Symbol on TSX-Venture Exchange: KWG
Shares issued and outstanding: 359,718,877
MONTREAL, May 25 /CNW/ - KWG Resources Inc. announces that the TSX
Venture Exchange has approved the amendment of the terms of some of the
Company's outstanding warrants as follows: 2,500,000 warrants expiring in June
2009 have been extended to June 2012; 42,451,923 warrants expiring in October
2009 have been extended to October 2012; and 11,197,325 warrants expiring in
October 2009 have been extended to December 2012. All other terms, including
the exercise price, remain the same.
About KWG Resources Inc.
KWG Resources is a mineral exploration company with extensive claim
holdings in the James Bay Lowlands of Northern Ontario, Canada, where
important discoveries of nickel and chrome have been made recently in the
so-called Ring of Fire. KWG has an equal joint venture interest in a large
claim block in the central part of the discovery area, with Spider Resources
Inc. (TSXV: SPQ). The joint venture is developing the Big Daddy chromite
deposit adjacent to the Black Thor and Black Label chromite discoveries of
Freewest Resources Canada Inc. (TSXV: FWR).
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Bruce Hodgman, Communications Director, Direct:
(416) 646-1374, firstname.lastname@example.org; Michel Côté, Director, (514) 866-6001
ext. 266; Or visit our website: www.kwgresources.com