TORONTO, ONTARIO--(Marketwired - Mar 13, 2015) - KWG Resources Inc. ("KWG") (CSE:KWG)(TSX VENTURE:KWG)(FRANKFURT:KW6) has reached agreement with Bold Ventures Inc. ("Bold") (TSXV: BOL) to satisfy its obligations to make the third payment of $700,000 required under Bold's option agreement with Fancamp Exploration Ltd. ("Fancamp") (TSXV: FNC) on the Black Horse claims (the "Option Agreement"), by delivery to Fancamp of 35 [...]
TORONTO, ONTARIO--(Marketwired - Jan 27, 2015) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) ("KWG") announces that it has acquired today an additional 144,464,000 common shares in the capital of Debut Diamonds Inc. ("Debut") at a price of $0.01 per share through a private placement from treasury in settlement of all of the debt owed by Debut to KWG. As a result of the above-noted acquisition, KWG now owns or [...]
TORONTO, ONTARIO--(Marketwired - Jan 27, 2015) - Debut Diamonds Inc. (CSE:DDI) ("Debut") is pleased to announce that it successfully completed its previously announced (see news release dated December 22, 2014) private placement (the "Private Placement") of an aggregate of 144,464,000 common shares ("Shares") in settlement of $1,444,640 of debt at $0.01 per share. All shares were issued to [...]
TORONTO, ONTARIO--(Marketwired - Jan 27, 2015) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) subsidiary Canada Chrome Corporation has received an Order of the Court of Appeal of Ontario granting leave to appeal the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014. As reported on August 1, 2014, the Divisional Court decision ruled that CCC's consent should be waived [...]
TORONTO, ONTARIO--(Marketwired - Jan 21, 2015) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) ("KWG") announces that it has withdrawn its amended and restated preliminary short form prospectus dated November 13, 2014 due to market conditions. KWG will consider other financing alternatives as needed. About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse [...]
TORONTO, ONTARIO--(Marketwired - Jan 21, 2015) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) ("KWG") is pleased to announce that it has retained the services of RBL Communications Inc. ("RBL") to implement and manage a complete online awareness and marketing program (the "Program"). Over the next 12 months, the Program will provide KWG with exposure on prominent Tier 1 Financial websites such as Kitco [...]
TORONTO, ONTARIO--(Marketwired - Jan 16, 2015) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6), reports that Loeb King Capital Management advised its clients in a letter dated January 13, 2015 that "the funds will begin an orderly liquidation". According to a Bloomberg News report issued yesterday Loeb King Capital Management, an investment firm with about $1 billion, is closing after principal Gideon King decided [...]
Debut Diamonds Inc. is pleased to announce that it successfully completed a $50,000 private placement. An aggregate of 5,000,000 common shares were sold $0.01 per Unit. The gross proceeds to Debut from the Private Placement will be used to fund exploration expenses which qualify as "Canadian Exploration Expenses" (within the meaning of the Income Tax Act (Canada)) in connection with Debut's projects in Ontario. The [...]
TORONTO, ONTARIO--(Marketwired - Jan 6, 2015) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) announces that it has received from the US Patent Office's International Searching Authority the International Search Report in response to its application to patent a new process for the direct reduction of chromite utilizing natural gas, a carbon reductant, and a catalyst formulation. The Search Report indicates that the [...]
Debut Diamonds has agreed to convert its outstanding indebtedness to KWG Resources into new treasury shares of Debut to discharge a fixed and floating charge to KWG securing $1.44 million of advances. Debut was granted an exemption to the minimum listing price policy of the Canadian Securities Exchange to convert the loan balances into treasury shares of Debut at $0.01 each. Effective on January 1, 2015 Debut will issue [...]
TORONTO, ONTARIO--(Marketwired - Nov 14, 2014) - KWG Resources Inc. ("KWG" or the "Corporation") (TSX VENTURE:KWG)(FRANKFURT:KW6) is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the "Amended Prospectus"), which amends the preliminary short form prospectus filed by the Corporation on August 15, 2014. The Corporation has obtained a receipt from the securities regulatory [...]
TORONTO, CANADA--(Marketwired - Nov 5, 2014) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6), announces that by mutual agreement of the parties, KWG and Bold Ventures Inc. ("Bold") have extended to December 30, 2014, the deadline by which KWG must provide that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement and expend an aggregate of $8,000,000 on the property [...]