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KWG Makes International Patent Claim; Steel and Chrome Giants Interested in Offtake and Marketing Alliance, Engineering and Construction

Posted by AGORACOM-JC at 10:42 AM on Monday, September 22nd, 2014

TORONTO, ONTARIO–(Sept. 22, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) has filed an international patent application under the Patent Cooperation Treaty. This will provide KWG with the right to file patent applications in over 140 countries around the world in order to secure its rights to its new method of refining chromite ore into ferrochrome by means of natural gas. The disclosed subject matter of this PCT application is supported by results of ongoing metallurgical tests being conducted on behalf of KWG by XPS Consulting and Testwork Services.

KWG has received expressions of interest in creating two strategic alliances:

  • A global steel company has proposed to provide project engineering and construction expertise and to market intermediate products for primary stainless steel casting. In this regard, KWG is studying the opportunity to build a facility to produce custom-made stainless steel billets for global export to stainless steel makers for remelting and dilution with iron.
  • A large ferrochrome producer has proposed a strategic marketing alliance for the global charge chrome market.

The parties are mutually exploring terms for offtake agreements for such products that could support future project financing facilities. These plans are being developed based on the commercial potential of the new method of refining chromite ore into ferrochrome by means of natural gas disclosed in the patent application. The customized cast billets contemplated for production at the proposed casting plant could become an export vehicle for the combined content of Canadian chromium, nickel and iron and the hydro-electricity and natural gas consumed to produce them.

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 patent interests, 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. Risks and uncertainties may include: 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, risks associated with exporting custom steel billets, the risk that the new method of refining chromite ore into ferrochrome by means of natural gas that is the subject of the PCT application does not prove efficient or economical, the scope, likelihood of grant, enforceability, infringement, freedom to operate, or commercial value relating to the patent applications to be used to support the commercialization of the new method of refining chromite ore into ferrochrome by means of natural gas is worse than expected, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the new method of refining chromite ore into ferrochrome by means of natural gas is limited or does not materialize, completion of the off-take agreements does not materialize, completion of the strategic alliances does not materialize, the results of any feasibility studies, design, engineering or construction of the proposed project are worse than expected, or assumptions underlying the forward looking statements prove incorrect. We do not intend and do not assume any obligation to update these forward‐looking statements, except as required by law. Readers are cautioned not to put undue reliance on such forward‐looking statements.

Shares issued and outstanding: 777,842,468

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

KWG Announces Offering to Raise Between $4 Million to $10 Million

Posted by AGORACOM-JC at 8:49 AM on Monday, August 18th, 2014

TORONTO, ONTARIO–(Aug. 18, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) (“KWG” or the “Corporation“) is pleased to announce that it has filed a preliminary short form prospectus (the “Preliminary Prospectus“) and has obtained a receipt from the securities regulatory authorities in the provinces of British Columbia, Ontario and Quebec in connection with a marketed offering (the “Offering“) of Units (as defined below) and Flow-Through Shares (as defined below) to be made in the provinces of British Columbia and Ontario.

Pursuant to the Offering, the Corporation is targeting to raise minimum aggregate gross proceeds of $4 million (the “Minimum Offering“) and maximum aggregate gross proceeds of $10 million. The net proceeds of the Offering will be used to: (1) continue the development and commercialization of the new methods of production of chromium iron alloys from chromite ore and of production of low carbon chromium iron alloys (the “New Production Methods“); (2) conduct a drilling program at the Fishtrap Lake project; (3) continue the Corporation’s exploration program at the Koper Lake project; and (4) augment the Corporation’s working capital.

Secutor Capital Management Corporation (the “Agent“) has been appointed as exclusive lead agent for the Offering. The Corporation and the Agent have not yet entered into an agency agreement.

Each unit (a “Unit“) is comprised of three non “flow-through” common shares of KWG (each an “Offered Common Share“) and two non “flow-through” common share purchase warrants (each an “Offered Warrant“) at a price of $0.165 per Unit (the “Unit Offering Price“). Each Offered Warrant will entitle the holder to purchase one non “flow-through” common share of KWG (a “Warrant Share“) until the date that is 24 months following the closing of the Offering at a price of $0.10 per Warrant Share.

In addition, the Offering includes common shares of KWG, which will each qualify as a “flow-through share” (each, a “Flow-Through Share“) within the meaning of the Income Tax Act (Canada) at a price of $0.055 per Flow-Through Share (the “Flow-Through Offering Price“).

In connection with the Offering, the Corporation will grant to the Agent an option (the “Over-Allotment Option“) to sell, as agent, additional Flow-Through Shares (the “Additional Flow-Through Shares“), equal to not more than 15% of the number of Flow-Through Shares sold pursuant to the Maximum Offering, at the Flow-Through Offering Price and to purchase additional Units (the “Additional Units“), equal to not more than 15% of the number of Units sold pursuant to the Maximum Offering, at the Unit Offering Price to cover over-allotments, if any, and for market stabilization purposes. The Over-Allotment Option in respect of the Additional Flow-Through Shares will expire concurrently with the closing of the Offering. The Over-Allotment Option in respect of the Additional Units may be exercised at any time up to 30 days following the closing of the Offering.

Closing of the Offering is subject to certain conditions including, but not limited to, achievement of the Minimum Offering, the execution of a definitive agency agreement between the Corporation and the Agent and the receipt of all necessary approvals, including the approval of the applicable securities regulatory authorities and the TSX Venture Exchange.

The Preliminary Prospectus is still subject to completion or amendment. A copy of the Preliminary Prospectus will be available electronically at www.sedar.com. There will not be any sale of or any acceptance of an offer to buy the securities until a receipt for the (final) prospectus has been issued. The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act“), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States.

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 occur, 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;
the Corporation’s inability to maintain its title to its assets; the Corporation’s inability to obtain, maintain, renew and/or extend required licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the applicable regulatory framework; environmental damages and the cost of compliance with environmental regulations; environmental risks; adverse land claims from First Nations groups or other parties; lack of adequate infrastructure; a lack of support from the Ontario government and federal government for the development of the Ring of Fire area; the patents to be used to support the commercialization of the New Production Methods will not be granted; capital and operating costs varying significantly from estimates; slowing demand for ferrochrome products; adverse general market conditions; inflation; changes in exchange and interest rates; adverse changes in commodity prices; the impact of consolidation and rationalization in the steel industry; competition; risk that amendments to current laws, regulations and permits governing operations and activities of mining companies will have a material adverse impact the Corporation; the risk that the New Production Methods does not prove efficient or economical; intellectual property litigation; risks related to the tax treatment of the Flow-Through Shares; and, management’s discretion as to use of proceeds, 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. KWG does not intend and do not assume any obligation to update these forward
‐ looking statements, except as required by law. Readers are cautioned not to put undue reliance on such forward‐looking statements.

Shares issued and outstanding: 777,842,468

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

Secutor Capital Management Corporation
Arie Papernick
(416) 847-1220

KWG’s Canada Chrome Corporation to Seek Leave to Appeal Divisional Court Decision

Posted by AGORACOM-JC at 4:57 PM on Wednesday, August 13th, 2014

TORONTO, ONTARIO–(Aug. 13, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) subsidiary Canada Chrome Corporation (“CCC”) has served notice of its intention to seek an Order of the Court of Appeal of Ontario granting leave to appeal the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014. As reported on August 1, 2014, the Divisional Court decision ruled that CCC’s consent should be waived in an application for an easement to build a road over its mining claims.

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: 777,842,468

Contact Information

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

Divisional Court Says KWG May Negotiate Conditions of Easement Under Public Lands Act, Not Withhold Consent Under Mining Act

Posted by AGORACOM-JC at 8:51 AM on Friday, August 1st, 2014

TORONTO, ONTARIO–(Aug. 1, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) reports that the Divisional Court of the Ontario Superior Court of Justice on Wednesday released its decision in the appeal brought by 2274659 Ontario Inc., a subsidiary of Cliffs Natural Resources Inc. (“Cliffs”), of the judgment of the Ontario Mining and Lands Commissioner (“MLC”) issued September 10, 2013. The appeal was heard on June 16 and 17, 2014. Wednesday’s decision allowed the appeal, set aside the decision of the MLC and granted the original application to dispense with the consent of KWG subsidiary Canada Chrome Corporation (“CCC”) to an application for an easement over CCC claims.

The Divisional Court reasons held, in part: “Whether or not it is in the public interest to grant an easement for a road is a matter for the Minister of Natural Resources to determine, after an environmental assessment and consultation with First Nations and other affected interests. It is for the Minister to determine whether the easement should be granted in the public interest and on what terms. CCC will be able to participate in that process.” And elsewhere: “I would add that 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.”

Counsel for KWG are reviewing the Divisional Court’s extensive reasons for judgment.

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]
www.kwgresources.com

Letter to the Shareholders of KWG Resources Inc.

Posted by AGORACOM-JC at 12:27 PM on Tuesday, July 29th, 2014

 

TORONTO, ONTARIO — (July 29, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6)

Today the shareholders of Cliffs Natural Resources Inc (“Cliffs”) will elect at least four directors who are nominated by Casablanca Capital LP. We expect that this will usher in some change in how Cliffs will in future go about realizing on the value of its assets. This is therefore an opportune time to provide you with a status report on your company’s initiatives. In the past these initiatives have often, of necessity, been in response to the actions of Cliffs and of the government of Ontario.

Minerals are governed by provincial law in Canada. Like most other jurisdictions in the world, Ontario makes it a condition of a mineral lease that further processing of what is mined must be completed in Canada. When it was announced that Ontario was negotiating terms to finance the construction of a road for Cliffs to ship chromite ore from the Ring of Fire, we reminded the Ministry of Northern Development and Mines that the use of KWG’s claims for this purpose would need to comply with this “further processing in Canada” requirement of the law. The question of whether Cliffs may be granted an easement under the Public Lands Act over the KWG claims is still before the Courts. No matter how that question is ultimately decided, it will not alter the law’s intent that our claims may be used to exploit minerals only if their further processing is completed in Canada.

In this regard, we are encouraged by the results of the ongoing testing of the direct reduction process that we acquired (the “New Production Method“) and are making application to patent. Should we be able to commercialize the New Production Method it could very substantially reduce the cost of processing chromite ore into the metalized iron and chrome used in stainless steel making, by using natural gas rather than electricity. We hope to be able to do pilot plant testing of the New Production Method in the coming year, in advance of commercial reactor design and engineering.

We have previously indicated that slurrying is an option that might be considered in the early years of mining at the Ring of Fire and the New Production Method has provided encouragement to further study this option. A slurry pipeline south and a gas pipeline north – to generate electricity at the site and for the nearby remote communities – is a development option that we have had scoped and that we have shared with the government. The pipelines go in the ground and under the rivers and don’t need 98 bridges and culverts. The railroad that we studied prior to the Cliffs road proposal, may take some time to achieve social license and economic volumes from market share.

We also believe that a forestry road from Mishkeegogamang to Marten Falls, and then north across the Attawapiskat River to the Ring of Fire should be built first. It could connect Eabematoong, Neskantaga, Marten Falls and Webequie to the Pickle Lake highway and enable the supply of construction materials and equipment for the development of the Ring of Fire. It could be used to truck nickel concentrates out. A scoping study that we had completed suggests that the cost of such a road could be very reasonable when compared to the alternatives. This would seem to us to be a highly desirable initial investment to make to set the stage for development of the Ring of Fire.

We have also been very active in promoting the concept of using a transportation authority to finance and build this required infrastructure. We have proposed that the Ontario Northland Railroad be given a new lease on life by being part of this transportation infrastructure. It has the backbone of a rail network that can deliver material to the St. Lawrence River, eastern Canada’s year-round access to world markets. Whether the agency is called a development corporation or a port authority is not terribly important. The governance structure is important.

Our proposed Northland Development Corporation Act creates a hybrid of the two and suggests what we believe to be a productively constituted Board of Directors. We believe it to be fundamental that the First Nations and their neighbouring Northern Ontario municipalities, both large and small, actually have direction and control of this transportation and development authority. In the current financial environment of historically low interest rates, there would appear to be an opportunity for such an agency to issue bonds of perhaps 50 year maturities to raise the money to build the infrastructure.

We have also completed scoping studies of the possibility of starting mining in the Ring of Fire from underground rather than by open-pit operations. These studies determined that one large shaft could provide the means to mine both Noront’s nickel deposit and our Black Horse chromite deposit.

Sincerely,

Frank Smeenk, President

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; the Corporation’s inability to maintain its title to its assets; the Corporation’s inability to obtain, maintain, renew and/or extend required licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the applicable regulatory framework; environmental damages and the cost of compliance with environmental regulations; environmental risks; adverse land claims from First Nations groups or other parties; lack of adequate infrastructure; a lack of support from the Ontario government and federal government for the development of the Ring of Fire area; the patents to be used to support the commercialization of the New Production Method will not be granted; capital and operating costs varying significantly from estimates; the risk that slurrying is not a viable option for the development of the Ring of Fire; costs of construction of a proposed road varying significantly from estimates; the inability to develop and/or complete the construction of a proposed railroad, permanent amphibious aerodrome together with an adjacent and permanent all-weather runway and heliport terminal; slowing demand for ferrochrome products; adverse general market conditions; inflation; changes in exchange and interest rates; adverse changes in commodity prices; the impact of consolidation and rationalization in the steel industry; competition; risk that amendments to current laws, regulations and permits governing operations and activities of mining companies will have a material adverse impact the Corporation; the risk that the New Production Method does not prove efficient or economical; intellectual property litigation; the risk that 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

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

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]