KWG Resources Inc. is pleased to announce that, following obtaining shareholder approval at the Company's shareholder meeting held on September 21, 2021, the Company will implement the subdivision of its multiple voting shares on a basis of one existing Multiple Voting Share being subdivided into three post-subdivision Multiple Voting Shares. The subdivision of Multiple Voting Shares is being undertaken in conjunction [...]
Frank Smeenk is pleased to announce the acquisition on October 22, 2021 of ownership of an aggregate of $805,000 of convertible debentures through a private placement completed by KWG Resources Inc. The Debentures are convertible into an aggregate of 53,666 Units comprised of 107,332 Multiple Voting Shares and 53,666 Warrants or an aggregate of 48,299,400 subordinate voting shares of the Issuer calculated on the basis of [...]
KWG Resources Inc. is pleased to announce the closing today of the third tranche of its previously announced private placement of convertible debentures . This third tranche was comprised of an aggregate of $3,642,800 of debentures, bringing the total principal amount of debentures issued under all three tranches of the Private Placement to $7,404,117.08. The debentures are convertible into units with a deemed value of [...]
KWG Resources Inc. is pleased to announce the closing today of the second tranche of its previously announced private placement of convertible debentures . This second tranche was comprised of an aggregate of $350,660.08 of debentures, bringing the total principal amount of debentures issued under the first and second tranches of the Private Placement to $3,761,317.08. The Company may complete one or more additional [...]
KWG Resources Inc. is pleased to announce the closing today of the first tranche of its previously announced private placement of up to $5,000,000 of convertible debentures . This first tranche was comprised of an aggregate of $3,410,657 of debentures. The Company anticipates completing a second tranche of the Private Placement within the next several days. The debentures are convertible into units with a deemed value of [...]
KWG Resources Inc. is pleased to announce that Fiona Blondin has agreed to accept her election as a director of the Company. As the proxy materials for the Special Meeting of Shareholders to be convened September 21, 2021, have already been mailed, KWG management will be seeking at the shareholder meeting approval of KWG shareholders to expand the Company's Board of Directors from four to five, following which KWG [...]
KWG Resources Inc. has filed proxy materials for an Annual and Special Meeting of Shareholders to be convened on September 21, 2021 at which management will seek approval to amend the Company's Articles of Incorporation to, amongst other things, adjust the share exchange ratio between its multiple voting shares and its subordinate voting shares from 300:1 to 100:1 by subdividing each outstanding KWG.A multiple-voting [...]
KWG Resources Inc. has engaged Rail-Veyor Technologies Global Inc. and Cormorant Utility Services Ltd. for the preparation of Design Engineering Feasibility Proposals to construct an ore haulage system and electrical power transmission lines to the Ring of Fire and several contiguous remote communities. The power line proposal will enable the Rail-Veyor proposal to be prepared on the basis of Hydro One electricity rates [...]
KWG Resources has engaged Rail-Veyor Technologies Global Inc. and Cormorant Utility Services Ltd. for the preparation of Design Engineering Feasibility Proposals to construct an ore haulage system and electrical power transmission lines to the Ring of Fire and several contiguous remote communities. The power line proposal will enable the Rail-Veyor proposal to be prepared on the basis of Hydro One electricity rates rather [...]
KWG Resources Inc. has been requested by staff of the OSC to publish clarification of certain matters following an issue-oriented review by Staff of the OSC of KWG's continuous disclosure record. The Company has filed a number of technical reports in accordance with NI 43-101. They include technical reports for the Big Daddy deposit dated May 27, 2011 and November 12, 2014. The May 2011 technical report is a preliminary [...]
KWG Resources Inc. announces that it has granted options to buy for $7.95 each 98,817 KWG.A shares from treasury under the provisions of its Incentive Stock Option Plan. 20,667 options were awarded to the Company's four executive officers, 51,164 to its three non-executive directors and 26,986 to seven consultants. The options may be exercised at any time prior to their expiry on June 18th, 2026. The Company also [...]
KWG Resources Inc. subsidiary CANADA CHROME CORP has launched a website focusing on transportation of mine production from the Ring of Fire mineral interests. The website includes a scoping study report prepared for CCC by Rail-Veyor Technologies Global Inc for the transportation of 10 million tons per annum of chromite ore. "This appears to be a very viable option for our ore-haulage mining-claims, with tremendously [...]
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