KWG Resources Inc. (CNSX:KWG) announced private placement of convertible debentures for gross proceeds of CAD 1,100,000 on January 22, 2021. Each debenture is convertible into units at a fixed conversion price of CAD 6.25 per unit, with each unit consists of one multiple voting treasury share and one warrant. Each warrant will be exercisable at CAD 7.85 per multiple voting treasury share for a period of three years. The debentures will mature in 2 years and bears fixed interest of 6% per annum, payable annually in units, until maturity or discharge. On March 12, 2021, the company announced that the debenture will now be convertible into units at a fixed conversion price of CAD 7.50 per unit. Each warrant will now be exercisable at any time within 90 days at CAD 10, or at CAD 12 within 180 days, or at CAD 15 within 360 days.