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Post by Franko10 ™ on Sept 16, 2004 10:27:00 GMT -5
KWG Resources' principal shareholder, Diagem International Resource, will participate up to $300,000 in the $750,000 private placement reported on Oct. 1, 2003. The private placement consists of 6.25 million units at 12 cents per unit for total consideration of $750,000. Each unit comprises one common share of the company and one common share purchase warrant entitling its holder to purchase one common share of the company at a price of 16 cents during the 24-month period following the closing.
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