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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. 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.


CSE:CACR - Post by User

Bullboard Posts
Post by westernkidon Jan 03, 2016 3:21am
234 Views
Post# 24425547

Negotiations Chinese Style ...

Negotiations Chinese Style ...
Patience. The Chinese are very famous and patience in their takeover steps (although "takeover" is not [to my knowledge] in their language). The Canadian government and mining industries should be well aware of these steps. 1. Funding. They will loan but probable want 50% ownership of the company stock. 2. They then will want multiple Directors - on the Board. 3. Contract: They will want, in the contract, that if a requirement for more funds arise that they will have the 1st rights of refusal to lending the money. And, the loans will be paid back on a quarterly basis, and they will require the loan, and the interest, to be paid back in stock shares. 4. Other Concessions; Special lower pricing (discounts schedules), things like preferential treatment for first in line for monthly mine production and processing plants. Dedicated Rail Road Cars used only for their materials and sent to their own Ships for ocean transportation. ...
Bullboard Posts