KWG Resources Inc. - Middleton, Lavigne subscriptions completed



    
    Symbol on TSX-Venture Exchange: KWG
    Shares issued and outstanding: 267,659,821
    

    MONTREAL, Aug. 26 /CNW/ - KWG Resources Inc. (TSXV - KWG) reports that it
has completed private placements announced earlier this summer. Professional
Geologists Robert Middleton, Maurice Lavigne and Paul Nielsen were retained by
KWG to undertake its exploration programs at the newly optioned Feeder Claims
and under KWG's operatorship next year of the KWG-Spider-Freewest JV. The
Company issued 2,000,000 units at $0.10 each. Each unit is comprised of two
(2) common shares and one (1) share purchase warrant exercisable for two years
at $0.10. All securities issued are subject to a four-month hold period ending
December 20, 2008. Proceeds will be used for working capital.
    KWG has been advised that as of August 22nd, 2008 its former principal
shareholder Diagem Inc. had reduced its holdings of KWG shares to
approximately 8 million shares, representing less than 3% of the Company's
outstanding shares.

    
        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, info@kwgresources.com; MICHEL COTE, Director, Tel: (514)
866-6001 - Ext. 266; Or visit our website: www.kwgresources.com

Organization Profile

KWG RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890