KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

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.

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KWG Resources Inc

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Comment by StevieRay1on Jul 19, 2011 9:32pm

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Post# 18849796

RE: RE: RE: RE: PPP

The Option Agreement that Cliffs entered into with KWG in 2009, by which they acquired 71 million shares and the right to participate in future placements to maintain 19.9%, provides that Cliffs will not participate in any distribution of DDI shares.
It can't be any clearer than that. The Option Agreement was fulfilled. Cliffs got their shares and a member on the board. KWG got their money and Cliff's exclusion from any DDI distribution.

SRV

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This battery metals stock is on a path to the global stage