Units of stock with whole, five-year warrants sold at C$0.02 per unit
By Devika Patel
Knoxville, Tenn., March 31 – KWG Resources Inc. said it plans a C$1.5 million private placement of units that has been largely subscribed.
The company will sell 75 million units of one share and one warrant at C$0.02 per unit.
Each warrant is exercisable at C$0.05 for five years.
Settlement is expected next week.
Based in Montreal, KWG explores for diamonds and base and precious metals.
| Issuer: | KWG Resources Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 75 million
|
| Price: | C$0.02
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.05
|
| Pricing date: | March 31
|
| Stock symbol: | CNSX: KWG
|
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