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Noront Appeals Mining Recorder’s Finding of KWG Prior Staking

Posted by AGORACOM-JC at 5:55 PM on Wednesday, July 23rd, 2014

TORONTO, ONTARIO–(July 23, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) was served yesterday with a notice that Noront Resources Ltd. will appeal to the Mining and Lands Commissioner of Ontario to set aside the finding of the Provincial Mining Recorder that KWG was the first to stake two 16 unit claims when they came open on the morning of June 17, 2011. These two claims are contiguous to the southern two claims of the Fancamp Exploration Ltd. Koper Lake claims where KWG is assessing the economic potential of the Black Horse chromite deposit under an option agreement with Bold Ventures Inc. and Fancamp.

“Koper Lake is an important amphibious aircraft facility for the Ring of Fire and the area used for landing and docking is within the eastern boundary of these claims,” said KWG President Frank Smeenk. “In the past our exploration crews have been blockaded there, or embargoed from landing there, or been levied substantial landing fees. We believe that this necessary part of the area’s transportation assets should be operated as a public facility. From this sprang the concept of a federally sponsored Port Authority. Accordingly, we are hopeful that the Provincial Mining Recorder’s Order will be upheld so that we can now assess the mineral potential of these claims and add their surface endowments to an integrated transportation network for the area. This is as contemplated by the ‘Northland Development Corporation Act’ that we provided to each candidate during the Ontario election campaign. We hope that those candidates who are now members of the legislature will encourage their cabinet colleagues to adopt the Bill.”

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

Contact Information

 

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

KWG Meeting of Shareholders Adjourned for Special Resolutions

Posted by AGORACOM-JC at 10:09 AM on Wednesday, July 2nd, 2014

TORONTO, ONTARIO–(July 2, 2014) – The Annual Meeting of the shareholders of KWG Resources Inc. (TSX VENTURE:KWG) was convened Monday morning and elected Cynthia Thomas, Douglas Flett, Thomas Pladsen, Donald Sheldon and Frank Smeenk as directors. The shareholders also appointed McGovern, Hurley, Cunningham LLP, Chartered Accountants, as the auditors of the Company. Frank Smeenk, Thomas Masters and Luce St. Pierre were then respectively re-appointed as the Company’s President, Chief Financial Officer and Secretary and Douglas Flett was elected Chairman of the Board.

The meeting had remarkable shareholder participation, with almost 416 million of the outstanding 777.5 million shares having been voted on the resolutions put before the shareholders.

The meeting was adjourned to July 30, 2014 to then consider the special resolutions to amend the Company’s articles to include the authority to issue preferred shares and to let all shareholders wishing to do so acquire with each fifty of their present shares one new multiple-voting share (provided that these may be converted back into the fifty subordinate voting shares at any subsequent time of their choosing).

Cliffs Natural Resources Inc. (“Cliffs”) had served prior notice of its intention to seek a repurchase of its shares by the Company if either of these special resolutions is approved and adopted. Cliffs had similarly required that its shares be repurchased if the Company acted on the shareholders resolution adopted at their last meeting to approve a change of jurisdiction so that the law governing KWG’s constitution will be the federal Canada Business Corporations Act (“CBCA”). In the result the Company has not yet acted on the resolution of the shareholders approving that change. Cliffs did not nominate anyone for election to the KWG Board of Directors, as it has the right to do under the Shareholder Agreement entered into in March 2009.

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

Contact Information

KWG Declared Winner in 2011 Staking Race With Noront

Posted by AGORACOM-JC at 10:30 AM on Friday, June 27th, 2014

MONTRÉAL, QUÉBEC–(June 27, 2014) – In an Order dated June 24, 2014 the Provincial Mining Recorder for Ontario has confirmed that KWG Resources Inc. (TSX VENTURE:KWG) was the first to stake two 16-unit claim blocks after they came open on the morning of June 17, 2011. The two claim blocks are contiguous to the southern two claim blocks of the Fancamp Exploration Ltd. Koper Lake claims where KWG is assessing the economic potential of the Black Horse chromite deposit under an option agreement with Bold Ventures Inc. and Fancamp. The Mining Recorder’s Order provides that KWG will have until June 24, 2016 to perform and file the first unit of assessment work and that the Disputant Eric Mosley on behalf of Noront Resources Ltd. will have 30 days from the date of the Order to appeal. The Order followed a two-day hearing before the Mining Recorder on April 24 and 25, 2014.

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

Contact Information

 

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

KWG Applauds Northern Policy Institute Commentary

Posted by AGORACOM-JC at 9:30 AM on Wednesday, June 18th, 2014

MONTREAL, QUEBEC–(June 18, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) applauds the release yesterday by the Northern Policy Institute of its Commentary No. 1 / Friday, June 13, 2014, The Airport/Port Transportation Authority Model, Is It Applicable for Ontario’s Ring of Fire Mineral Development? authored by Nick Mulder.

“The Northland Development Corporation Bill that we proposed to all candidates who recently sought election to the Ontario Legislature, is fashioned after the governance model of a Port/Airport Authority”, said KWG President Frank Smeenk. “We originally concluded that the federal government might be the better sponsor of such a corporation, because the Ontario government had then declared its intention to dispose of the assets of the Ontario Northland Transportation Commission. These are legacy assets that can assist the Ring of Fire deposits to achieve very long-term economic viability in a highly competitive global market for stainless steel inputs. If our Bill is adopted by Ontario’s newly-elected parliament, it would effectively create a provincial Transportation Authority on the model of the many such very successful federal agencies across Canada. However, the Bill can as easily become the charter of a federally incorporated Transportation Authority and so benefit from the sponsorship of the governments of both Canada and Ontario. As both governments have pledged their support for development of the Ring of Fire, this might be a most elegant means for their collaboration.”

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

Contact Information

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

KWG Annual and Special Meeting of Shareholders to Convene June 30, 2014

Posted by AGORACOM-JC at 11:35 AM on Tuesday, June 10th, 2014

MONTREAL, QUEBEC–(June 10, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) has postponed until June 30, 2014 the convening of its Annual and Special Meeting of Shareholders at 11:00 a.m. (local time) at Suite 3800, Royal Bank Plaza, South Tower, 200 Bay Street, Toronto, Ontario, (the “Meeting”).

The purposes of the Meeting are described in the Notice of Annual and Special Meeting of Shareholders mailed earlier to shareholders and available on SEDAR at www.sedar.com. The Notice of Meeting sets out a number of matters that shareholders are being asked to vote on, including two proposed changes to KWG’s Articles of Incorporation. The date for shareholders who wish to dissent from the proposed changes to send in the notice of dissent is now June 27, 2014, being the last business day before the Meeting.

The Company’s Board of Directors determined that this additional time to solicit proxies could enable the passing of these special resolutions by the required two-thirds of the number of shares voting.

Issuance of shares: KWG will issue 201,785 common shares at $0.07 to AGORACOM Inc. for the third payment under the shares for services contract announced November 7, 2013. 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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

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

The Provincial Election is Just 3 Days Away – SIGN OUR PETITION NOW!

Posted by AGORACOM-JC at 11:29 AM on Monday, June 9th, 2014

Dear KWG Resources Shareholders and Friends,

We are very happy to announce that the social media campaign we launched last Monday to promote our proposed Ring of Fire Bill to Ontario election candidates and voters has gained momentum but we still need your help.  

As of 10am EST today, our petition has been signed by 486 supporters.  This is a great start but we can do far better given the number of KWG Resources shareholders and friends on our e-mail list that deeply care about the economic benefits of The Ring Of Fire.

SEND QUEEN’S PARK A MESSAGE THAT YOU SUPPORT OUR PLAN TO GET THE RING OF FIRE GOING FOR THE BENEFIT OF ALL OF US!

We need you to get involved right now by signing our petition and then spreading the word through your social networks.  We’ve done all the hard work, all you need to do now is give us a few clicks of your mouse.

TAKING ACTION NOW IS AS SIMPLE AS 1 – 2 – 3

 

 

Facebook Twitter

 

We appreciate and thank you for your support of our tireless efforts!

Sincerely,
Frank Smeenk & The KWG Resources Team

MORE INFORMATION ABOUT OUR PLAN AND PROPOSED BILL

Mainstream Media Takes Notice of KWG Social Media Campaign – SIGN OUR PETITION

Posted by AGORACOM-JC at 2:19 PM on Wednesday, June 4th, 2014

Dear KWG Resources Shareholders and Friends,
We are very happy to announce that the social media campaign we launched on Monday to promote our proposed Ring of Fire Bill to Ontario election candidates and voters has already received great media coverage, including the following headlines:

MOMENTUM IS GAINING – BUT WE STILL NEED YOUR HELP!

As of noon EST today, our petition has been signed by 240 supporters. This is a great start but we can do far better given the number of KWG Resources shareholders and friends on our e-mail list that deeply care about the economic benefits of The Ring Of Fire.

SEND QUEEN’S PARK A MESSAGE THAT YOU SUPPORT OUR PLAN TO GET THE RING OF FIRE GOING FOR THE BENEFIT OF ALL OF US!

We need you to get involved right now by signing our petition and then spreading the word through your social networks. We’ve done all the hard work, all you need to do now is give us a few clicks of your mouse.

TAKING ACTION NOW IS AS SIMPLE AS 1 – 2 – 3

Facebook Twitter

 

We appreciate and thank you for your support of our tireless efforts!

Sincerely,
Frank Smeenk & The KWG Resources Team

MORE INFORMATION ABOUT OUR PLAN AND PROPOSED BILL

KWG Files Updated NI 43-101 Technical Report for the Koper Lake Project Black Horse Chromite Resource Now 77.2 Million Tonnes @ 35.1%

Posted by AGORACOM-JC at 4:54 PM on Tuesday, June 3rd, 2014

TORONTO, ONTARIO–(June 3, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG“) has today filed an updated geological report and calculation of the resources inferred from drilling data recovered to date from the Black Horse chromite deposit. The technical report, entitled “National Instrument 43-101 Technical Report, Koper Lake Project Chromite Deposit, McFaulds Lake Area, Ontario, Canada, Porcupine Mining Division, NTS 43D16, Updated Mineral Resource Estimation Technical Report, UTM: Zone 16, 548460m E, 5842511m N, NAD 83”, is dated May 28, 2014 (the “Koper Lake Report“) and was authored by Alan Aubut, P. Geo., under the provisions of National Instrument 43-101. The resources inferred in the Koper Lake Report were additionally informed by three drill intercepts generated during the winter 2014 drilling campaign and by the intercept in hole FNCB-13-031 which was not used in the 2013 calculation due to it being located 50 metres west of the western claim boundary on the adjoining claim of Noront Resources Inc.

The inferred resources contained in the Koper Lake Report supersede those reported in KWG’s press release dated May 13, 2014. The Koper Lake Technical Report can be found on KWG’s SEDAR profile at www.sedar.com.

The Koper Lake Report provides in part:

Using the drill hole data available as of May 11, 2014, including new drilling done in early 2014, an Ordinary Kriged block model was created for the Koper Lake Project chromite deposit. The volume modelled is 0.6 km long and has a down dip extent of approximately 1.0 km with the top of the mineral zone as high as 350 metres below surface and has been traced down to a depth of approximately 1400 metres below surface. All of the resources present have a low confidence in the estimate such that they can be classified only as Inferred Resources. The following table provides the identified Inferred Resources using a cut-off of 20% Cr2O3.

Classification Tonnes (millions) % Cr2O3
Inferred Resources 77.2 35.1
  1. CIM Definition Standards were followed for classification of Mineral Resources.
  2. The Mineral Resource estimate uses drill hole data available as of May 11, 2014.
  3. The cut-off of 20% Cr2O3 is the same cut-off used for the Kemi deposit as reported by Alapieti et al. (1989) and for the nearby Big Daddy chromite deposit (Aubut, 2012).
  4. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Using this 20% cut-off, there are 77.2 million tonnes at a grade of 35.1% Cr2O3 of Inferred Resources. Due to the uncertainly in the estimate and that no mineability and dilution studies have been applied to these resources, they may not all be economically recoverable.

The drill hole spacing is 100 to 300 metres with several off-azimuth holes. To date, only 8 holes have tested the mineral zone on the property and most of these intersections are very steep and cut the zone at a very oblique angle. As a result there is poor confidence in the lateral continuity of the mineralization to a degree that all of the defined resources can be classified only as Inferred Resources at this time.

The deposit remains open on strike to the northeast and at depth. The increase in the size of the inferred resource is the result of thickening of the deposit with depth. The true width of the deposit ranges from approximately 100 metres at the southwestern end to about 25 metres in the northeastern half. The southwestern half of the deposit is dominantly layered chromitites while the northeastern half is dominantly massive chromitite. It is recommended that initially, further drilling be done to better define the limits and continuity of the mineralisation in the northeastern half, and secondly by infill drilling. The estimated cost of the initial program is $3.63 million.

M.J. (Moe) Lavigne, P.Geo., is the Qualified Person (QP) with respect to this project and has reviewed and approved the related information within this press release. Alan Aubut, P.Geo., author of the Koper Lake Report, has reviewed and approved the related information within this press release.

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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 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 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 forward‐ looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward‐looking statements.

Shares issued and outstanding: 777,512,273

CONTACT INFORMATION

Media Advisory: KWG Resources Launches Social Media Campaign Promoting Its Proposed Ring of Fire Bill to Ontario Election Candidates and Voters

Posted by AGORACOM-JC at 12:33 PM on Monday, June 2nd, 2014

TORONTO, ONTARIO–(June 2, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to announce the launch of a social media campaign this morning to promote its proposed Ring of Fire Bill to Ontario election candidates and voters. The campaign was launched this morning, will run until election day on June 12 and incorporates the following elements:

  • A Search Engine Program Targeting Very Specific and Relevant Terms Pertaining To The Candidates, The Ring of Fire and Northern Ontario.
  • An Online Petition Through The World’s Largest Petition Platform To Unite and Empower The Voices That Support Our Bill.
  • Links To An Online Database Of MPP Candidates By Riding, Containing Their Full Contact Information.
  • Social Media Sharing Tools To Help Supporters Take Our Campaign Viral.

Frank Smeenk, President & CEO Of KWG Resources stated, “The Ring of Fire is an economically and socially transformative project that will benefit every citizen and community of Ontario, especially in the North, as well as all Canadians, for many generations. KWG Resources is happy to take a leadership role that helps end the political gridlock by proposing real and achievable solutions. I encourage all Ring of Fire supporters to participate in this process by having your voices heard and helping spread the message to every corner of this country. Together, we will get the Ring of Fire going.”

Support The KWG Resources Ring of Fire – Northern Ontario Job Creation Plan

WE NEED YOUR VOTE, YOUR VOICE TO HELP MAKE IT HAPPEN

“Without a doubt, the value of the Ring of Fire’s current and future potential mineral discoveries are in the hundreds of billions of dollars and these multi-generational mines will provide enormous wealth and employment opportunities for the surrounding First Nations communities. This is an economically and socially transformative project that will positively impact not only Ontario’s northwestern frontier but the entire country as well.”
Ontario Ring of Fire’s Astonishing World-Class Mineral Potential
Huffington Post, February 18, 2014

THE JOB CREATION PLAN

We Have A Plan To Get The Ring of Fire Going!

After years of political indecision regarding transportation and funding of The Ring of Fire, KWG Resources is taking a pro-active approach by presenting a plan, backed by our own proposed bill, to end the gridlock and start moving the Ring of Fire forward for the benefit of all Northern Ontario communities, the Province and Canada.

HIGHLIGHTS OF OUR PROPOSED BILL

  • Ontario already has a Northern Development Corporation. It is the Ontario Northland Transportation Commission (ONTC).
  • The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage.
  • The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.
  • The ONTC could be governed by residents of Northern Ontario, raise project financing via capital markets to add to heritage infrastructure facilities desired by northern residents of Ontario whose communities it serves.
  • This would enable the important participation by those communities, many of which are First Nations.
  • This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse.

WE NEED YOUR VOTE, YOUR VOICE TO HELP MAKE IT HAPPEN

KWG Resources is appealing to three important and distinct groups for their support.

MPP CANDIDATES – KWG Resources invites you, as a 2014 Ontario general electoral candidate, to view the “Northland Development Corporation Act” below and consider passing the proposed bill upon your successful election to the Ontario legislature.

ONTARIO VOTERS – If you are a voter in the upcoming election, especially those in Northern Ontario, reach out to your local candidate ask them to support the “Northland Development Corporation Act” below. Let them know they can count on your vote if they support the proposed Bill.

CANADIANS – Even if you are not a resident of Ontario, we can all agree with the quote above that the development of this economically and socially transformative project will positively impact all Canadians.

TAKE ACTION NOW AND HELP GET THE RING OF FIRE DEVELOPED

1. Call or Email Your Local 2014 Ontario General Election Candidate

2. Sign The KWG Resources Petition For Presentation To The Next Government

3. Get Your Social Networks Involved By Sharing This Page Today

                   

MORE INFORMATION ABOUT OUR PLAN AND PROPOSED BILL

View the Overview Of The Proposed Bill

View the Proposed Bill

View the Proposed Bill PDF

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Contact Information

 

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext. 103
[email protected]

Media Advisory: KWG Resources to Hold Press Conference Discussing Ring of Fire-Northern Ontario Job Creation Plan Prior to Northern Leaders’ Debate in Thunder Bay

Posted by AGORACOM-JC at 7:35 AM on Monday, May 26th, 2014

THUNDER BAY, ONTARIO–(May 26, 2014) – Media are invited to attend a press conference hosted by KWG Resources (TSX VENTURE:KWG) at 11:15 a.m. on the front steps of the Valhalla main lobby entrance, Monday, May 26, 2014. The press conference will discuss the details of the company’s Ring Of Fire – Northern Ontario Job Creation Plan, as outlined in its proposed bill “Northland Development Corporation Act”.

HIGHLIGHTS:

  1. Ontario already has a Northern Development Corporation. It is the Ontario Northland Transportation Commission (ONTC).
  2. The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage.
  3. The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.
  4. The ONTC could be governed by residents of Northern Ontario, raise project financing via capital markets to add to heritage infrastructure facilities desired by northern residents of Ontario whose communities it serves.
  5. This would enable the important participation by those communities, many of which are First Nations.
  6. This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse.

An overview of the proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com.

The proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com/ndca.html.

A PDF of the proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com/pdf/Northland_Development_Corporation_Act.pdf.

Date: Monday, May 26, 2014
Time: 11:15 a.m.
Location: Front steps of the Valhalla main lobby entrance

Notable attendees include:

Frank Smeenk, President & CEO, KWG Resources

About KWG Resources

KWG Resources Inc (“KWG”) is an exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel. The company’s accidental discovery of the McFaulds Lake copper-zinc volcanogenic massive sulphide deposits in 2002 precipitated a staking rush that defined the “Ring of Fire”. For more information visit:http://www.kwgresources.com

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]
www.KWGresources.com

AGORA Internet Relations Corp.
George Tsiolis
[email protected]