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 oreelseon Sep 26, 2012 10:23am

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Post# 20415424

RE: RE: KWG unit engages railroad engineering firm

Net Smelter 1% Royalty sold to Anglo Pacific was $18 million.

"MONTREAL, QUEBEC--(Marketwire -08/04/11)- KWG Resources Inc. (TSX-V: KWG.V - News) has completed the sale of net smelter royalty interests ("NSR") in the Black Thor, Black Label and Big Daddy chromite deposits to Anglo Pacific Group PLC (TSX: APY.TO - News)(LSE: APF.L - News) for US$18 million.

Half of the purchase price has been received by KWG and the remaining 50% has been received by an escrow agent to be held in escrow for a period of three months as security for KWG's indemnification obligations to the purchaser in connection with the transaction. The sale of the NSR was effected by way of the sale of shares of 7207565 Canada Inc., the KWG subsidiary that holds the royalty."

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