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.

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KWG Resources Inc

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Post by Tumbleweed67on Sep 06, 2009 2:13am

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Post# 16282561

WHILE WE WAIT...

Seems to be a few people around this long weekend. Perhaps one of you can help me with a couple of queries?

1) CANADA CHROME: What is the reason for creating a subsidiary like this? Is this a normal action in a case like this, or is this a bit unusual? I understand the reason given for creating Debuts Diamonds, but not to sure about Canada Chrome. Is it to give them the option of selling it off for a tidy sum down the road? Perhaps to Cliff's? Selling to Cliff's would kinda negate the reason for shedding Debuts though. Any thoughts?

2) TSX: On a more general note, why do shareholders seem to get so excited about a company graduating to the TSX, or panicking when a company is downgraded from the TSX. What are the implications that make shareholders so happy to see their company move up? I believe tighter regulations, and higher listing fees might be a difference, but why is it so desirable? What is the significant benefit to the company and it's shareholders?

Thanks
TW

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