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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Comment by ClayTauruson May 10, 2022 5:12pm

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Post# 34672042

RE:RE:RE:RE:Why

There's a reference to a NR dated July 27,2021, so I'd guess CCC stock they took was convertible into KWG stock on similar terms to the PP of Debs at that time.

"...The Cormorant Utilities proposal will cost CA$2.4 million and the Rail-Veyor proposal US$1.2 million and will be paid for with treasury shares of Canada Chrome Corporation which may be tendered in payment for options to acquire KWG.A shares from treasury, at CA$7.95 per share. Subscriptions to the previously announced $5 million convertible debenture private placement are expected to be completed in early August. ..."

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Advancing flagship Ishkõday Gold Project in Ontario