KWG Resources Inc. announces that, further to its news release dated April 28, 2020, the Company is expecting to file its audited financial statements and management discussion and analysis for the year ended December 31, 2019 by the extension date of June 13, 2020 pursuant to Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements and continues to work diligently with its auditors to [...]
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 year-end statutory filings . The Company does not believe that it will be able to file its December 31, 2019 audited annual financial statements by [...]
The holder of a Convertible Debentures issued by KWG Resources Inc. for proceeds of $500,000 has agreed to extend its maturity until March 26, 2021. As consideration for the extension, KWG will distribute ferrochrome delivery warrants to the debenture holder and amend the redemption amount due and bearing interest as of December 19, 2019 to $525,000. For each $35.00 principal amount of Convertible Debentures, the [...]
Debentureholders Agree to Extend Due Date KWG Resources Inc. is pleased to announce that debenture-holders holding a requisite majority of Convertible Debentures issued by the Company with a maturity date of December 15, 2019 have agreed to extend until March 31, 2021 the time within which KWG may exercise the right to satisfy the Convertible Debentures by converting them into treasury units of the Company. Pursuant to [...]
KWG Resources Inc. has agreed to extend to December 2nd, 2019 the time within which the holder of its $500,000 convertible debenture may elect to exercise its conversion option. Within that time all or part of the sum secured by the debenture is convertible at the option of the holder 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 [...]
Toronto, Ontario-- - KWG Resources Inc. is pleased to announce closing on August 26, 2019 of the final tranche of its private placement of convertible debentures. This tranche was comprised of an aggregate of $395,450 of debentures, bringing the total principal amount of debentures issued under the various tranches of the Private Placement to $3,775,405.83. The debentures are convertible, at the option of KWG at any time [...]
KWG Resources Inc. is pleased to announce closing on June 17, 2019 of another tranche of its private placement of convertible debentures. This tranche was comprised of an aggregate of $100,000 of debentures. The debentures are convertible, at the option of KWG at any time or at the option of the holder within 30 days prior to maturity or redemption, into units with a deemed value of $21 per Unit. The subscriber received [...]
KWG Resources Inc. has applied for Canadian Securities Exchange approval for the private placement of a final tranche of $3,147,444 of debentures convertible at the option of KWG into units with a deemed value of $21 per unit . Each subscriber will receive an option to acquire an equal amount of additional debentures at any time within four months from closing. Each Unit is comprised of four KWG.A multiple voting shares [...]
KWG Resources Inc. is pleased to announce closing on March 15, 2019 of another tranche of its private placement convertible debentures. This tranche was comprised of an aggregate of $775,647.58 of debentures. The debentures are convertible at the option of KWG into units with a deemed value of $21 per unit. Each subscriber received an option to acquire an equal amount of additional debentures at any time within four [...]
Debut Diamonds Inc. today announced a series of transactions, including the engagement of KWG Resources Inc. as its exclusive agent to source buyers for its various diamond mineral resource properties, changes to its board of directors, a proposed private placement, a proposed conversion of debt into common shares of the Company, and the sale by KWG of all of the Common Shares that it previously held in Debut Diamonds [...]
KWG Resources Inc. , applauds Chief and Council of the Marten Falls First Nation for their leadership in assuming proponency of the Environmental Assessment for transportation infrastructure in their traditional territory. They made the following announcement Thursday afternoon: THUNDER BAY, ON, Nov. 22, 2018 - Marten Falls First Nation and Ontario announced the agreement to study a long-awaited community access road on [...]
KWG Resources Inc. applauds Chief and Council of the Marten Falls First Nation for their leadership in assuming proponency of the Environmental Assessment for transportation infrastructure in their traditional territory. They made the following announcement yesterday afternoon: THUNDER BAY, ON, Nov. 22, 2018 /CNW/ - Marten Falls First Nation and Ontario announced the agreement to study a long-awaited community access road [...]