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 > KWG/FNC loan agreement

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Post by FromSudburyon Jan 09, 2024 10:13pm

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Post# 35818595

KWG/FNC loan agreement

With regards to the loan agreement:

1) KWG gets bought out by Wyloo or BHP, and the loan and interest gets paid to FNC, along with gains on warrants ($34.5 million principal + accrued interest + gains on warrants)

Or

2) KWG doesn't get bought out and the loan matures (maybe after extentions of the agreement); resulting in FNC getting a substantial share position in KWG; perhaps contolling interest

What I'm not sure of is the incremental interest payments.
Will KWG be giving FNC interest payment shares every month/quarter/yearly to satisfy interest payments, and will that be based on a 5 day trading price?

Or will all the accrued interest be paid upon matruity or on a buyout, whichever occurs first\?

For disclosure purposes, I have a few shares in KWG but lots of FNC

Interested on some feedback with regards to this deal.

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