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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Post by zimmeeon Oct 11, 2018 5:31pm

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Post# 28784374

Special news came out this afternoon at 16h39 or 04:39 p.m.:

https://www.stockwatch.com/

KWG Resources terminates Oct. 12 special meeting

2018-10-11 16:39 ET - News Release

Mr. Bruce Hodgman reports

KWG RESOURCES INC.: ADJOURNED SHAREHOLDERS MEETING TERMINATED

KWG Resources Inc. has terminated the meeting of its shareholders which had been adjourned to 11 a.m. on Friday, Oct. 12, 2018. The purpose of the adjournment was to solicit votes in favour of a special resolution to amend the articles of incorporation of the company to provide its board of directors with authority to issue special shares. While a large majority of the shareholders voting supported the amendment, the solicitation failed to achieve the required two-thirds majority needed to pass the special resolution, and the meeting has been terminated.

About KWG Resources Inc.

KWG is the operator of the Black Horse joint venture after acquiring a vested 50-per-cent interest through Bold Ventures Inc. from Fancamp Exploration Ltd. KWG finances all joint venture exploration expenditures and Bold is carried for a 20-per-cent interest in KWG's interest.

KWG also owns 100 per cent of Canada Chrome Corp., which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railway to the Ring of Fire from Aroland, Ont.

We seek Safe Harbor.

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