KWG Resources Inc C.CACR

Alternate Symbol(s): C.CACR.A | KWGBF

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 miner540on Jan 17, 2023 12:11pm

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Post# 35228218

RE:Question

I think it was different shareholders. Yesterdays selling was a pure arbitrage play - selling KWG at $0.03 and buying KWG.A at $2.40. The volume on KWG.A was almost 100,000 shares equal to 10M shares of KWG.

Looking at the actual sales - sold 200K at $0.03 (net $6K) and bought 2500 at $2.40 (net cost $6K). The end result was increasing exposure to KWG stock from 200K shares to 250K shares at no cost - it was a freebee. This transaction was repeated many times during the day.

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