Non-brokered deal sells 24,398,332 company shares at C$0.06 per share
By Devika Patel
Knoxville, Tenn., Dec. 31 - KWG Resources Inc. said it completed a C$1.46 million non-brokered private placement of stock.
The company sold 24,398,332 flow-through common shares at C$0.06 each. The price per share is a 20% premium to C$0.05, the Dec. 28 closing share price.
Proceeds will be used for exploration.
Based in Montreal, KWG explores for diamonds and base and precious metals.
| Issuer: | KWG Resources Inc.
|
| Issue: | Flow-through common stock
|
| Amount: | C$1,463,900
|
| Shares: | 24,398,332
|
| Price: | C$0.06
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 31
|
| Stock symbol: | TSX Venture: KWG
|
| Stock price: | C$0.05 at close Dec. 28
|
| Market capitalization: | C$33.36 million
|
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