TORONTO, CANADA--(Nov. 5, 2014) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6), announces that by mutual agreement of the parties, KWG and Bold Ventures Inc. ("Bold") have extended to December 30, 2014, the deadline by which KWG must provide that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement and expend an aggregate of $8,000,000 on the property by March 31, 2015
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Above definitely shows that it's getting more and more difficult raising funds in
resource sector for exploration and development. It affects not only KWG but all small
exploration companies including Noront. It's been almost two and a half months since
KWG announced PP and it's still not done. Lets hope that Noronts big shareholders
wiil be there to support NOT.
GLTA,
Fossil