Kwg securities acquired by vince mccormick

Toronto, ontario--(newsfile corp. - august 8, 2024) - vince mccormick (the "acquiror") is pleased to announce the acquisition on august 2, 2024 of ownership of an aggregate of (i) an aggregate of $705,000 of convertible debentures (the "debentures") of kwg resources inc. (the "issuer"), (ii) 147,707 multiple voting shares of the issuer (each, a "multiple voting share"); (ii) 147,707 warrants of the issuer (each, a "warrant") pursuant to a private placement (the "private placement") completed by kwg resources inc. (see the issuer's news release dated august 2, 2024 for the terms of the private placement). the debentures are convertible into an aggregate of 587,500 units comprised of 587,500 multiple voting shares and 587,500 warrants or an aggregate of 1,175,000 multiple voting shares calculated on the basis of the conversion of the principal of the acquiror's debentures into multiple voting shares and warrants and the exercise of all such warrants.
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