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 Feb 28, 2013 3:07pm

161 Views

Post# 21057326

RE: RE: RE: RE: RE: RE: For polly

I can't unequivocally say you're wrong, but when you say make an offer of 0.12....my question is to whom?? if it's out in the market, then that's a hostile take-over and it is illegal if you are considered an insider. That was not the case with Spider and that's why there were three unsolicited offers (0.13, 0.16 and 0.19 ) with many KWG SHs who dissented along with KWG, until they (KWG) gave in at 0.19.

In this case, I believe the KWG shareholders cannot be approached (by Clf) with an offer until it is presented to the KWG board for approval following a valuation. If Clf decides to buy on the open market and surpass the 20% level, then they have to make their intentions known before proceeding any further. That is my understanding...any one else willing to offer confirmation either way. Thanks

Pear3

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