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KWG Principal Shareholders Diverge From Majority $KWG.ca

Posted by AGORACOM-JC at 12:55 PM on Thursday, July 21st, 2016

Kwglarge

Annual and Special General Meeting voting resoundingly in favour of the re-election of the Company’s incumbent Board of Directors but then, very ambiguously, not supporting that same management’s principle initiative

TORONTO, ONTARIO–(July 21, 2016) – The shareholders of KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) have held their Annual and Special General Meeting voting resoundingly in favour of the re-election of the Company’s incumbent Board of Directors but then, very ambiguously, not supporting that same management’s principle initiative. A tally of proxies delivered for use at the meeting in respect of a proposed Special Resolution intended to provide the market in KWG’s shares with possible additional liquidity mechanisms, indicated that, if put to a vote, the Special Resolution would fall short of the desired two-thirds of the votes represented at the meeting. Accordingly, the meeting was then adjourned without a vote being held in respect of the Special Resolution to a date to be announced.

Annual Meeting voting results

Of KWG’s 961.3 million outstanding shares, proxies for a total of 501 million shares were voted at the meeting re-electing as directors Douglas Flett (98.43% in favour), Thomas Pladsen (98.41% in favour), Donald Sheldon (98.44% in favour), Frank Smeenk (98.77% in favour) and Cynthia Thomas (97.37% in favour). However, proxies representing 200.2 million shares were instructed to be voted against the 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 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.

“Since 1929 the ‘penny stock’ market has been denied access to margin credit and put-and-call option trading”, said KWG President Frank Smeenk. “This has perhaps in the past served well the interests of promoters and their underwriters, but often not so much the investors. We are determined to bring the benefits of those liquidity mechanisms to the owners of KWG so that its value can be fairly established in capital markets which include both those mechanisms and the very numerous sophisticated investors who seek their utility. This is particularly opportune now, as our Company’s undertakings increasingly come to international attention for their long-term strategic value. But, we do not want to leave behind the many thousands of our owners who are content to speculate only in the ‘penny market’. Our proposed solution is to do to our shares what all governments that circulate currency do to their money: let it be usable in both small denomination coins (pennies, nickels and dimes) and large denomination bank-notes (dollar bills), interchangeable back and forth at any time in accordance with a fixed exchange ratio. Instead of coins and bank-notes, KWG would have single-vote shares and multiple-vote shares, interchangeable back and forth at any time in accordance with a fixed exchange ratio. The support of the vast majority of our numerous individual shareholders has been gratifying and we are quite hopeful of soon being able to provide them with this simple mechanism. We think that it will increase considerably the liquidity in the market for shares in our Company and largely close the chasm between what their present sellers would take and what their buyers would pay. For KWG, a ‘penny market’ that trades in 1/2 cent increments has ceased to be of service for its shareholders. And, as there is no financial penalty in listing fees on the Canadian Securities Exchange, we have a unique opportunity to leave all of our issued shares outstanding. In this way we hope to avoid the disintermediation of our many enthusiastic small shareholders by the usual consolidation of capitalization, a route taken by so many other junior resource companies, and the consequent loss of liquidity from destruction of their tradable board lots which results.”

Recovery Process studies budgeted by Natural Resources Canada unit

The Steering Committee overseeing the Canadian Chromite R&D Initiative of Natural Resources Canada’s Canmet Mining unit recently approved programs and budgets for further research including KWG’s proprietary direct reduction method of producing ferrochrome with natural gas. KWG will provide sample material from the Black Horse chromite occurrence for use in the research programs.

Private Placement addition

The Canadian Securities Exchange has granted permission for the completion of one final tranche of the previously-announced private placement of units, for $150,000. Each of the 7.5 million further units will comprise one new treasury share and one warrant; each warrant may be exercised to acquire a further treasury share for $0.05 at any time within five years from closing. KWG applied for and was granted relief to the CSE’s minimum price rule. All shares issued will have a hold period of four months.

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.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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KWG Proposes Partnership With Webequie & Marten Falls $KWG.ca

Posted by AGORACOM-JC at 4:08 PM on Thursday, June 2nd, 2016

Discussed with the Chiefs of the Webequie and Marten Falls First Nations an outline of principal terms for the possible creation of an equal partnership through which to undertake the development and exploitation of mineral deposits in the Ring of Fire

TORONTO, ONTARIO–(June 2, 2016) – In meetings this week KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) has discussed with the Chiefs of the Webequie and Marten Falls First Nations an outline of principal terms for the possible creation of an equal partnership through which to undertake the development and exploitation of mineral deposits in the Ring of Fire.

“A little more than a year ago now, we welcomed the Webequie and Marten Falls First Nations joining forces to act together in concluding a ‘Negotiation Protocol Respecting Early Exploration in the Ring of Fire,'” said KWG President Frank Smeenk. “The railroad feasibility study that China Railway FSDI proposes to undertake for us is based on the railroad being part of the large-volume underground chromite mining operations being envisaged to supply a gas reduction processing facility where the chromite would be upgraded to ferrochrome. Those mining and transportation capital assets will be largely located within the traditional territories of Webequie and Marten Falls.

“As we seek offtake terms for this potential new ferrochrome supply, it is crucial that such terms include a floor price which insures these large-volume operations, once begun, can continue without interruption for the many decades possible. To guarantee this we have proposed to transfer our mining claims into a limited partnership provided that Webequie and Marten Falls make an investment into the limited partnership equal to KWG’s. We have offered to provide them with a non-recourse loan of $40 million to facilitate this.

“The shares of the General Partner managing the limited partnership would be equally held by KWG as to half, and Webequie and Marten Falls jointly, as to the other half. Both shareholders would appoint an equal number of Directors but the Chairman of the Board would be a KWG nominee.”

Webequie Chief Cornelius Wabasse and Bruce Achneepineskum, Chief Marten Falls FN, have undertaken to study the proposal with their respective councils. The parties have also agreed to discuss at a later date the opportunities for equity participation in KWG subsidiary Muketi Metallurgical LP, which is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA.

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Cautionary Note Regarding Forwardâ€Looking 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 proposed partnership with Webequie and Marten Falls First nations not materializing; the feasibility study by China Railway FSDI not being undertaken; any offtake agreement not being concluded or negotiated; 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 forwardâ€ looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forwardâ€looking statements.

Shares issued and outstanding: 960,868,218

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, chromite, ring of fire, ROF
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KWG Applauds Important Canadian Governmant Budget Support

Posted by AGORACOM-JC at 2:13 PM on Thursday, March 24th, 2016

Pleased that the Government of Canada made allocations in the budget announced on Tuesday that will assist development of the Ring of Fire
As reported by the Mining Association of Canada, the budget addressed a number of issues that it had raised, including:
- Investments in key regulatory agencies, such as the Canadian Environmental Assessment Agency (CEAA) and Fisheries and Oceans Canada, that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.

TORONTO, ONTARIO–(March 24, 2016) – KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) is very pleased that the Government of Canada made allocations in the budget announced on Tuesday that will assist development of the Ring of Fire. As reported by the Mining Association of Canada, the budget addressed a number of issues that it had raised, including:

Investments in key regulatory agencies, such as the Canadian Environmental Assessment Agency (CEAA) and Fisheries and Oceans Canada, that will help ensure sufficient capacity exists to carry out efficient regulatory reviews of major mining projects.
Funding to support CEAA’s capacity to undertake meaningful consultations with Indigenous groups.
New, long overdue investment in Natural Resources Canada’s science laboratories that promises to support new partnerships in clean tech and innovation with the mining sector.
Support for the Canadian Northern Economic Development Agency to continue its role in supporting northern regulatory efficiencies.
Renewal of the Mineral Exploration Tax Credit at a critical time for Canada’s junior exploration sector.

As announced on Tuesday also, KWG is in the process of filing the National Phase in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey and the USA under the Patent Cooperation Treaty to seek patent grants for its method to reduce chromite ore to metallics utilizing natural gas, a carbon reductant, and a catalyst formulation. The grant of a patent will be sought for the invention in each of these countries where the method might have commercial application and viability.

Natural Resources Canada’s CanMet research facilities are presently engaged in a program to analyze the opportunities for development of the Ring of Fire. As part of its research, the KWG direct reduction method will be evaluated for its economic efficacy and potential contribution to greenhouse gas reduction. KWG management participates in supervision of the CanMet research with membership in both the Steering Committee and the Technical Committee respectively developing and overseeing the research programs.

The abstract for a paper presented to the 2015 Conference of Metallurgists titled: Reducing energy consumption by alternative processing routes to produce ferrochromium alloys from chromite ore cited:

A techno-economic study on the new process identifies a reduction in overall energy consumption of 80% against conventional processing and approximately 40% lower than the current best practice. By utilising more natural gas than coal based energy sources, the KWG process is able to show an overall 50% reduction in greenhouse gas emissions compared with the most energy efficient current practice. The impact of the new process on future processing is therefore regarded as highly significant, with global energy reductions equivalent to the effect of completely eliminating energy demand from a country the size of Italy. (emphasis added)

The study concluded that the potential for this process to completely revolutionise the global ferrochrome industry should not be underestimated. Its impact reaches far beyond exploitation of a regional natural resource.

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, CSE, ring of fire, ROF
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KWG Moves Forward on Global Patent Protection by Undertaking National Phase of Gas Reduction Patent Claim With Filings in Key Ferrochrome-Producing Countries: Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, USA

Posted by AGORACOM-JC at 1:56 PM on Tuesday, March 22nd, 2016

In the process of filing the National Phase in the above-identified countries under the Patent Cooperation Treaty
seeking patent grants for its method to reduce chromite ore to metallics utilizing natural gas, a carbon reductant, and a catalyst formulation.

TORONTO, ON–(March 22, 2016) – KWG Resources Inc. (CSE: KWG) (FRANKFURT: KW6) (“KWG”) is in the process of filing the National Phase in the above-identified countries under the Patent Cooperation Treaty to seek patent grants for its method to reduce chromite ore to metallics utilizing natural gas, a carbon reductant, and a catalyst formulation. The grant of a patent will be sought for the invention in each of the countries where the method might have commercial application and viability.

An Abstract for the Torstein Utigard Memorial Symposium COM 2015 titled: Reducing energy consumption by alternative processing routes to produce ferrochromium alloys from chromite ore cites:

KWG previously announced on January 6, 2015 that it had received from the US Patent Office’s International Searching Authority the International Search Report in response to its international application to patent the direct reduction method (the “PCT application”). It is the opinion of the inventor and the attorney of record that based on the International Search Report, the eventual outcome appears to be favorable to KWG.

National applications will be launched in Treaty signatory countries prior to the expiry of the 30 and 31-month international priority protection period afforded by the PCT application. The national filings continue the priority protection period in those countries during the national application process, each of which are hoped to culminate in the grant of a patent enforceable in that country.

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, CSE, ring of fire, ROF
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KWG Files Notice of Sale From Control of Debut Diamonds

Posted by AGORACOM-JC at 10:22 AM on Monday, March 14th, 2016

Filed a Notice of Sale from Control with respect to all of its 144,630,000 common shares of affiliate Debut Diamonds Inc. (CSE:DDI)
Notice provides that the shares will be sold either in whole or in part and either privately or through the facilities of the Canadian Securities Exchange stock market

TORONTO, ONTARIO–(March 14, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) has filed a Notice of Sale from Control with respect to all of its 144,630,000 common shares of affiliate Debut Diamonds Inc. (CSE:DDI) (“Debut”). The notice provides that the shares will be sold either in whole or in part and either privately or through the facilities of the Canadian Securities Exchange stock market.

About Debut:

Debut has both joint-ventured and wholly-owned diamond exploration properties that include the previously discovered MacFadyen and Good Friday kimberlite pipes within claims contiguous to the DeBeers claim block containing the Victor Diamond Mine. Debut also has an interest in the diamond bearing Kyle kimberlites about 100 kilometers to the west. See more at: http://www.debutdiamonds.com/docs/2015/01/debut-diamonds-inc-completes-private-placement-3/#sthash.CuirzLLh.dpuf

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

KWG Resources Inc. Bruce Hodgman Vice-President 416-642-3575 [email protected]

Tags: #mining, #smallcapstocks, $TSXV, CSE, ring of fire, ROF
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INVITATION: The Must See PDAC Event Of 2016 – World Premiere Of “Fire Starter” Extended Trailer

Posted by AGORACOM at 8:51 AM on Saturday, March 5th, 2016

The PDAC is the Super Bowl of the global mining industry. Â It is the event that brings together everyone from explorers to miners, bankers and – the most important of all – investors, for the purposes of trying to discover the next great resource project.

Let me save you some time and tell you what investors in The Ring Of Fire already know … The Next Great Resource FindÂ Is Already Here.

The Ring Of Fire isÂ is home to an estimated $60 billion worth of mineral deposits … and it’s sitting in Northern Ontario just 1.200 Kilometers from Toronto. Â Everyone agrees that the economic benefits to the industry, Ontario, Canada and The First Nations would span the next 100 years.

… And Yet … neither the two highest levels of government (Provincial + Federal), nor Bay Street have been able to coordinate the necessary framework, funding and First Nations agreements necessary to move the Ring Of Fire forward.

Why? Â Are the hurdles simply insurmountable? Â Or are the powers that be just waiting for the only two active companies in the Ring Of Fire – KWG Resources and Noront Resources to choke out and take it all for themselves?

We went to find out … and what you are going to discover will astound you.

Executive Producer Jamie Bailey traveled all over Ontario and interviewed people at the highest levels of Government, Industry, First Nations and Environmental Protection to discover the truth and expose it for everyone to see. Â For YOU to see. Â This is Fire Starter.

With the impendingÂ release of the documentary expected towards the end of April, Jamie Bailey along with Producers Maureen O’Mahoney and George Tsiolis invite you to watch the world premiere of the 10 minute extended trailer at PDAC, the details of which you will find below.

If you are an investor, mining executive, member of the First Nations, or a service provider to the mining industry and attending PDAC 2016, then this is the MUST SEE PDAC EVENT OF 2016. We hope to see you there and we kindly ask that you share this invite with your networks via e-mail and social media.

EVENT DETAILSÂ

We are pleased to invite you to watch this preview at an Open House at KWG Resources offices during the PDAC as follows:

From 12 noonÂ until 5 pm on Monday March 7th, Tuesday March 8th and Wednesday March 9th.

On Monday March 7th, Executive ProducerÂ Jamie Bailey will attend between 12 noon and 2 pm to introduce the initial showing and participate in a Q&A session with attendees.

Please join us at:
Suite 420
141 Adelaide Street West
(Southwest corner of York and Adelaide)

Tags: kwg resources, Noront Resources, ring of fire
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Ontario Court of Appeal Decides Ring of Fire Easement Case

Posted by AGORACOM-JC at 3:32 PM on Thursday, February 25th, 2016

Kwglarge

Judgment confirms that should 2274659 Ontario Inc. make application to the Minister of Natural Resources for the grant of an easement over the CCC claims,
Minister must accommodate the claimholder’s rights and its consent may then be dispensed with.

TORONTO, ONTARIO–(Feb. 25, 2016) – The Ontario Court of Appeal has released its judgment in the appeal brought by KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) subsidiary Canada Chrome Corporation (“CCC”). The appeal was dismissed.

The judgment confirms that should 2274659 Ontario Inc. make application to the Minister of Natural Resources for the grant of an easement over the CCC claims, the Minister must accommodate the claimholder’s rights and its consent may then be dispensed with. The judgment cited, in part: “In coming to this conclusion, the Divisional Court was required to review the evidence (or lack thereof) on the factors relevant to dispensing with consent: whether there was interference with the respondent’s mining claims; the feasibility of the respondent’s plan to build a railway; the presence or absence of mineral deposits on the claims; and what inferences could be made as to the respondent’s motives in staking the claims along the transportation corridor.”

Elsewhere the judgment cited: “This would leave it to the Minister of Natural Resources to determine the issue, after an environmental assessment and consultation with other affected interests – a process in which the appellant would be entitled to participate.”

The application for an easement to build a road has never proceeded and KWG will now put before the Minister of Natural Resources the details of the railroad feasibility study to be undertaken to insure that surface tenure may be assured as an assumption in the study, that the consolidated aggregates may be mined from the claims to provide material for the railroad bed, and that the claimholder’s priority to consolidated aggregate is maintained.

At a hearing before Ontario’s Mining and Lands Commissioner (“MLC”) in early 2013, 2274659 Ontario Inc. (formerly a subsidiary of Cliffs Natural Resources Inc. (“Cliffs”) and now wholly-owned by Noront Resources Ltd.), sought an order to dispense with the consent of KWG/CCC for the granting of an easement for Cliffs to build a road on top of mining claims staked by KWG/CCC along a 340 kilometer corridor of high ground. The staking and subsequent exploration had been undertaken with Cliffs’ consent to such use of the funds subscribed to KWG by Cliffs for shares of KWG. KWG/CCC then spent some $15 million to explore the claims and assess their profiles and aggregates to provide a means of egress for the Big Daddy chromite deposit in which KWG/CCC has a 30% joint venture interest, with Cliffs then holding the 70% interest. However, Cliffs determined instead to use the claims to provide egress exclusively for the Black Thor chromite deposit in which KWG/CCC had no participation. The MLC declined to grant the order sought by Cliffs and Cliffs then appealed the MLC decision to the Divisional Court of the Ontario Superior Court.

In July 2014 the MLC decision was overturned by the Divisional Court and KWG/CCC then sought leave from the Ontario Court of Appeal to appeal the Divisional Court decision. Leave to appeal was granted in January 2015. The hearing of the appeal was completed on November 26th, 2015 at which time the Court reserved its decision to consider the case and deliver a written judgment with reasons.

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, CSE, ring of fire
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KWG Granted Waiver of Minimum Listing Price for Proposed Private Placement of Convertible Debentures

Posted by AGORACOM-JC at 10:12 AM on Wednesday, February 17th, 2016

Canadian Securities Exchange (“CSE”) has granted it a waiver of the minimum price requirement for the listing of new treasury shares that may be issued under the terms of a proposed private placement
Contemplated private placement terms are for an issue of convertible debentures which may be converted into treasury units of KWG under certain circumstances. KWG has received permission from CSE to fix the conversion price of such units at $0.02 each, where each unit would be comprised of one new common share issued from treasury, plus one warrant.

TORONTO, ONTARIO–(Feb. 17, 2016) – KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) advises that the Canadian Securities Exchange (“CSE”) has granted it a waiver of the minimum price requirement for the listing of new treasury shares that may be issued under the terms of a proposed private placement. The contemplated private placement terms are for an issue of convertible debentures which may be converted into treasury units of KWG under certain circumstances. KWG has received permission from CSE to fix the conversion price of such units at $0.02 each, where each unit would be comprised of one new common share issued from treasury, plus one warrant. Each warrant may be exercised to acquire one further new common share from treasury upon payment of $0.05 at any time within five years from the issue of the debenture.

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, chromite, CSE, ring of fire, ROF
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KWG and China Railway First Survey & Design Institute Group Co., Ltd. Sign MOU

Posted by AGORACOM-JC at 10:06 AM on Tuesday, January 19th, 2016

Signed a Memorandum of Understanding today setting out the terms for mutually proceeding with a feasibility study for the design and financing of a railroad
Parties have agreed that a delegation of FSDI professionals will travel to Ontario for initial consultations prior to mid-March 2016
Memorandum of Understanding was facilitated by Golden Share Mining Corporation (TSX VENTURE:GSH), KWG’s agent in China

XI’AN SHAANXI, CHINA–(Jan. 19, 2016) – KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) and China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) have signed a Memorandum of Understanding today setting out the terms for mutually proceeding with a feasibility study for the design and financing of a railroad. The parties have agreed that a delegation of FSDI professionals will travel to Ontario for initial consultations prior to mid-March 2016. The Memorandum of Understanding was facilitated by Golden Share Mining Corporation (TSX VENTURE:GSH), KWG’s agent in China.

KWG has engaged Intercedent Limited, of China and Canada, to advise globally on the transaction.

The right-of-way staked and assessed by KWG subsidiary Canada Chrome Corporation will provide the alignment for the route. The First Nations whose traditional territories are traversed by the route will first be consulted to insure that their interests are accommodated, prior to further definitive agreements being undertaken by the parties.

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 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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, China Railway First Survey & Design Institute Group Co., chromite, CSE, Railway, ring of fire, ROF
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China Railway First Survey & Design Institute Group Co., Ltd. to Negotiate Terms for KWG Feasibility Study

Posted by AGORACOM-JC at 10:26 AM on Tuesday, December 29th, 2015

Advised by China Railway First Survey & Design Institute Group Co., Ltd. through KWG’s agent Golden Share Mining Corporation, that an initial analysis by FSDI of KWG’s data has been completed
FSDI has indicated that the quality and extent of the data is adequate for FSDI to undertake a Feasibility Study on behalf of the parties
meeting to establish terms of reference has been mutually scheduled by KWG and FSDI in January 2016.

KWG to Grant Stock Options, File Revised 43-101

TORONTO, ONTARIO–(Dec. 29, 2015) – KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) has been advised by China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) through KWG’s agent Golden Share Mining Corporation (TSX VENTURE:GSH) (“GSH”), that an initial analysis by FSDI of KWG’s data has been completed. FSDI has indicated that the quality and extent of the data is adequate for FSDI to undertake a Feasibility Study on behalf of the parties. A meeting to establish terms of reference has been mutually scheduled by KWG and FSDI in January 2016.

Stock Option Grants:

Following the expiry of 11 million stock option awards on December 21, the Board of Directors of KWG has granted new options to purchase 13.5 million shares, effective December 30, 2015, under its Incentive Stock Option Plan. The options are exercisable for 5 years at $0.05 which is the minimum price permitted under the Company’s listing agreement with the Canadian Securities Exchange. Options to purchase 3 million shares were granted to four Directors, options to purchase 4 million shares were granted to a Director and Officer, options to purchase 3.5 million shares were granted to two Officers, options to purchase 2 million shares were granted to two employees, and options to purchase 1 million shares were granted to two consultants.

Black Horse 43-101 amended:

At the request of the British Columbia Securities Commission (“BCSC”), KWG will file an amended version of the report “National Instrument 43-101 Technical Report, Koper Lake Project Chromite Deposit, McFauld’s Lake Area, Ontario, Canada, Porcupine Mining Division, NTS 43D16, Updated Mineral Resource Estimation Technical Report, UTM: Zone 16, 548460m E, 5842511m N, NAD83” which is now dated December 15, 2015. The report was not previously addressed to the property’s optionor Fancamp Exploration Ltd. as well as the optionee KWG; this has been corrected. Also, on page 58 the description of the limits of the mineral envelope had incorrect distances to the nearest holes; these have now been corrected. Further, on page 59 a new section titled “Determination of Cut-off Grade” has been added. A version extracted from another report done by the authour for nearby chromite deposits, and vetted by the Ontario Securities Commission, was initially provided but BCSC requested more information. It should be noted that the original facts supporting the use of the cut-off chosen still remain. Section 23 (Other Relevant Information) has been amended by removing all mention of the sample analysis program done using a Niton portable X-ray analyser.

KWG was incorporated and is a reporting issuer in the province of Quebec, the primary regulator of its securities distributions. The Company is also a reporting issuer in Nova Scotia, Ontario, Manitoba and Alberta as well as British Columbia, and its shares were formerly listed for trading on the TSX Venture Exchange as well as the Canadian Securities Exchange where they now trade exclusively. The currently-dated report now addresses all issues raised in prior reviews amongst these regulators.

“It is perhaps a measure of the significance of the Ring of Fire discoveries to witness the attention that the characterization and calculation of our chromite resources are receiving from our many regulators,” said KWG President Frank Smeenk. “It is not always fun, but it is certainly resulting in an important constituency of the earth sciences community becoming very well informed about this enormous discovery of new Canadian mineral wealth!”

About FSDI:

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. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, ring of fire
Posted in All Recent Posts, KWG Resources | Comments Off on China Railway First Survey & Design Institute Group Co., Ltd. to Negotiate Terms for KWG Feasibility Study

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KWG to Grant Stock Options, File Revised 43-101

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