Board election and amendment to stock option plan

    Symbol on TSX-Venture Exchange: KWG
    Shares issued and outstanding: 359,718,877

    MONTREAL, April 23 /CNW/ - Following the annual and special meeting of
shareholders held on April 15, 2009, KWG Resources Inc. announces the
reelection of Messrs. Michel Côté, Douglas M. Flett, Michael S. Harrington,
Leonard Teoli, Dr. Mousseau Tremblay and Frank C. Smeenk and the election of
Mr. Richard P. Fink as directors.
    Mr. Richard P. Fink has a Master's degree in geology from Washington
University and an MBA, International Program, from Baldwin-Wallace College. He
has 40 years of experience in the natural resources industry in a wide variety
of operating, engineering, and technical positions. Mr. Fink is currently
General Manager - Acquisitions & Development, at Cliffs Natural Resources, an
Ohio corporation, the principal shareholder of KWG.
    Mr. Michael S. Harrington was elected Chairman of the Board of Directors
following the meeting and Mr. Frank C. Smeenk was appointed President and
Chief Executive Officer of the Company. Mr. Leonard Teoli was appointed Chief
Financial Officer and Ms. Luce Saint-Pierre, Secretary. Following his
appointment as Chief Financial Officer, Mr. Teoli resigned from the Board.

    Amendment of the stock option plan (the "Option Plan")

    At the annual and special meeting previously mentioned, the shareholders
of the Company approved an amendment to the Option Plan increasing the maximum
number of common shares reserved for issuance under the Option Plan by
2,520,000 to 28,800,000. The number of common shares thus reserved represents
8.5% of the issued and outstanding share capital of the Company

    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,; Michel Côté, Director, (514) 866-6001
ext. 266; Or visit our website:

Organization Profile


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