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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

Post by nothingbutruthon Jun 02, 2022 2:45pm
218 Views
Post# 34727340

NO RESPONSE FROM KWG. OSC Reviewing further.

NO RESPONSE FROM KWG. OSC Reviewing further.Hey Doggy...no response at all from KWG.  Here is OSC's response.

"Thank you for your complaint to the Ontario Securities Commission (OSC) concerning possible market manipulation in the shares of KWG Resources Inc. (KWG).  

KWG is a reporting issuer in Ontario and the OSC is its principal regulator.  

I have forwarded the information you provided to the Enforcement branch of the OSC for further review.  Their review of this matter will focus on potential violations of Ontario securities law.  Please note that regulatory reviews, and any subsequent investigations, are conducted confidentially.  Any issues that staff may identify will be addressed with the issuer directly.  Information that can be made public is posted on the OSC website at www.osc.ca under "Tribunal" and then "Tribunal Proceedings": https://www.osc.ca/en/tribunal/tribunal-proceedings 

IIROC
IIROC monitors the trading of securities on the marketplaces it regulates to ensure compliance with the Universal Market Integrity Rules (UMIR), which regulate trading activity in Canada.

If this monitoring detects evidence of possible illegal insider trading or market manipulation, the details are referred to the Ontario Securities Commission or other provincial regulators as appropriate.  

I appreciate your concern and the information you have sent, and I am forwarding your concerns to IIROC for their review by way of copying them in this email.  For your reference, additional information about IIROC, and its contact information, is available at www.iiroc.ca.

If you have any questions about this information, you are welcome to contact me at the number below, and I would be happy to help.


Sincerely,

Brigitte Sinapi"

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