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KWG Resources Inc C.CACR

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

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.


CSE:CACR - Post by User

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Post by pickdawinneron May 23, 2013 9:43am
217 Views
Post# 21431315

Vic is pushing for RR infrastructure for ROF

Vic is pushing for RR infrastructure for ROF

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Liberal Silence on ONTC Costs Speaks Volumes

Liberal Silence on ONTC Costs Speaks Volumes

NORTH BAY – The fact the McGuinty-Wynne Liberals remain silent on their fabricated Ontario Northland cost savings claim is proof they haven’t been telling the truth all along, Nipissing MPP Vic Fedeli said today.

“Three weeks ago today, I held a news conference at Queen’s Park where I outlined details of what I have been saying since Day 1 — the divestiture of Ontario Northland would not save the $265 million the Liberals had claimed in the budget. I provided evidence that in fact it actually would cost Ontario taxpayers $265 million – a half-billion dollar swing,” Fedeli said.

“Since that day, not one Liberal staffer or politician has refuted this claim – not one!” exclaimed Fedeli, who initiated an Auditor General’s investigation into the Liberals’ ONTC divestment cost savings claims back in March.

“Their silence is extremely telling.”

Fedeli noted he received a response to an Order Paper Question stating “the ONTC divestment process is still under way” on April 29, just two days before his news conference.

“Then, days later, the Liberals suddenly state that divestment isn’t the only option. It’s hardly a coincidence they started to back off just days after their false accounting was exposed,” Fedeli said.

Fedeli added the Ontario PCs recently released their Northern Vision document, which states a clear plan for Ontario Northland.

“The ONTC should play a vital role in helping develop the Ring of Fire. I believe the best way to ship ore is by rail, which is in line with the New Deal proposal,” Fedeli said.

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