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 Jan 19, 2015 2:09pm

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Post# 23335881

RE:PRB Windfall a KWG ROF Leadership Plus

By Judy McKinnon WSJ Jan. 19, 2015 8:30 a.m. ET "Goldcorp, which already owns a 9.3% stake in Probe Mines, said shareholders of the smaller company will receive 0.1755 of a Goldcorp share in the deal, valuing Probe’s shares at C$5 each.The deal represents a 49% premium to Probe’s closing price on Friday and will result in Goldcorp issuing about 17 million shares. Goldcorp said Probe shareholders will also receive a stake in a new exploration company that will hold its mineral properties in the Ring of Fire district in northern Ontario, plus C$15 million in cash and certain other assets currently owned by Probe. Goldcorp will own about 9.3% of the new company."

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