KWG Announces Issuance of Stock Options
TORONTO, ONTARIO -- (Marketwired) -- 05/10/13 -- KWG Resources Inc. (TSX VENTURE: KWG) ("KWG") advises that its Board of Directors has granted to its directors, officers and consultants options to purchase a total of 6,836,000 shares at a price of $0.10 each in the ensuing five years, under the provisions of the Company's Incentive Stock Option Plan.
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 in a drilling program now under way. 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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Shares issued and outstanding: 698,413,273
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com