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.

Copyright 2017 Canada NewsWire

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