KWG intent to purchase up to 5% of it's outstanding shares

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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luker

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KWG intent to purchase up to 5% of it's outstanding shares

posted on Oct 22, 2012 02:43PM

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2012) - The KWG Resources Inc. (TSX VENTURE:KWG) Board of Directors has authorized the launching of a new normal course issuer bid for the purchase of up to 33.5 million of its common shares subject to the approval of the TSX Venture Exchange ("TSXV").

KWG believes that its common shares currently trade in a price range that does not adequately reflect their underlying value based on KWG's business prospects and strong financial position. As a result, depending upon future price movements and other factors, KWG believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds....

http://www.marketwire.com/press-release/kwg-initiates-a-new-normal-course-issuer-bid-tsx-venture-kwg-1716312.htm

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