KWG Resources Inc C.CACR

KWG Grants Options and Proposes Private Placement of $5 Mil

[greasemonkies]

https://www.stockwatch.com/News/Item/Z-C!KWG-3100430/C/KWG

 

ORIGINAL: KWG Grants Options and Proposes Private Placement of $5 Million Convertible Debenture

 

2021-06-18 14:57 ET - News Release

 

Toronto, Ontario--(Newsfile Corp. - June 18, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that it has granted options to buy for $7.95 each 98,817 KWG.A shares from treasury under the provisions of its Incentive Stock Option Plan. 20,667 options were awarded to the Company's four executive officers, 51,164 to its three non-executive directors and 26,986 to seven consultants. The options may be exercised at any time prior to their expiry on June 18th, 2026.

The Company also announces that it proposes to complete a private placement of debentures convertible at the holder's option at any time or Company's option after the first anniversary date into treasury units at $15 each (a "Unit"), for total proceeds of $5 million. The debentures will bear interest at 12% payable in Units at maturity on June 30, 2023, or upon earlier conversion. Each unit will be comprised of two KWG.A multiple-voting shares and one multiple-voting share purchase warrant enabling its holder to acquire one further KWG.A multiple-voting share from treasury upon payment of $9.60 at any time before December 15th, 2023.

About KWG: KWG is the Operator of the Black Horse Joint Venture ('JV') after acquiring a vested 50% interest through Bold Ventures Inc ('Bold') from Fancamp Exploration Ltd ('Fancamp'). KWG funds all JV exploration expenditures and Bold is carried for a 20% interest in KWG's interest. KWG has also received patents in Canada, South Africa and Kazakhstan and is prosecuting patent applications in India, Indonesia, Japan, South Korea, Turkey and the USA for the direct reduction of chromite to metalized iron and chrome using natural gas and an accelerant. It has also received a USA patent for production of low carbon chromium iron alloys.

Canada Chrome Corporation:
CCC is a wholly owned subsidiary of KWG which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. Its COO Tony Marquis has been a top tier executive with both Canadian National Railroad and Canadian Pacific Railroad, where he played an integral role in the two most successful railroad turnarounds in North America. At both companies, he worked closely with his mentor, the legendary Hunter Harrison, who led both railroads to becoming the most efficient in the industry.

For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ [e-mail]

Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and KWG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any securities that may be described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88049

© 2021 Canjex Publishing Ltd. All rights reserved.

[investorat]

I am sorry GM Frank and company deserve squat. What has Frank accomplished? Zippo! 5 million in debentures.????? How many times has he ever filled his asks?? The only reason the stock is not at half a cent is because of a name Tony Marquis Time for the bunch of them to go!

[FordVictoria]

I received the email if I want to get into the PP hahaha, KWG has not changed, management making money and the retail suffering.  same old story. 

[ETalien]

For once I would like to see us small potatoes get some rewards. Why can't they offer us free shares for being loyal after so many years! 

[greasemonkies]

Just show us results for this long patient wait, plain and simple KWG needs to show investors progress. What's happening regarding our revolutionary patents on processing Ferrochrome, where is 50/50 partnership, where is results from strategic minerals task force, where are we? Where is FN on this task force? What is happening with RailVeyor ?  If you can't show any progress soon, KWG

[ETalien]

We need a damn update! 

[Dragon23]

Mr/Mrs flip-flop ......when you were doing your pump a while back......I get it now....when it seemed you said the share price would take off.....after it reached your predicted 4 or 5 cents.......you really meant that you were taking off.....ahhhh.....got it. I sure hope legitimate investors here have seen through your nonsense. And that your absence continues. So far, you have added NOTHING of

[investorat]

Drag- On You are frickin hilarious. What 130 reads of your own drivel.Doyou sit there and read your crapola over and over. Oh yeah that East West road is coming. 31.5 cents moron for your loyalty Great buy At least i state when Frank underperforms You just are too stupid to know when Coutts doesn't

[Dragon23]

Sir/madam......you have NEVER....posted anything that enlightens investor knowledge. Nothing. Prove me wrong. Why are you here? If you want to learn, sit back, shut your trap, and watch the share price that.......takes off.

[investorat]

Give it a break Dimwit. Your knowledge base could be written on a pinhead. Pinhead! Wheres that East West road and the big NORONT breakout. You would be well advised to learn yourself 10 year nickel mine worth and crushing debt. 31.5 cents a share Noront experts What a laugh

[Dragon23]

So....the challenge remains....when and where have you added ANY value to to this investor forum? You haven't. Except to pump foolishly. Why? Because you do not know any better. Shut up and you just might learn something. A small might though. Now, run along, and play in your sandbox.

[investorat]

I guess when you live in your moms basement like you do your perspective is poor. Wheels on the Bus is a scholar compared to you. You just pretend you're not a moron. Moron

[Dragon23]

The challenge: what have you EVER contributed to this investor forum? Nonsensical and asinine posts about SAFS, (of which you know nothing), KWG share price appreciation, and other ramblings don't count. One post, just one, where you have intelligently added ANY value to investors???????? They do not exist. Get lost.

[investorat]

You really shouldnt mix drugs and alcohol Drag On. How about you grow up ,get a job and move out of moms basement. You still believe in Noronts mythical SAF. Well dont worry about it .They are done anyway. Wyloo has more smarts than the Noront Brain Trust. Enjoy your 31 cents . Investors that bought in at 2,3,4 or 5 dollars must be impressed lol

[Dragon23]

Again....idiotic nonsense posts about what? You have no clue, I repeat, no clue whatsoever about what is going on here. Why are you here? Again ...what have you ever added to this forum that is beneficial to investors? Just one thing?

[investorat]

One simple thing. Proving for years you were a Noront idiot. End of story. Enjoy your windfall.

[Dragon23]

Follow the story......if you can......and we will let the board here decide who the idiot is. Again, why are you here, and just one, one thing you have contributed of value to investors?

[investorat]

Lol What irony "Enjoy your windfall" The property the brain trust sold that is worth a small fortune now! Karma is painful sometimes

[Dragon23]

Once more, you are showing that you are a miscreant. You are not able to provide ONE SINGLE thing of value you have provided investors on this forum. I am calling you out as a fraud, and someone up to no good whatsoever. Now, beat it.

[Mistyblue]

Just another pay day, same old same old Frankie Sneek....