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.

CSE:CACR - Post by User

KWG Resources Inc > KWG/FNC loan agreement

<< Previous

Bullboard Posts

Next >>

Comment by Dragon23on Jan 18, 2024 12:42pm

140 Views

Post# 35833897

RE:KWG/FNC loan agreement

Full control...and Controlling Interest it is.....IMO

Scrutinize the details a bit...it sure seems like a veritable stranglehold to me. Am I interpreting this wrong, or can FNC exercise their option as below and practically own KWG? I hope Frank has a back up plan....or we are at the mercy of FNC????

The "Immediately Prior".....& "Immediately Following" paragraphs in the Sept 2, 2022 FNC news release:

Also bullet 3 (*) in the July 21, 2022 NR under Details of Proposed Transaction

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages