By Devika Patel
Knoxville, Tenn., Dec. 7 - KWG Resources Inc. said it settled a C$3.1 million private placement of units.
The company sold 47.5 million units. Each unit consists of one flow-through common share and one half-share warrant. Each whole warrant will be exercisable at C$0.10 for one year.
KWG is a mineral exploration company based in Montreal.
| Issuer: | KWG Resources Inc.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$3.1 million
|
| Units: | 47.5 million
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Settlement date: | Dec. 7
|
| Stock symbol: | TSX Venture: KWG
|
| Stock price: | C$0.075 at close Dec. 7
|
| Market capitalization: | C$30.3 million
|
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