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 biggreekon Feb 28, 2013 3:58pm

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Post# 21057663

RE: RE: shareprice

KWG does not own 80% of Blackhorse, they have an option to acquire 80 %, right now they will deliver $3.3 million to Bold, a further 200 000 by July 1 st., in the second year they must come up with $500.000 option and do $2 million in work,in year 3 the same $500,000 option and $2 million in work and in order to earn full 80%, a $700,000 option payment and A PEA. only then can you say they have earned 80 %,which means Nemis gets his stake for free

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