New Issue: KWG seals C$10.99 million units placement with C$3.3 million tranche

By Devika Patel

Knoxville, Tenn., April 21 - KWG Resources Inc. said it took in C$3.3 million in the third and final tranche of a C$10.99 million non-brokered private placement of units. The deal priced for C$10 million on March 19, and KWG raised C$4.89 million in the first tranche on April 1; it raised C$2.81 million in the second tranche on Friday.

The company sold a total of 87,939,706 units at C$0.125 apiece. It sold 39.09 million units in the first tranche, 22,467,312 units in the second tranche and 26,382,390 units in the third.

Each unit consists of one flow-through common share and one half-share warrant. Each whole warrant will be exercisable at C$0.15 for two years.

Proceeds will be used for exploration.

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$10,992,463
Units:	87,939,706
Price:	C$0.125
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.15
Agent:	Non-brokered
Pricing date:	March 19
Settlement dates:	April 1 (for C$4,886,250), April 16 (for C$2,808,414), April 21 (for C$3,297,799)
Stock symbol:	TSX Venture: KWG
Stock price:	C$0.125 at close March 19
Market capitalization:	C$57.7 million

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