The hearing of an application to The Mining and Lands Commissioner of Ontario that commenced on Monday February 4th, was concluded last Thursday afternoon with the tribunal reserving its decision in order to review and consider the evidence and arguments put before it during the two-week hearing.
TORONTO, ONTARIO -- (Marketwire) -- 02/04/13 -- KWG Resources Inc. (TSX VENTURE: KWG) announces that it has agreed to fund Bold Ventures Inc. ("Bold") as the Operator to drill off the Black Horse chromite discovery, commencing with an initial program starting as soon as the transaction with Bold closes. The intent of the program is to determine whether this chromite mineralization occurs in sufficient quantity and [...]
MONTREAL, QUEBEC -- (Marketwire) -- 12/31/12 -- KWG Resources Inc. (TSX VENTURE: KWG) ("KWG" or the "Company") has completed a non-brokered private placement (the "Placement") of 24,398,332 common shares of the Company issued on a "flow-through" basis at a price of $0.06 per share for aggregate gross proceeds of $1,463,900. The proceeds from the Placement will be used for eligible flow-through exploration expenses and [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/22/12 -- The KWG Resources Inc. (TSX VENTURE: KWG) Board of Directors has authorized the launching of a new normal course issuer bid for the purchase of up to 33.5 million of its common shares subject to the approval of the TSX Venture Exchange ("TSXV").
KWG believes that its common shares currently trade in a price range that does not adequately reflect their underlying value [...]
KWG Resources advises that trading in its shares was halted for an announcement this morning by the General Chairperson's Association (GCA), representing unionized employees at Ontario Northland Transportation Commission. The GCA has announced a revitalization plan for ONTC that includes the proposed construction of a rail link to the Ring of Fire mineral deposits in the James Bay Lowlands, where KWG has extensive claims.
KWG Resources announces that Rene Galipeau has submitted his resignation as Director to the Board of Directors of KWG Resources Inc. The Company is grateful to Mr. Galipeau for his service as its Board Chairman throughout the proposed merger with Spider Resources Inc. and the subsequent redirection of its undertakings when Spider's outstanding shares were acquired by Cliffs Natural Resources Inc. Mr. Galipeau will [...]
The KWG Resources subsidiary Canada Chrome Corporation has filed applications with the Ministry of Natural Resources for thirty-two aggregate permits at sites that are located within the mineral claims covering the company's 308 kilometre-long railroad right-of-way. The sites were identified and investigated by Golder Associates during initial assessment work conducted for engineering feasibility studies as previously [...]
The KWG Board of Directors has authorized the expenditure of up to $200,000 more for the purchase of up to 31.9 million of its common shares by way of normal course purchases on TSXV. KWG has purchased for cancellation a total of 7,460,000 shares of the Company for $500,000, at an average price of $0.0664 per share since commencing its purchases following the announcement of its intention to do so last October. KWG's [...]
KWG has taken delivery of a 43-101 compliant resource estimate from Sibley Basin Group. The resource estimate is an update based on a 42-hole core-drilling program totaling 13,459 metres completed in March, and managed by the project operator, Cliffs Chromite Far North Inc. The objective of the program was to upgrade resources to the indicated and measured categories, suitable for use in mine design.
KWG and Cliffs Natural Resources have now had an opportunity to consider the results of the smelting test conducted with part of the bulk sample recovered during last winter's drilling program at the Big Daddy deposit. The test confirmed that the sample can produce a marketable charge chrome grade of ferrochrome product with relatively low energy consumption. However, the test experienced less than ideal conditions in the [...]
KWG delivered last Thursday its materials to comply with the Mining and Lands Commissioner's Order to File. The Order to File was issued on March 15, 2012 in consequence of the Minister of Northern Development and Mines referring to the Commissioner an application made to the Minister of Natural Resources ("MNR") under the Public Lands Act by a subsidiary of Cliffs Natural Resources Inc. ("Cliffs"), for an easement over [...]
The adjourned meeting of the shareholders of KWG was concluded in Toronto yesterday. The proposed resolution to amend the Company's Articles to provide shareholders with an ongoing option to consolidate each 50 of their common shares into one 50-vote share, re-convertible at any time into 50 single-vote shares, was passed by the majority of the minority ballot. In this ballot, all shares held by insiders who voted at the [...]
-4,76 %
+9900,00 %