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 Jun 16, 2010 5:04pm

419 Views

Post# 17195456

MERGER? BUYOUT?

I am sooo confused :(
I thought this was a "marriage" of 2 companies with equal assets...merger?
What is meant by KWG'S "offer"? Doesn't "offer" imply buyout?
Isn't KWG's "offer" an arbitrary number which fluctuates daily, of which the true value will only be known at the time of conversion?
Seems to me all they need to do is get something out to the market to start boosting the SP, thus creating a higher perceived value for SPQ shareholders.
For example, IF we were at
.14 today, times the roughly 1.21 exchange rate for SPQ shares, our "offer" would be worth almost
.17 right now, trumping Cliff's offer.
Is this not right?

Thanks,
TW

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