KWG Resources Inc (2) (C:KWG)
Shares Issued 403,468,877
Last Close 10/15/2009 $0.075
Friday October 16 2009 - News Release

Mr. Bruce Hodgman reports

KWG TO PLACE FLOW-THROUGH SHARES

KWG Resources Inc. intends to accept subscriptions from accredited investors for a non-brokered private placement of flow-through shares. A price reservation has been filed and terms of the placement will be finalized next week. Finders' fees not exceeding those prescribed by the policies of the TSX Venture Exchange will be paid in treasury shares to qualified parties.

� 2009 Canjex Publishing Ltd

If this is a big placement, it could be the start of raising finance for Canada Chrome. If those plans start to materialise the whole ROF will light up.