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KWG Resources Inc C.CACR

Alternate Symbol(s):  C.CACR.A | KWGBF

KWG Resources Inc. is a Canada-based exploration stage company. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.


CSE:CACR - Post by User

Bullboard Posts
Comment by StevieRay1on Dec 13, 2009 1:36pm
373 Views
Post# 16582319

RE: Very Simple...

RE: Very Simple...I believe you are wrong in assigning any percentage of Canada Chrome to Spider. Canada Chrome is 100% owned by KWG. Where their funding comes from is up for speculation at this point. As for funding for the railroad, I believe they are looking at raising the money by issuing some form of note or bond, with possibly the government`s assistance in some form. Sorry I can`t be more specific than that, but my memory of this is not that clear and financial economics is not my forté.

SRV
Bullboard Posts

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