KWG Resources Inc. is pleased to announce that on September 30, 2022 it gave notice to all holders of Series 2021 Convertible Debentures that it has elected to convert all principal and accrued interest owing on the Debentures aggregating $6,609,419.86 into shares and warrants on November 2, 2022. Under the terms of the Debentures, KWG has the option, exercisable at any time after September 29, 2022, on 30 days' notice [...]
Fancamp Exploration Ltd. and KWG Resources Inc. are pleased to announce that, further to their joint press releases dated July 21, 2022 and August 10, 2022, they have closed the sale by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the "Koper Lake-McFaulds" mineral properties, comprised of four "legacy" mining claims that cover approximately four square kilometers [...]
Fancamp Exploration Ltd. and KWG Resources Inc. are pleased to announce that Bold Ventures Inc. has delivered a signed waiver in respect of its right of first refusal to acquire Fancamp interests in the four Koper Lake-McFaulds mining claims that contain the Black Horse chromite discovery, which KWG has offered to acquire from Fancamp as previously announced. The receipt of Bold's waiver will enable Fancamp and KWG to [...]
Fancamp Exploration Ltd. and KWG Resources Inc. are pleased to announce that they have entered into a binding agreement dated July 20, 2022 with respect to a proposed transaction involving the sale by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the "Koper Lake-McFaulds" mineral properties, comprised of four mining claims located within the "Ring of Fire" in the Province [...]
KWG Resources Inc. announces that it has received and filed as a Notice of Material Change on its SEDAR profile, a copy of the Canadian Chromite R&D Initiative Chapter 1.1 Chromite R&D Initiative - Background, Objectives, Approach and Summary of Accomplishments dated January 2022 and Canadian Chromite R&D Initiative Chapter 3.2.1 Direct Reduction of Chromite Conceptual Approach and Overview dated September 2021. The two [...]
KWG Resources Inc. and Canada Chrome Corporation are pleased to announce their receipt of an Electrical Infrastructure Capex Report from OneLine Engineering, Engineering Branch of EPTCON Ltd., a Cormorant Utility Services Company . The report notes that previous project financings of such infrastructure capital cost were based on 30-year amortization for debt at an interest rate of 5% per year in 2012, when the Bank of [...]
KWG Resources Inc. is pleased to announce that it has completed the issuance of ferrochrome warrants of the Company to those who held $3,879,956 of convertible debentures which had been issued in 2017 and 2018 and whose December 2019 maturity dates were extended in December 2019 to March 26 and March 31, 2021. As consideration for extending the maturity dates, the Company agreed to issue to each holder of Convertible [...]
KWG Resources Inc. and its subsidiary, Canada Chrome Corporation , are pleased to announce that, in accordance with the provisions of the agreements entered into with Rail-Veyor Technologies Global Inc. and Cormorant Utility Services Limited , each of Rail-Veyor and Cormorant acquired common shares of CCC in payment of fees of $1,538,460 and $2,400,000, respectively, for their respective engineering and design services [...]
KWG Resources Inc. and its subsidiary, Canada Chrome Corporation , are pleased to announce their receipt of an Engineering and Design Services Report from Rail-Veyor Technologies Inc. The report estimates that the capital cost of construction of a Rail-Veyor tramway system designed to transport 10 million tonnes of chromite yearly over 338 kilometres from the proposed underground workings of a potential mine at the [...]
KWG Resources Inc. is pleased to announce that Megan McElwain will be appointed the Company's President & COO effective January 1, 2022. Ms. McElwain leaves her role as the Vice-President and General Manager of the Canadian Chamber of Commerce. She was previously Director of Development of The Fraser Institute. Frank Smeenk will continue to be KWG's Chief Executive Officer. About KWG: KWG is the Operator of the Black [...]
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 [...]
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