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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

Bullboard Posts
Comment by oreelseon Sep 25, 2016 12:44pm
160 Views
Post# 25275596

RE:RE:Done deal

RE:RE:Done dealWorth rereading: When the adjourned meeting was reconvened this morning (Aug 18, 2016) 401 million shares were represented by proxy and 363 million of these were instructed to vote in favour of the Special Resolution. The holders of 115 million shares attended the meeting and voted in favour of the Special Resolution.<br /> <br /> KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse Chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the Engineering and Construction of a Railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the Direct Reduction of Chromite to Metalized Iron and Chrome using Natural Gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two Chromite-Refining Patent Applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

The Special Resolution is now of great interest to China & no doubt even moreso to North America & KWG's friends: Glencore, Stephen Harper, Bill Gates & Donald Trump. 
Bullboard Posts