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 Pear3on Mar 18, 2012 9:34am

271 Views

Post# 19686481

RE: RE: SHARES OUTSTANDING

Hey Inshula,

I talked to KWG IR about this...if the vote passes, then there is a requirement for a minimum number of shareholders (not shares) to actually do the conversion, for the new consolidated shares to be listed on the exchange...it is expected that this whole process (conversion and listing) will take a few months.

IMHO during those few months, word will get out to the institutional buyers...when the consolidated shares are finally listed, the anticipation and possibly the SP, will have been subjected to the Ont Gov bubject (27 Mar), the Fed budget (29 Mar), the new partnership (01 Apr) and possibly other material news from KWG or Cliffs (god knows there are a number of them that we are waiting for...not to mention the margin space created by the consoliadted shares.

It's my impression that this will be enough to create some buying pressure and as such the SP of both the consolidated and common shares.

Good luck to you and all KWG longs

Pear3 out!

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