KWG Resources receives approval for private placement

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Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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KWG Resources receives approval for private placement

posted on Nov 11, 2009 04:48PM

2009-11-11 16:32 ET - News Release

Mr. Bruce Hodgman reports

KWG FLOW-THROUGH PLACEMENT TERMS

KWG Resources Inc. has received conditional listing approval for its previously announced private placement of flow-through shares. The listing approval covers up to $3-million in units with each unit comprising one flow-through share and one-half of a common share purchase warrant with each full warrant entitling its holder to purchase one treasury share for 10 cents at any time within one year. The units will be issued at a price of 6.5 cents each.

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