KWG Resources Closes Flow-Through

KWG Resources and Bold Ventures are continuing efforts in the Ring of Fire
KWG Resources is reviewing a divisional Court Rulling over the Ring of Fire
KWG Resources
Located 500 kilometres northeast of Thunder Bay, the Ring of Fire contains at least $60 billion and counting of chromite, plus nickel, copper, platinum group elements, gold, zinc and vanadium metals.

THUNDER BAY – Mining – KWG Resources has announced that the company has closed a further flow-through private placement of 1,500,000 flow-through units at $0.05 each for gross proceeds of $75,000. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.10 at any time within three years. All securities issued are subject to a four-month hold period.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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