TORONTO, ONTARIO–(Marketwired – March 3, 2017) – KWG Resources Inc. (CSE:KWG)(CSE:KWG.CN)(FRANKFURT:KW6) (“KWG” or the “Company”) is pleased to announce closing today of its previously announced private placement (the “Private Placement“) of units (each, a “Unit“) at a price of $0.021 per Unit (see the Company’s news release dated February 9, 2017). The Corporation issued a total of 7,500,000 Units to accredited investors for aggregate gross proceeds of $157,500. Each Unit is comprised of one subordinate voting share of the Company (each, a “Subordinate Voting Share“) and one full warrant (each, a “Warrant“). Each Warrant entitles the holder to purchase one Subordinate Voting Share at a price of $0.05 at any time within 60 months from the date of issuance of the Warrant.
