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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

Comment by Aallyyon Jan 21, 2024 12:37pm
118 Views
Post# 35837947

RE:RE:RE:RE:New Press Release - KWG Amends Option for Equity Conversion by CCC

RE:RE:RE:RE:New Press Release - KWG Amends Option for Equity Conversion by CCCThe connection between the two companies is Rajesh Sharma, on both boards. 

He is also on the board of fellow FNC's directors' companies EDM, Platinex and NeoTerrex.  He was put in place at FNC by Mehra, Billings and Ankcorn in 2020. It was the classic Julius Ceasar story and although they didn't physically take  down Smith, the continual defamation against the guy who Co founded the company in '86 is out there and although counter challenged can't be easy for anyone in that circumstance. They play dirty and it shows. The recent selected private placement with a mysteriously delayed AGM is a prime example.

The deal they did with KWG/CACR remains to be seen how it will turn out and would imagine Frank Smeenk has had a few surprises from FNC which has slowed his plans down where a plan of arrangement or merger with them is concerned. Perhaps he will find a navigable route without them. Let's hope so.


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