KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

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 Chuckles2on Sep 16, 2010 12:23pm

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Post# 17456185

RE: One Billion Dollars

From the Cliffs press release, eplaining the intended use of the $1B of notes they are floating: "The net proceeds from the issuance of the Senior Notes are expected tobe used for the repayment of all of the borrowings outstanding under theCompany's credit facility, as well as for general corporate purposes,which may include, among other things, the funding of certain capitalexpenditures and other strategic transactions."

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Visionstate set to leverage success in the U.S. market