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Message: KWG Resources Inc. - Grant of Options

KWG Resources Inc. - Grant of Options

posted on Jun 16, 2008 05:53AM

KWG Resources Inc. - Grant of Options

MONTREAL, Jun 16, 2008 (Canada NewsWire via COMTEX News Network) --

Symbol on TSX-Venture Exchange: KWG

Shares issued and outstanding: 263,659,821

The Board of directors has granted 588,100 stock options, of which 519,900 to directors, 55,000 to officers who are not directors and 13,200 to employees of the Company. The options are exercisable at $0.10 over a period of five years. The options are subject to a hold period of four months.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

SOURCE: KWG Resources Inc.

Bruce Hodgman, Communications Director, Direct: (416) 646-1374, info@kwgresources.com; Michel Côté, Director, (514) 866-6001 ext. 266; Or visit our website: www.kwgresources.com

Copyright (C) 2008 CNW Group. All rights reserved.

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