KWG Resources Inc. announces completion of the conversion on March 31, 2021 of the outstanding Convertible Debentures convertible at the Company's option into Units with a deemed value of $21 per unit . Each Unit is comprised of four KWG.A multiple voting shares and four multiple voting share purchase warrants with each such warrant enabling its holder to acquire one further KWG.A multiple voting share from treasury upon [...]
KWG Resources Inc. announces that the time to exercise warrants to purchase KWG.A shares for $7.50 each will be extended to December 15th, 2022 upon conversion into Units of outstanding Convertible Debentures, effective as of March 31, 2021. The outstanding Convertible Debentures are convertible at the Company's option into Units with a deemed value of $21 per unit . Each Unit is comprised of four KWG.A multiple voting [...]
KWG Resources Inc. announced on January 22nd its intention to issue a Convertible Debenture to secure up to $1.1 million. The debenture will now be convertible at any time at the option of its holder, in whole or in part, into units at $7.50 each, comprised of one KWG.A multiple voting treasury share and a warrant to acquire at any time within 90 days a further KWG.A multiple voting treasury share for $10.00, or for [...]
KWG Resources Inc. and its railroad subsidiary Canada Chrome Corporation confirm their support of regional development in the Ring of Fire business plan that they propound. "Now that railroader Tony Marquis has joined us, our next step is to ask for the purchase order at the Canada-USA Critical Minerals Task Force," said KWG CEO Frank Smeenk. "Then we can all get busy making North America secure in chromium and making [...]
KWG Resources Inc. announces that it has granted options to buy for $3.00 each 279,470 KWG.A shares from treasury under the provisions of its Incentive Stock Option Plan. 114,285 options were awarded to the Company's four executive officers, 98,505 to its three non-executive directors and 66,680 to eight consultants. The options may be exercised at any time prior to their expiry on January 29th, 2026. Canada Chrome [...]
KWG Resources Inc. announces a proposed financing in which it intends to issue Convertible Debentures to raise up to $1.1 million. Each debenture will be convertible at any time at the option of its holder, in whole or in part, into units at $6.25 each, with each Unit being comprised of one KWG.A multiple voting treasury share and one warrant. Each warrant will be exercisable to acquire at any time within three years one [...]
KWG Resources Inc. is pleased to announce that Tony Marquis has agreed to be the President and Chief Operating Officer of Canada Chrome Corporation . KWG owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. Tony Marquis has been a top tier executive with both CN and CP, where he [...]
KWG Resources Inc. is pleased to announce the closing today of its previously announced non-brokered private placement of 280,000 flow-through units at a price of $1.5001 per Flow-Through Unit for aggregate gross proceeds of $420,028 . Each Flow-Through Unit is comprised of one multiple voting share of the Company issued on a "flow-through" basis in accordance with the Income Tax Act and one multiple voting share purchase [...]
KWG Resources Inc. is pleased to announce a proposed non-brokered private placement of up to 280,000 flow-through units at a price of $1.5001 per Flow-Through Unit for aggregate gross proceeds of up to $420,028 . Each Flow-Through Unit is comprised of one multiple voting share of the Company issued on a "flow-through" basis in accordance with the Income Tax Act and one multiple voting share purchase warrant , with each [...]
KWG Resources Inc. announces that due to circumstances created by the COVID-19 pandemic, the Ontario Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete statutory filings . The Company intends to make the filings for the quarter ended June 30, 2020 before the Extension expiry date of October 13 [...]
KWG Resources Inc. announces that due to circumstances created by the COVID-19 pandemic, the Ontario Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete statutory filings . The Company intends to make the filings for the quarter ended June 30, 2020 after August 29, 2020 but before the Extension [...]
KWG Resources Inc. announces that, further to its news release dated May 28, 2020, the Company is expecting to file its interim financial statements and management discussion and analysis for the period ended March 31, 2020 by the extension date of July 14, 2020 pursuant to Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements and continues to work diligently to prepare and file the [...]