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It's cash that turn the Big Daddy drills in the Ring of Fire

Ring of Fire junior miner, KWG Resources announced it's raised $1.75 million through flow-through shares to help pay for exploration at its high grade chromium project in the James Bay lowlands. In a Dec.
Northern Ontario Business Staff

Ring of Fire junior miner, KWG Resources announced it's raised $1.75 million through flow-through shares to help pay for exploration at its high grade chromium project in the James Bay lowlands.

In a Dec. 30 release, the Montreal-based company said it's using the proceeds to fund half of its current drilling program at the Big Daddy deposit, currently being conducted by Cliffs Chromite Far North, formerly Spider Resources.

Of the 17,500,000 units issued at a price of $0.10 per unit, insiders of the company purchased 2,500,000 units, or 14 per cent of the offering.