Symbol on TSX-Venture Exchange: KWG
Shares issued and outstanding: 263,563,821
MONTREAL, Feb. 29 /CNW/ - KWG Resources Inc. (TSXV - KWG) announces that
the Board of Directors approved, subject to the approval of regulatory
authorities, an increase in the number of common shares reserved for issuance
under the Company's stock option plan to 26,280,000. The approved maximum
number represents approximately 10% of the current number of shares issued and
outstanding. The Board granted a total of 2,391,600 options of which 1,622,400
were granted to the directors, 396,000 to officers who are not also directors,
and 372,200 to employees and consultants of the Company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
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