KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

KWG Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the discovery, delineation, and development of chromite deposits in the James Bay Lowlands of Northern Ontario. It is focused on two projects, which include Black Horse Project and Big Daddy Project. The Company’s Black Horse Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Black Horse chromite deposit, including over 1,024 hectares covered by four unpatented mining claims. The Big Daddy Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Big Daddy chromite deposit, including over 1,241 hectares covered by seven unpatented mining claims. The Company also owns a 30% interest in certain mining property claims contiguous to McFauld’s Lake in Ontario. Its subsidiaries include Canada Chrome Corporation, SMD Mining Corporation, Canada Chrome Mining Corporation, and Muketi Metallurgical General Partner Inc.

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KWG Resources Inc

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Comment by SergeBruneton Mar 11, 2010 12:40pm

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Post# 16871547

RE: RE: Cliff

Trix,

According to that press release, if they should exercise all the warrants, they will have 19.9% ownership of KWG. Unless CLF has acquired more shares on the market, they should still just be beneath the 20% line. I think KWG did issue some shares to others since then. The only thing that I am unsure is if FWR's KWG shares (now CLF's) would make it so that exercising it all would balance it above 20%. One thing is for sure, CLF has until 2014 to exercise them... a pretty sweet deal if you ask me!... I'd like to get some of these warrants!

Have a great day!

SB

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