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 fahrenheit911on Apr 30, 2015 4:26pm

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Post# 23682478

RE:RE:RE:RE:Noront Completes Acquisition of Securities of KWG Resources

This notice just advises that the sale of Cliffs assets to NOT has been completed in relation to shares of KWG. Nothing could have been done with the shares until the sale was completed.

Will be interesting to see now what happens between Not and KWG as Not can now legally deal with the Cliff assets as the owner. We know that Frank submitted an offer to buy back these shares to the bankruptcy court which was declined. This may now might be a the litmus test going forward to see what NOT will do If Frank now gives them the same offer. Suggest that NOT could probably use what could be in excess of $3- 4 million that was offered.

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