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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.


CSE:CACR - Post by User

KWG Resources Inc
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Comment by Stockgmon Jul 05, 2019 10:13am
138 Views
Post# 29889352

RE:RE:RE:RE:RE:RE:RE:RE:RE:Big Picture

RE:RE:RE:RE:RE:RE:RE:RE:RE:Big PictureIf you read the announcent  closely, you would have seen that KWG maintanes all obligations and liabilities. The other party might not even be in the mining business. To me, this means KWG still owns what is in the ground and only released the articles or something along those lines. I also mentioned that it would be good news FOR ALL involved in the ROF as Noront and KWG have a joint venture in Big Daddy mine. However KWG holds the staked railway line all the way down to Aroland . A line that Noront may have to use one day. Just the way I see it...

KWG has agreed to assume all of the Company's obligations and liabilities in relation to the Properties, and will indemnify the Company from any losses it may suffer as a result of any matter respecting the Properties
Read more at https://stockhouse.com/news/press-releases/2018/11/26/debut-diamonds-announces-engagement-of-kwg-as-sales-agent-board-changes-private#ZcXM64qWX0kTE5K5.99
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