the Company's Stock Option Plan by 2,500,000 (to 11,800,000 or 9.9% of the issued and outstanding capital stock of the Company), subject to approval of regulatory authorities.

The Company's Board of Directors then re-elected Frank Smeenk as its Chairman. Mr. Smeenk continues as President and Chief Executive Officer and Michael Harrington continues as Vice-President of the Company.

Shares issued and outstanding: 118,587,408

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.
    Maurice Montpetit
    Investors' relation
    (514) 987-7263
    (514) 987-1033 (FAX)
    or
    KWG Resources Inc.
    Michel Cote
    Director
    (514) 866-6001/# 266
    (514) 866-6193 (FAX)
    www.kwg-resources.com