Bullboard - Stock Discussion Forum 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... see more

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KWG Resources Inc > Wyloo Already owns KWG shares

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Post by chickendinner on Jan 16, 2023 12:38pm

Wyloo Already owns KWG shares

when Wyloo bought Noront they inherited a whole bunch of KWG shares. Does anybody know how many shares they got from the buy? wyloo might already own more than 10% of KWG. if that is the case Wyloo cannot buy any more shares without stating their intentions regarding KWG. Am I correct in this assumption?

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Comment by ETalien on Jan 16, 2023 12:41pm

I believe it's roughly 111 Million shares.

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Comment by lou64 on Jan 16, 2023 12:45pm

Reasoning behind they play ping- pong with shares .... buy - sell ...contain - roll back They do not need to report

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Comment by miner540 on Jan 16, 2023 12:50pm

ET - I believe you are correct. Wyloo owns less than 10% and as a result does not have to disclose any transactions. Once they hit 10%, they must disclose both their holdings and every transaction (buy or sell).

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