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

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Post by Dragon23on Jan 31, 2024 5:04pm

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Post# 35855852

Tick, Tock

To date, Fancamp has received 1.1 million Canada Chrome Corporation’s Class A (CSE: CACR.A) shares for an aggregate value of $2.58 million as interest payments on the secured note.

The math is not in our favor folks.

When the deal with the devil was struck, it seems to have been based on a $4.2651 MVS value in the event of conversion of the $34.5m debt.

Already the interest payment on the loan has resulted in almost double the MVS handed over to satisfy the debt interest.

The interest payments made ($2.58m) has resulted in 1.1m shares being handed over, based on a MVS price of $2.36.

If it was based on the price of the MVS when the deal closed, the shares handed over would only be 610,000

If our share price continues to drop, FNC will not have to exercise any of their nefarious options to have this locked up. …..the interest payments (in shares) will insure their complete ant total control.

May be time to dump KWG and buy more FNC?????

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