KWG Resources Inc. (TSX VENTURE:KWG) has completed a first tranche of a private placement of flow-through units, for proceeds of $300,000. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.10 at any time within three years. The units may be acquired by qualified investors for a subscription of $0.05 each. The TSX Venture Exchange has conditionally approved the listing of shares resulting from placements for subscriptions totaling $2 million
WOW! KWG is conducting a Buy-Back program and at the same time may create up to
40Million new shares in the latest money raising exersize. They are, in fact, issuing new
shares much faster than buying them back.
GLTA,
Fossil