KWG Resources Completes First Tranche of Private Placement

KWG Resources (TSE:CACR) has released an update.

KWG Resources Inc., known as The Canadian Chrome Company, has successfully closed the first tranche of its private placement, raising $1,488,150 through the sale of convertible debentures. The company has paid a 20% premium to subscribers and plans to complete additional tranches soon. The debentures, maturing in 2028, can be repaid or converted into company units, with each unit comprising a share and a purchase warrant.

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