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Published on 4/6/2010 in the Prospect News PIPE Daily.

KFG Resources cancels C$1.95 million private placement of units

By Devika Patel

Knoxville, Tenn., April 6 - KFG Resources Ltd. said it has canceled plans for a C$1.95 million private placement of units. The deal priced Jan. 22.

KFG, through its wholly owned subsidiary KFG Petroleum Corp., drills for and produces crude oil and natural gas in Mississippi, Kansas and Texas. It is based in Natchez, Miss.


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