KWG Resources acquiring 65% interest in Ontario claims
KWG Resources Inc (2) (C:KWG)
Shares Issued 267,659,821
Last Close 10/14/2008 $0.025
Wednesday October 15 2008 - Property Agreement
The TSX Venture Exchange has accepted for filing the documentation relating to an option agreement dated Aug. 29, 2008, between East West Resources Corp. and the company, whereby the company may acquire up to 65 per cent of the vendor's interest in 268 claims located in the Porcupine mining division in Northern Ontario.
Under the terms of the agreement, the company is required to:
- Make cash payment of $50,000;
- Issue a total of two million common shares;
- Carry out $1.5-million in exploration work over a four-year period.
For further information, please refer to the company's press releases dated July 23, 2008.
