KWG Resources Inc.
TSX VENTURE : KWG

KWG Resources Inc.

April 05, 2007 16:56 ET

KWG Resources Inc.: Restated Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - April 5, 2007) - KWG Resources Inc. (TSX VENTURE:KWG) reports that it has restated its unaudited quarterly financial statements for the nine-month period ended September 30, 2006. The Balance Sheet is restated to account for a mining asset acquired by the Company at the fair value of the shares issued in consideration in accordance with Canadian generally accepted accounting principles. The restatement results in a decrease of $506,393 in both the mining assets and the share capital. The restated unaudited quarterly financial statements and the amended management discussion and analysis are filed on SEDAR.

Shares issued and outstanding: 176,285,208

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Contact Information

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