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KWG Resources Inc C.CACR

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

Metals & Mining Copper
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.


CSE:CACR - Post by User

KWG Resources Inc
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Comment by Tumbleweed67on Aug 26, 2009 3:25am
317 Views
Post# 16250017

RE: RE: More insider buying---incredible

RE: RE: More insider buying---incredibleThe full picture:

(d) a description of:

(i) the interest in the transaction of every interested party and of the related parties and associated entities of the interested parties:

Frank Smeenk, a director and the President and Chief Executive Officer of the Company, purchased 6,450,000 FT Units pursuant to the Offering.

Mr. Lavigne, the Vice President of Exploration and Development of the Company, purchased 1,000,000 FT Units.

Bruce Reid, a director of the Company purchased 5,000,000 FT Units.

Cliffs Greene B.V. ("Cliffs"), a shareholder of the Company owning more than 10% of the outstanding common shares of the Company prior to the completion of the Offering, acquired 8,750,000 Units pursuant to the Offering.

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