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 [...]
KWG Resources Inc. is pleased to announce the closing today of the third tranche of its previously announced private placement of convertible debentures . This third tranche was comprised of an aggregate of $3,642,800 of debentures, bringing the total principal amount of debentures issued under all three tranches of the Private Placement to $7,404,117.08. The debentures are convertible into units with a deemed value of [...]
KWG Resources Inc. is pleased to announce the closing today of the second tranche of its previously announced private placement of convertible debentures . This second tranche was comprised of an aggregate of $350,660.08 of debentures, bringing the total principal amount of debentures issued under the first and second tranches of the Private Placement to $3,761,317.08. The Company may complete one or more additional [...]
KWG Resources Inc. is pleased to announce the closing today of the first tranche of its previously announced private placement of up to $5,000,000 of convertible debentures . This first tranche was comprised of an aggregate of $3,410,657 of debentures. The Company anticipates completing a second tranche of the Private Placement within the next several days. The debentures are convertible into units with a deemed value of [...]
KWG Resources Inc. is pleased to announce that Fiona Blondin has agreed to accept her election as a director of the Company. As the proxy materials for the Special Meeting of Shareholders to be convened September 21, 2021, have already been mailed, KWG management will be seeking at the shareholder meeting approval of KWG shareholders to expand the Company's Board of Directors from four to five, following which KWG [...]
KWG Resources Inc. has filed proxy materials for an Annual and Special Meeting of Shareholders to be convened on September 21, 2021 at which management will seek approval to amend the Company's Articles of Incorporation to, amongst other things, adjust the share exchange ratio between its multiple voting shares and its subordinate voting shares from 300:1 to 100:1 by subdividing each outstanding KWG.A multiple-voting [...]
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