NATCHEZ, Miss., July 12, 2017 /CNW/ -- KFG Resources Ltd.
President, Robert A. Kadane,
announced today that the Company's subsidiary, KFG Petroleum
Corporation, Natchez, MS.
purchased a 5.47 working interest in the Fayette Field,
Jefferson County, MS. effective
July 1, 2017. It is payable in
three monthly installments of $20,000
each. Payout, assuming no oil price increases, is 35
months. No debt will be taken on to finance the
transaction.
The Company's common shares are listed on the TSX Venture
Exchange, Vancouver, B.C.
trading symbol "KFG".
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE KFG Resources Ltd.