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 gbengaon Jun 28, 2010 9:50am

364 Views

Post# 17226836

$0.19 Offer is for BOTH KWG and SPQ each

Just to clarify, Clifs is offering
.19 for KWG as well. Here is from the NR: "

Spider has also provided details of the Cliffs
.19 Offer to KWG as required under the Combination Agreement. Under the terms of the Combination Agreement, for 5 business days following such notification, KWG has the right, but is not obligated, to amend the terms of the Combination Agreement. The deadline for KWG to match the Cliffs
.19 Offer will expire at 12:01 a.m. (Eastern time) on July 6, 2010."

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