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KWG Resources Inc C.CACR

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

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

Bullboard Posts
Post by SergeBruneton Mar 11, 2010 2:32am
453 Views
Post# 16869267

Cliff

CliffCLF will probably exercise its warrants at 0.05 USD/share with its latest debt financing...

From the April 15th press release:

As a result of the conversion of the Debenture, Cliffs now holds an aggregate of 71,584,056 Common Shares and 31,535,623 Warrants representing 19.9% of the issued and outstanding Common Shares on a fully diluted basis. Each Warrant entitles Cliffs to purchase one (1) Common Share at US
.05 until March 16, 2010 and US
.10 thereafter (subject to the undertaking of KWG to reduce such price to US
.05 upon regulatory approval) and is exercisable for 20 business days following the issuance by KWG of 5 Common Shares upon the exercise of any of the warrants, options and other rights to purchase or obligations of KWG to issue Common Shares outstanding as at January 20, 2009. To the extent not previously exercised the Warrants will expire on March 16, 2014, at the latest.

SB
Bullboard Posts