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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 MarlboroDogon Mar 08, 2017 4:38pm
76 Views
Post# 25953462

RE:RE:RE:RE:RE:RE:insider

RE:RE:RE:RE:RE:RE:insider

No shares, regular or Supershare, held after February 21st, are eligible to be voting.

February 21st was the Date of Beneficial Ownership, as per the SEDAR releases, so the entities holding shares at close of trading on that date are the ones who are officially allowed to vote at the April 21st meeting.

Shares from the two PP's will both be issued after the DBO, and thus won't be able to participate in voting on whatever needs to be voted on.  That COULD also mean that they don't participate in any other benefits.  For example, if there had been a plan to spin off assets the same way that had been done with DDI and CCC, the shareholders who owned shares on February 21st would be the ones to get shares of the spinoff.

My own opinion is that I wouldn't be surprised if a scenario along these lines actually happened.  I say that because the SP was fluttering around 3 cents up to and including the DBO, and then almost immediately dropped a day later.  Therefore, the market somehow saw the shares as being less valuable immediately after February 21st.  The "right to vote" isn't worth a third of the price of the stock, so something else must have been removed from the value of the SP to suddenly drive it down.

I could also be incorrect with that speculation.  It could also be that market sentiment just happened to diminish at the same time.

So with respect to your question, once again ... changing the structure of the shares from the upcoming PP won't allow them to get into the vote, for whatever that's worth.
 

Bullboard Posts