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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Comment by Tumbleweed67on Apr 20, 2010 1:27pm

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Post# 17011475

RE: RE: What the heck is happening today?

I think our struggles are related to more than just the PP:

These warrants were issued to Cliffs to enable it to avoid dilution of its interest in KWG, and became exercisable upon the exercise of warrants held by third parties to acquire 25,083,845 common shares of KWG.

I would venture a guess that we are also working through some of these shares from those exercised warrants? Assuming these are the cheaper warrants that were due soon, they probably paid around 6 cents. What a sweet deal...exercise 2M warrants at 6 cents+/- and then sell 1M at 12 cents.
End result...1M free shares.

Just a thought
TW

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Futures Flat Amid Key Data in Canada and US