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

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Comment by ClayTauruson Jan 22, 2024 9:28am

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Post# 35838689

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

Hi MB,

Amendments to conversion is for past remuneration (all stock in the subsidiary, btw) as stated in the PR... There is no remuneration going forward, hence the "dollar-a-year" description.

So what we have left is a happy, motivated, and significant shareholder whose interests are aligned with ours, and whose abilities and connections go far beyond ours.

What's there not to like?

PS - I did have a bit of wine with dinner last night.

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