Agoracom Blog Home

Archive for the ‘KWG Resources’ Category

Marten Falls & KWG to Propose Ring of Fire Mining Partnership, Meet With China Railway FSDI $KWG.ca

Posted by AGORACOM-JC at 8:21 AM on Tuesday, April 25th, 2017

   

  • Working towards establishing the principal terms of an equal partnership for the mining of chromite in the Ring of Fire
  • Parties envisage large-volume underground mining operations for the delivery of chromite raw materials by railroad, for further processing

TORONTO, ONTARIO–(April 25, 2017) – The Marten Falls First Nation has undertaken with KWG Resources Inc. (CSE:KWG)(CSE:KWG.CN)(FRANKFURT:KW6) (“KWG” or the “Company”) to work towards establishing the principal terms of an equal partnership for the mining of chromite in the Ring of Fire.

The parties envisage large-volume underground mining operations for the delivery of chromite raw materials by railroad, for further processing. The parties will travel to China in mid-May to establish interest in long-term offtake and financing arrangements there. They will also meet with China Railway First Survey & Design Institute Group (‘FSDI’) to discuss details of the feasibility study prepared for KWG last year by FSDI. The proposed railroad traverses the traditional territories of the Marten Falls, Webequie and Aroland First Nations.

The capital cost of creating the mining operation and its railroad is estimated to be $4 billion. The parties have requested that Ontario’s Ring of Fire Infrastructure Development Corporation indicate its willingness to provide a $1 billion guarantee as consideration for project financing terms from Chinese lenders.

The partnership is envisaged to include the Aroland and Webequie First Nations as well as the more remote members of the Matawa Council of First Nations. An offer of partnership will also be extended to Ring of Fire mineral claim holders Noront Resources Ltd., Fancamp Exploration Ltd., Bold Ventures Inc. and Probe Metals Inc.

About KWG:

KWG is the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Shares issued and outstanding: 1,022,316,001

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

KWG Resources Inc.: Globe & Mail’s Ring of Fire Claims Disregards News and Ottawa Investment $KWG.ca

Posted by AGORACOM-JC at 2:33 PM on Thursday, December 22nd, 2016

Kwglarge

  • Article by Rachelle Younglai in yesterday’s Globe & Mail overlooks the real news occurring a few days ago,
  • By instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario’s James Bay Lowlands

TORONTO, ONTARIO–(Dec. 22, 2016) – The article by Rachelle Younglai in yesterday’s Globe & Mail overlooks the real news occurring a few days ago, by instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario’s James Bay Lowlands. KWG Resources Inc. (CSE:KWG)(FRANKFURT: KW6) (“KWG”), Probe Resources Ltd. and Noront Resources Ltd. have previously reported (in regulatory filings under NI43-101) that there have been 343.4 million tonnes of chromite delineated by exploration drilling completed there to date, to a very shallow depth. These include measured and indicated resources of 20.5 million tonnes (“MT”) at 35.8% Cr2O3 (“%”), 137.7MT @ 31.5%, 5.4MT @ 29.3%, 29.1MT @ 31.7%, 8.6MT @ 37.4%, plus inferred resources of 23.5MT @ 33.1%, 3.4MT @ 28.1%, 1.6MT @ 37.8%, 26.8MT @ 29.3%, 0.9MT @ 22.8% and 85.9MT @ 34.5%. The tonnes documented thus far only, contain an average grade of more than 30% chromite.

Until a few days ago, chromium was priced at CA$1.10 per pound. However, last week terms for delivery from a major supplier in South Africa were settled with its customers in China, which consumes almost two-thirds of the globe’s output of this commodity. It was announced that for the first quarter of next year the price will be 50% higher, the equivalent of CA$1.65 per pound. Yesterday, The Economic Times reported that ferrochrome is expected to maintain higher price levels for an extended time. Accordingly, the values “between $31-billion and $54-billion” reported by the Globe & Mail are very demonstrably incorrect.

This Press Release contains disclosure required and approved by the Investment Industry Regulatory Organization of Canada which dictated that we remove an extrapolation of 30% chromite in 343.4 million tonnes into pounds of recoverable ferrochrome, or their in-situ value. However, we were required to add: “Please note, this reporting by the Globe and Mail, which we believe to be erroneous, does not meet the requirements for the reporting of mineral resources or mineral reserves as required by publicly reporting companies in Canada like KWG and Noront.”

Also, as a participant in both the Steering and Technical Committees supervising the Chromite Research Project of Natural Resources Canada’s CanmetMINING laboratories, KWG is aware of the Government of Canada’s commitment to advancing resource development in the Ring of Fire through research and development with industry to address increased efficiency and green processing technologies as they relate to chromite with the understanding that chromite deposits located in Ontario’s Ring of Fire have production potential that could make Canada a significant global producer, processor and supplier of products that contain chromium.

About KWG:

KWG is the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

M. J. (Moe) Lavigne, P.Geo., KWG’s Vice-President of Exploration & Development, is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

Shares issued and outstanding: 966,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

Bold Ventures and KWG Earn Initial Interest in Black Horse Project $KWG.ca

Posted by AGORACOM-JC at 2:22 PM on Friday, October 14th, 2016

Kwglarge

  • Met all of the conditions of the various agreements between the parties to now establish a joint venture for the Koper Lake Project under the terms of the option agreement with Fancamp
  • Parties have agreed that the project will be renamed the Black Horse Project.
  • Once the joint venture is established, KWG and Bold intend to continue to earn the further interests provided for in the agreements

TORONTO, ONTARIO–(Oct. 14, 2016) – Fancamp Exploration Ltd. (TSX VENTURE:FNC) (“Fancamp”) has confirmed that KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) and Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold”) have met all of the conditions of the various agreements between the parties to now establish a joint venture for the Koper Lake Project under the terms of the option agreement with Fancamp. The parties have agreed that the project will be renamed the Black Horse Project. Once the joint venture is established, KWG and Bold intend to continue to earn the further interests provided for in the agreements. Bold is carried through the exploration stage for a 20% interest in KWG’s interest in respect of chromite. For more information regarding the project please refer to the October 29, 2015 press release: http://kwgresources.com/kwg-bold-fancamp-extend-koper-lake-option/.

KWG has issued to Bold a convertible debenture of $267,858 and 5 million treasury shares in settlement of operator’s fees owed to Bold under the earn-in option. The debenture will bear interest at 5% compounded annually until payment, is due on January 15th, 2019, and may be converted by Bold at any time, in whole or in part, into KWG treasury shares at $0.05. The debenture must be repaid by KWG from any debt or equity issue proceeds of more than $1.5 million in any six-month period. KWG has also issued 1 million shares to Belgravia Funds Ltd. (London) for financial advisory services.

About Fancamp:

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory of properties and related assets. Company policy over the years has been, and continues to be, to reduce risk by bringing in participating partners through sales or options. The resulting shares, cash payments and royalties have enabled the generation of income to continue the process and take advantage of opportunity.

About Bold:

Bold Ventures works in both Ontario and Québec. In Ontario Bold has several claim groups in and around the Ring of Fire area of the James Bay Lowlands. The company is also earning an interest in the Koper Lake Project located directly adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently in the permitting stage. In Québec, Bold’s primary focus is on two projects. The Lac Surprise Project is located in west central Québec, approximately 50 km south of Chapais and within the historic Chibougamau-Chapais copper-gold camp. Bold is also exploring its 100% owned Lac Grasset project that straddles the Sunday Lake Deformation Zone in the Matagami area, within the historically prolific Abitibi Greenstone belt of North-western Québec.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Fancamp Exploration Ltd.
Peter H. Smith
514-481-3172
phsmith@outlook.com

Bold Ventures Inc.
416-864-1456
www.boldventuresinc.com

KWG Resources Inc.
416-642-3575
www.kwgresources.com

Bold Ventures and KWG Extend Koper Lake Option $KWG.ca

Posted by AGORACOM-JC at 3:52 PM on Friday, September 30th, 2016

Kwglarge

  • KWG and Bold Ventures Inc. have agreed to extend the expiry of the time for KWG to complete its Koper Lake Option earn-in expenditures to midnight Friday October 7th, 2016

TORONTO, ONTARIO–(Sept. 30, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) and Bold Ventures Inc. have agreed to extend the expiry of the time for KWG to complete its Koper Lake Option earn-in expenditures to midnight Friday October 7th, 2016. For more information regarding the project please refer to the October 29, 2015 press release: http://kwgresources.com/kwg-bold-fancamp-extend-koper-lake-option/

About KWG:
KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

Mining Commisioner Issues Final Order in Cliffs Bid for Easement Over KWG Railroad Claims $KWG.ca

Posted by AGORACOM-JC at 2:46 PM on Tuesday, September 27th, 2016

Kwglarge

  • Advises that the Mining and Lands Commission of Ontario has made a final Order that the “Pending Proceedings” notation be removed from the abstracts of the Mining Claims
  • Final Order also provided that no costs shall be paid by any party to the application.
  • Final Order follows the Supreme Court of Canada’s (“SCC”) dismissal of Canada Chrome Corporation’s application for leave to appeal the decision of Ontario’s Court of Appeal

TORONTO, ONTARIO–(Sept. 27, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) advises that the Mining and Lands Commission of Ontario has made a final Order that the “Pending Proceedings” notation be removed from the abstracts of the Mining Claims of KWG subsidiary Canada Chrome Corporation, that the time during which they were the subject of pending proceedings be excluded, and that a new anniversary date for the filing of prescribed assessment work be established.

The final Order also provided that no costs shall be paid by any party to the application.

The final Order follows the Supreme Court of Canada’s (“SCC”) dismissal of Canada Chrome Corporation’s application for leave to appeal the decision of Ontario’s Court of Appeal. The following citation was published on September 4th:

2274659 Ontario Inc. v. Canada Chrome Corporation, 2016 ONCA 145 (36973) Canada Chrome staked more than two hundred mining claims along the 340-kilometre corridor of high ground [south]ward from its deposit to Exton, Ontario. Canada Chrome wanted to build a railway along that corridor and drilled boreholes for that purpose. When a partner in [the] deposit decided to pursue a different deposit, it approached the Ministry of Natural Resources for easements allowing the construction of a road from that deposit to Nakina, Ontario. The requested easements passed directly over the boreholes drilled by Canada Chrome for its rail lines. When Canada Chrome refused consent to the easements, the Minister referred the application to the Commissioner under s. 51(2) of the Mining Act. The Commissioner dismissed the application. The Divisional Court allowed an appeal from that decision (decision of Commissioner set aside; application to dispense with Respondent’s consent granted). The C.A. dismissed the appeal. C.A.: appeal dismissed. “The application for leave to appeal . . . is dismissed without costs.”

“This means that an application to the Ontario Ministry of Natural Resources which was made by Cliffs Natural Resources in early 2012, for the grant of an easement over the claims of Canada Chrome Corporation, may now proceed,” said KWG President Frank Smeenk. “In the decision of the Divisional Court of Ontario issued July 30th, 2014 Madam Justice Swinton wrote ‘the issue being decided under s. 51(4) of the Mining Act does not deprive CCC of its ability at the next stage to oppose Cliffs’ easement application or to ask for conditions that would protect its legitimate interests in its mining claims.’ However there is no indication that the easement application will be continued.

“At the time of the Divisional Court decision the possibility of CCC building a railroad to transport ore over its claims from the Ring of Fire was dismissed. We believe that our engagement of China Railway First Survey & Design Institute Group Company Ltd. to complete a Bankable Feasibility Study substantially overcomes that incredulity.

“It is unfortunate that our exploration industry has generally come to believe that the Court decisions in this contest mean that anyone can use our ‘railroad claims’ for their own competing purpose. We had hoped that the Supreme Court of Canada might address that kind of issue by reviewing the decision of the Ontario Court of Appeal and confirming the ‘finders-keepers’ nature of mining claims staking in doing so. As that was not to be, we are pleased that this gratuitous attack on our company’s assets has now been exhausted and dissipated!”

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

KWG and China Railway FSDI Ink Strategic Cooperation Agreement – FSDI to Complete Conditional Bankable Feasibility Study $KWG.ca

Posted by AGORACOM-JC at 1:05 PM on Monday, August 22nd, 2016

Kwglarge

  • Entered a Framework Strategic Cooperation Agreement with China Railway First Survey & Design Institute Group Co., Ltd.
  • parties have also executed a Conditional Bankable Feasibility Study Consultation Service Agreement
  • Agreed on the deliverables and timetable for FSDI to complete a Conditional Bankable Feasibility Study on a railroad from the mineral properties in Ontario’s Ring of Fire to a junction with the CN Railroad at Exton, Ontario

TORONTO, ONTARIO–(Aug. 22, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG“) announces that it has entered a Framework Strategic Cooperation Agreement with China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”). Pursuant to the Strategic Cooperation Agreement, the parties have also executed a Conditional Bankable Feasibility Study Consultation Service Agreement (“BFSCS”). Under terms of the BFSCS the parties have agreed on the deliverables and timetable for FSDI to complete a Conditional Bankable Feasibility Study on a railroad from the mineral properties in Ontario’s Ring of Fire to a junction with the CN Railroad at Exton, Ontario.

The Study will include:

  • Traffic volume estimates
  • Corridor Alignment identification
  • Transportation/Operating plan
  • Geological analysis
  • Track design parameters and recommended design
  • Subgrade design parameters and recommended design
  • Bridge and culvert design parameters and recommended design
  • Yard and siding design parameters and recommended design
  • Analytical study of land use evaluation
  • Rolling stock evaluation
  • Water supply and drainage design
  • Telecommunication functional design and specification
  • Signalling system functional design and specification
  • Electrical power supply design and specification
  • Building functional specification and design
  • Construction schedule
  • Detailed CAPEX
  • Financial and economic analysis and financing strategy
  • Environmental Impact assessment and mitigation plan

Plans, Maps, Profiles and Sections to be included also:

  • Recommended Corridors and Preferred Alignment Plan
  • Recommended Corridors and Preferred Alignment Profile
  • Geographical Location Map of Preferred Corridor
  • Locomotive Routing Diagram
  • Geological Map of Project Area
  • Detailed Geological Map
  • Geologic Profile of Preferred Alignment
  • Key Bridge Location Plan
  • Key Bridge Site Plan
  • Comparison Drawing of Bridge Designs
  • Geologic Profile for Key Bridge Sites
  • Junction, Loading and Unloading Yard Layouts
  • Communication Network Map
  • General Layout of Signalling Equipment
  • Sketch of Existing Signalling Equipment at Junction and Rebuilding Plan
  • Power Supply Diagram for entire project
  • Remote Controlled Devices Electrical System Layout
  • Mechanical and Electrical Equipment Monitoring System Layout
  • Linear Construction Schedule Diagram

The BFSCS contemplates that the Conditional Bankable Feasibility Study will be completed by the end of 2016.

Marten Falls and Webequie First Nations Partnership:

As the various studies and plans are completed they will be shared with the Chiefs of the Marten Falls and Webequie First Nations for dissemination within their communities to facilitate consideration of KWG’s proposal to create an equal partnership with them in the integrated mining and transportation operations.

Ring of Fire Area Chromite Resources:

The Conditional Bankable Feasibility Study is not a “feasibility study” as defined by CIM Definition Standards (per NI 43-101 Standards of Disclosure for Mineral Projects) and is not intended to establish the technical and economic feasibility of the chromite projects. The traffic volume and economic studies will take account of the various defined chromite resources documented in the area by all mineral claim owners.

CANARAIL Agency:

KWG has engaged CANARAIL Consultants Inc. to provide the specialized professional services and data that will be required of KWG as the client of FSDI. CANARAIL will provide current materials and services pricing in Canada together with design advice and assistance in complying with local environmental, social and other applicable standards to facilitate and expedite completion of the feasibility study.

Golden Share Agency:

The Agreements were facilitated by Golden Share Mining Corporation (TSX VENTURE:GSH), KWG’s agent in China, which will be issued 500,000 shares of KWG to compensate it for the value of and in lieu of costs incurred since January of this year in the course of the agency.

About FSDI:

Established in 1953, China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) holds 26 national Grade-A complex qualification certificates for engineering survey, design, supervision and consultation.

Over the past 60 years since establishment, FSDI has led the design and construction of over 48,000 km of railways represented by western China’s railway network, and undertaken over 5,000 km of high-speed railways which have been in operation or are under construction in China.

FSDI has undertaken rail transit projects in over 30 cities of China, fully covering the whole process or industrial chain of planning, design, consultation, supervision, EPC and general property development of means of transport such as subway, light rail and tramcar. It has also undertaken railway, highway and subway consultation and design projects measuring a total of over 2,000 kilometers in over 40 countries.

FSDI’s complete survey & design technologies have been up to domestic or world advanced standards in fields such as mountain railways, plateau permafrost railways, desert railways, electrified railways, super long tunnels, large railway hubs or marshalling stations, wireless train control, command scheduling systems, and large interchange engineering.

About CANARAIL:

Founded in 1991 and based in Montreal (QC), CANARAIL is a Quebec-based rail consulting and engineering firm that specializes in mining, heavy haul freight, and urban domains. CANARAIL is known for its expertise in feasibility studies, consulting, detailed design, and the supervision of construction of major projects across all components of a railway project: infrastructure, rolling stock, systems, operations, etc. Over the last 25 years, CANARAIL has participated in over 800 projects in Canada, the Middle East, Asia, Africa, North America, Australia, Europe, and Latin America (see: www.canarail.com). Among its accomplishments:

  • Eastern Canada: Feasibility Study for a 330km multi-user mining railway in Northern Quebec (Plan Nord)
  • Western Canada: Refurbishing of the GoldLeaf cars of the Rocky Mountaineer fleet
  • Saudi Arabia: Feasibility study, engineering and supervision of the construction of a new 2400 km rail link: North South Railway
  • Afghanistan: Feasibility study for a new 600 km rail link in the northern part of Afghanistan
  • East Africa: Feasibility study for the improvement of the accessibility of rail services in Rwanda, Burundi and Tanzania
  • Bangladesh: Feasibility study of seven different railway projects to improve the Trans-Asia connectivity

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Cautionary Note Regarding ForwardLooking Statements: This Press Release contains or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Should one or more of these risks and uncertainties, such as: the Conditional Bankable Feasibility Study on a railroad from the mineral properties in Ontario’s Ring of Fire to a junction with the CN Railroad at Exton, Ontario not being completed by China Railway First Survey & Design Institute Group Co., Ltd.; the actual results of current exploration programs; risks normally incidental to exploration and development of mineral properties; the uncertainty of mineral resources estimates; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; the grade and recovery of ore varying from estimates; the general risks associated with the mining industry; adverse changes in commodity prices; currency and interest rate fluctuations; increased competition and general economic and market factors occur, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forwardlooking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forwardlooking statements.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

KWG Halted, PENDING NEWS $KWG.ca

Posted by AGORACOM-JC at 9:36 AM on Monday, August 22nd, 2016

Kwglarge

TORONTO, Aug. 22, 2016 – The following issues have been halted by IIROC:

Company: KWG Resources Inc.

CSE Symbol: KWG

Reason: Pending News

Halt Time (ET): 9:22 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

KWG Shareholders Approve Multi-Voting Share $KWG.ca

Posted by AGORACOM-JC at 1:23 PM on Thursday, August 18th, 2016

Kwglarge

  • Reconvened to vote on a Special Resolution seeking authority to create (by conversion of common shares for holders electing to do so) multiple voting shares re-convertible into their constituent common shares
  • When the adjourned meeting was reconvened this morning 401 million shares were represented by proxy and 363 million of these were instructed to vote in favour of the Special Resolution. The holders of 115 million shares attended the meeting and voted in favour of the Special Resolution.

TORONTO, ONTARIO–(Aug. 18, 2016) – The shareholders of KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) concluded their Annual and Special General Meeting this morning when it was reconvened to vote on a Special Resolution seeking authority to create (by conversion of common shares for holders electing to do so) multiple voting shares re-convertible into their constituent common shares.

The meeting had been adjourned on July 21, 2016 prior to a vote on the resolution as only some 60% of the votes available to be cast at the meeting were then in favour. Of KWG’s 961 million outstanding shares, proxies for a total of 501 million shares were voted at that meeting and proxies representing 200 million shares were then instructed to be voted against the Special Resolution. The Company reported that its two largest shareholders, voting some 36% of the shares represented in person or by proxy at the meeting, had provided proxies that opposed the initiative which was overwhelmingly supported by the majority of KWG’s numerous individual shareholders. In the result, only some 60% of the votes available to be cast at the meeting were in favour and the meeting was adjourned without the Special Resolution having been put to a vote.

When the adjourned meeting was reconvened this morning 401 million shares were represented by proxy and 363 million of these were instructed to vote in favour of the Special Resolution. The holders of 115 million shares attended the meeting and voted in favour of the Special Resolution.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

KWG Retains CANARAIL $KWG.ca

Posted by AGORACOM-JC at 10:36 AM on Wednesday, July 27th, 2016

Kwglarge

  • Engaged CANARAIL Consultants Inc.
  • Providing specialized services and data that will be required of KWG for completion of a rail feasibility study for the Ring of Fire project

TORONTO, ONTARIO–(July 27, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) is pleased to announce that it has engaged CANARAIL Consultants Inc. to provide the specialized professional services and data that will be required of KWG as the client, for the completion of a rail feasibility study for the Ring of Fire project proposed by China Railway First Survey & Design Institute Group Co. Ltd. (‘FSDI’) as the contractor.

“CANARAIL benefits from the unique expertise that it has gained in providing similar services to other mining interests either here in Canada or abroad”, said KWG President Frank Smeenk. “CANARAIL’s knowledge of current materials and services pricing in Canada plus what it takes to design and build a mining railway while complying with local environmental, social and other applicable standards will prove to be of great assistance in facilitating and expediting completion of the feasibility study proposed by FSDI.”

About CANARAIL:

Founded in 1991 and based in Montreal (QC), CANARAIL is a Quebec-based rail consulting and engineering firm that specializes in mining, heavy haul freight, and urban domains. CANARAIL is known for its expertise in feasibility studies, consulting, detailed design, and the supervision of construction of major projects across all components of a railway project: infrastructure, rolling stock, systems, operations, etc. Over the last 25 years, CANARAIL has participated in over 800 projects in Canada, the Middle East, Asia, Africa, North America, Australia, Europe, and Latin America (see: www.canarail.com). Among its accomplishments:

  • Eastern Canada: Feasibility Study for a 330km multi-user mining railway in Northern Quebec (Plan Nord)
  • Western Canada: Refurbishing of the GoldLeaf cars of the Rocky Mountaineer fleet
  • Saudi Arabia: Feasibility study, engineering and supervision of the construction of a new 2400 km rail link: North South Railway
  • Afghanistan: Feasibility study for a new 600 km rail link in the northern part of Afghanistan
  • East Africa: Feasibility study for the improvement of the accessibility of rail services in Rwanda, Burundi and Tanzania
  • Bangladesh: Feasibility study of seven different railway projects to improve the Trans-Asia connectivity

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

KWG AGM to Reconvene August 18, 2016; Blogger’s Social Media Claims Groundless $KWG.ca

Posted by AGORACOM-JC at 10:24 AM on Monday, July 25th, 2016

Kwglarge

  • Company’s management continues to seek proxies to be voted in favour of a Special Resolution when the meeting reconvenes

TORONTO, ONTARIO–(July 25, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) has fixed the date for the reconvening of its shareholders meeting which was adjourned last Thursday.

Adjourned Annual Meeting to reconvene Thursday August 18th

KWG announces that the Annual and Special General Meeting of its shareholders which was adjourned last Thursday, July 21st, 2016, will reconvene at the same venue: Norton Rose Fulbright Canada LLP, Suite 3800, Royal Bank Plaza, South Tower, 200 Bay Street, Toronto, Ontario, M5J 2Z4 at 11:00 o’clock Thursday morning, August 18th, 2016. The Company’s management continues to seek proxies to be voted in favour of a Special Resolution when the meeting reconvenes.

The Company’s two largest shareholders held the majority of 200 million shares voted against the resolution, while most of KWG’s numerous individual shareholders have thus far voted 315 million shares in favour. Management will seek to change voting instructions on existing proxies from being cast against to being voted in favour of the Special Resolution. Management will also seek additional proxies from those shareholders who have not yet voted to secure additional votes in favour of the Special Resolution, all in order to have the Special Resolution passed with a two-thirds majority, if possible. That would provide authority to create (by conversion of common shares for holders electing to do so) multiple voting shares exchangeable back and forth at any time and from time to time with common shares, by an amendment to the Company’s articles of incorporation, if necessary. The amendment of the articles of incorporation may not be necessary if other listing mechanisms or derivatives can be used instead. In that event, the demonstration of support by the majority of shareholders would prove compelling.

Breach of Confidentiality by ‘Goodheart’

Claims published by the blogger ‘Goodheart-r’ to the effect that KWG is in possession of material information that has not been timely disclosed, have no basis in fact.

To facilitate a comprehensive reconnaissance due diligence visit by eight professional railroad engineers employed by China Railway First Survey & Design Institute Group Company, Ltd. (‘FSDI”) in late April, KWG engaged the services of five individual professional translators who each were retained to accompany the group separately in various parts of the trip. One of these was able to provide translation services for us for meetings in Toronto, North Bay and Montreal because her spouse was available to drive her to these locations so as to be able to connect with the group upon their arrival. While she has maintained the confidentiality of these engagements, he has not and it appears his motives were in fact to try to obtain inside information with which to enhance his stature and currency in his social media circles. However, the suggestions he has published about what KWG and FSDI have agreed to are untrue and a source of regret and embarrassment for KWG and its management.

There has been ongoing communication between the parties since the reconnaissance trip, under the aegis of the Memorandum of Understanding signed by FSDI and KWG and announced on January 19th, 2016. Should the continuing communications and negotiations culminate into one or more additional agreements to supersede the Memorandum of Understanding, the parties will make timely disclosure of such material information at such time. Neither the translator nor her spouse has been a party to any of these subsequent and substantive communications.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com