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KWG Resources Reports that Black Horse Deal Closes, Drilling to Start

KWG Resources Inc. (KWG.V) and Bold Ventures Inc. (BOL.V) have now closed their agreement through which they may acquire from Fancamp Exploration Ltd. (FNC.V) its interest in the mining claims hosting the Black Horse chromite occurrence.

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.

KWG is up half a cent to 6 cents near midday, on volume 753,000.

Bold Ventures is down half a cent (5%) to 9.5 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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