Massive Black Horse Chromite Discovery

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

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Message: Why would he pay $35000

Why would he pay $35000

posted on Feb 12, 2010 08:30AM

.07 to get a share/warrant that is excercisable at .10 if KWG is worth .06 today and if they thought the SP would not pass .10 in one year?

Montréal, Canada - KWG Resources Inc. (TSX-V: KWG) ("KWG" or the "Company") announces a private placement (the "Private Placement") of $35,000 of units of securities of the Company comprised of one common share and one-half common share purchase warrant at a price of $0.07 per unit. Each full warrant is exercisable at a price of $0.10 to acquire one common share for a period of one year from the date of the issuance. The placement is subscribed by one director of the Company

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