KWG Resources Busy in Ring of Fire

THUNDER BAY – Mining News – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) has received conditional listing approval for an increase to $2,500,000 of its private placement of flow-through units (“Units”) which is extended to February 7, 2014. 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. The Units may be acquired by qualified investors for a subscription of $0.05 each.

KWG closed another tranche of the private placement consisting of 2,150,000 Units for gross proceeds of $107,500 bringing total proceeds for the private placement to $2,255,000.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined by a drilling program expected to resume early next year. 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.