KWG $2.4 Mil PP for new Black Horse DDg closes Nov 18/13 KWG has now (Nov 8/13) completed $1,628,000 of a $2 million private placement (PP) conditionally approved by the TSX Venture Exchange. The company has sought approval to increase the private placement to $2.4 million with a final closing on November 18, 2013. The proceeds of the placement will fund a drilling program designed to extend the Black Horse inferred resource this winter.
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."