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| Home : KWG Resources Inc.: Black Horse Deal Closes, Drilling to Start |
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Mar 04
2013 |
KWG Resources Inc.: Black Horse Deal Closes, Drilling to Start |
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TORONTO, ONTARIO--(Marketwire - March 4, 2013) - KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") and Bold Ventures Inc. ("Bold") have now closed their agreement through which they may acquire from Fancamp Exploration Ltd. ("Fancamp") its interest in the mining claims hosting the Black Horse chromite occurrence. As previously reported, KWG will fund 100% of the exploration programs operated by Bold to enable Bold to earn the interest under its option agreement with Fancamp. For the funding, KWG will earn an 80% interest in Bold's interest in chromite minerals identified and a 20% interest in non-chromite minerals. |
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| Source:http://www.marketwire.com/mw/release.do?id=1763768&sourceType=3 |
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