http://www.marketwatch.com/story/kwg-announces-closing-of-previously-announced-private-placement-2017-03-31-8160027

TORONTO, ONTARIO, Mar 31, 2017 (Marketwired via COMTEX) -- TORONTO, ONTARIO--(Marketwired - March 31, 2017) - KWG Resources Inc. (cse:KWG)(frankfurt:KW6) ("KWG" or the "Company") is pleased to announce closing today of its previously announced private placement (the "Private Placement") of units (each, a "Unit") at a price of $0.021 per Unit (see the Company's news release dated March 3, 2017). The Company issued a total of 48,495,720 Units for aggregate gross proceeds of $1,018,410.13, in respect of which 23,847,605 Units were issued for cash proceeds of $500,799.71 and 24,648,115 Units were issued to insiders of the Company in settlement of debt in the aggregate of $517,610.42. Each Unit is comprised of one subordinate voting share of the Company (each, a "Subordinate Voting Share") and one full warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Subordinate Voting Share at a price of $0.05 at any time within 60 months from the date of issuance of the Warrant. 

The gross proceeds received by the Company from the sale of the Units will be used by KWG principally to improve its financial position, to pay the fees associated with this Private Placement and for general corporate expenses.

All of the securities issued pursuant to this Private Placement are subject to a four (4) month hold period.