KWG Gives Notice to Convert $6.6 Million of Series 2021 Convertible Debentures into Shares and Warrants
Toronto, Ontario--(Newsfile Corp. - October 3, 2022) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) ("KWG" or the "Corporation") is pleased to announce that on September 30, 2022 it gave notice to all holders of Series 2021 Convertible Debentures (the "Debentures") that it has elected to convert all principal and accrued interest owing on the Debentures aggregating $6,609,419.86 into shares and warrants on November 2, 2022. Under the terms of the Debentures, KWG has the option, exercisable at...
2022-10-03 9:23 AM EDT
Fancamp and KWG Resources Announce Closing of the Sale of Fancamp's Interests in Koper Lake-McFaulds Mining Claims to KWG
British Columbia and Toronto, Ontario--(Newsfile Corp. - September 1, 2022) - Fancamp Exploration Ltd. (TSXV: FNC) ("Fancamp") and KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG") are pleased to announce that, further to their joint press releases dated July 21, 2022 and August 10, 2022, they have closed the sale (the "Transaction") by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the "Koper Lake-McFaulds" mineral properties,...
2022-09-01 5:30 PM EDT
KWG Purchase from Fancamp to Proceed to Closing as Bold Ventures Waives Right of First Refusal
British Columbia and Toronto, Ontario--(Newsfile Corp. - August 10, 2022) - Fancamp Exploration Ltd. (TSXV: FNC) ("Fancamp") and KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG") are pleased to announce that Bold Ventures Inc. (TSXV: BOL) ("Bold") has delivered a signed waiver in respect of its right of first refusal to acquire Fancamp interests in the four Koper Lake-McFaulds mining claims that contain the Black Horse chromite discovery, which KWG has offered to acquire from...
2022-08-10 7:00 AM EDT
Fancamp and KWG Resources Announce Binding Agreement for the Sale of Fancamp's Beneficial Interests in Koper Lake-McFaulds Mining Claims to KWG
British Columbia and Toronto, Ontario--(Newsfile Corp. - July 21, 2022) - Fancamp Exploration Ltd. (TSXV: FNC) ("Fancamp") and KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG") are pleased to announce that they have entered into a binding agreement dated July 20, 2022 with respect to a proposed transaction (the "Proposed Transaction") involving the sale by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the "Koper Lake-McFaulds"...
2022-07-21 7:00 AM EDT
KWG Resources Files Natural Resources Canada Chromite Research Report
Toronto, Ontario--(Newsfile Corp. - May 2, 2022) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") announces that it has received and filed as a Notice of Material Change on its SEDAR profile, a copy of the Canadian Chromite R&D Initiative Chapter 1.1 Chromite R&D Initiative - Background, Objectives, Approach and Summary of Accomplishments dated January 2022 and Canadian Chromite R&D Initiative Chapter 3.2.1 Direct Reduction of Chromite Conceptual Approach and...
2022-05-02 9:27 AM EDT
RING OF FIRE Electrical Infrastructure Capex Study Finds Electrification of Marten Falls, Webequie, Eabematoong, Neskantaga and Nibinamik First Nations Economically Feasible with Rail-Veyor Tramway Installation
Toronto, Ontario--(Newsfile Corp. - January 4, 2022) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") and Canada Chrome Corporation ("CCC") are pleased to announce their receipt of an Electrical Infrastructure Capex Report from OneLine Engineering, Engineering Branch of EPTCON Ltd., a Cormorant Utility Services Company (the "Electrification Plan"). The report notes that previous project financings of such infrastructure capital cost were based on 30-year...
2022-01-04 12:18 PM EST
KWG Issues Ferrochrome Warrants to Debentureholders
Toronto, Ontario--(Newsfile Corp. - December 31, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce that it has completed the issuance of ferrochrome warrants of the Company ("Ferrochrome Warrants") to those (the "Debentureholders") who held $3,879,956 of convertible debentures (the "Convertible Debentures") which had been issued in 2017 and 2018 and whose December 2019 maturity dates were extended in December 2019 to March 26 and...
2021-12-31 4:30 PM EST
KWG Resources: Rail-Veyor and Cormorant Exercise Exchange Privilege
Toronto, Ontario--(Newsfile Corp. - December 31, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") and its subsidiary, Canada Chrome Corporation ("CCC"), are pleased to announce that, in accordance with the provisions of the agreements entered into with Rail-Veyor Technologies Global Inc. ("Rail-Veyor") and Cormorant Utility Services Limited ("Cormorant") (see news release dated July 27, 2021), each of Rail-Veyor and Cormorant acquired common shares of...
2021-12-31 4:05 PM EST
RING OF FIRE 10 Million TPA Rail-Veyor to Cost US$657 Million, Designation as Mining Works for Gitchiziibii Company Bond Issue
Toronto, Ontario--(Newsfile Corp. - December 23, 2021) - KWG Resources Inc. (CSE: KWG) (KWG.A) (FSE: KW61) ("KWG" or the "Company") and its subsidiary, Canada Chrome Corporation ("CCC"), are pleased to announce their receipt of an Engineering and Design Services Report from Rail-Veyor Technologies Inc. The report estimates that the capital cost of construction of a Rail-Veyor tramway system designed to transport 10 million tonnes of chromite yearly over 338 kilometres from the proposed...
2021-12-23 12:41 PM EST
Megan McElwain Appointed KWG President
Toronto, Ontario--(Newsfile Corp. - November 15, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") ("KWG") is pleased to announce that Megan McElwain will be appointed the Company's President & COO effective January 1, 2022. Ms. McElwain leaves her role as the Vice-President and General Manager of the Canadian Chamber of Commerce. She was previously Director of Development of The Fraser Institute. Frank Smeenk will continue to be KWG's Chief Executive...
2021-11-15 6:00 AM EST
KWG Announces Stock Split and Changes to Its Articles
Toronto, Ontario--(Newsfile Corp. - November 1, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") ("KWG") is pleased to announce that, following obtaining shareholder approval at the Company's shareholder meeting held on September 21, 2021, the Company will implement the subdivision of its multiple voting shares (the "Multiple Voting Shares") on a basis of one (1) existing Multiple Voting Share being subdivided into three (3) post-subdivision Multiple...
2021-11-01 4:30 PM EDT
Additional KWG Securities Acquired by Frank Smeenk
Toronto, Ontario--(Newsfile Corp. - October 26, 2021) - Frank Smeenk is pleased to announce the acquisition on October 22, 2021 of ownership of an aggregate of $805,000 of convertible debentures (the "Debentures") through a private placement (the "Private Placement") completed by KWG Resources Inc. (CSE: KWG) (the "Issuer") (see the Issuer's news release dated October 22, 2021 for the terms of the Private Placement). The Debentures are convertible into an aggregate of 53,666 Units comprised...
2021-10-26 6:13 PM EDT
KWG Announces Closing of Third Tranche of Its Convertible Debenture Private Placement
Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") ("KWG") is pleased to announce the closing today of the third tranche of its previously announced private placement (the "Private Placement") of convertible debentures (see news releases dated August 23, 2021, September 29, 2021, and October 7, 2021). This third tranche was comprised of an aggregate of $3,642,800 of debentures, bringing the total principal...
2021-10-22 4:30 PM EDT
KWG Announces Closing of Second Tranche of Its Convertible Debenture Private Placement
Toronto, Ontario--(Newsfile Corp. - October 7, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") ("KWG") is pleased to announce the closing today of the second tranche of its previously announced private placement (the "Private Placement") of convertible debentures (see news releases dated August 23, 2021 and September 29, 2021). This second tranche was comprised of an aggregate of $350,660.08 of debentures, bringing the total principal amount of...
2021-10-07 4:30 PM EDT
KWG Announces Closing of First Tranche of Its Convertible Debenture Private Placement and Results of Shareholders' Meeting
Toronto, Ontario--(Newsfile Corp. - September 29, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") ("KWG") is pleased to announce the closing today of the first tranche of its previously announced private placement (the "Private Placement") of up to $5,000,000 of convertible debentures (see news release dated August 23, 2021). This first tranche was comprised of an aggregate of $3,410,657 of debentures. The Company anticipates completing a second tranche...
2021-09-29 5:09 PM EDT
KWG Resources Inc Announces Nomination of Fiona Blondin for New Director Position and Election by KWG Shareholders
Toronto, Ontario--(Newsfile Corp. - September 20, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") ("KWG") is pleased to announce that Fiona Blondin has agreed to accept her election as a director of the Company. As the proxy materials for the Special Meeting of Shareholders to be convened September 21, 2021, have already been mailed, KWG management will be seeking at the shareholder meeting approval of KWG shareholders to expand the Company's Board of...
2021-09-20 8:00 AM EDT
KWG Schedules Shareholders Meeting, Proposes to Split Multiple-Voting Shares Three-For-One and to Proceed with Financings
Toronto, Ontario--(Newsfile Corp. - August 23, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") ("KWG") has filed proxy materials for an Annual and Special Meeting of Shareholders to be convened on September 21, 2021 at which management will seek approval to amend the Company's Articles of Incorporation to, amongst other things, adjust the share exchange ratio between its multiple voting shares and its subordinate voting shares from 300:1 to 100:1 by...
2021-08-23 2:12 PM EDT
KWG Announces Ring of Fire Ore Transportation and Utility Corridor
Toronto, Ontario--(Newsfile Corp. - July 29, 2021) - KWG Resources Inc. (CSE: KWG) (FSE: KW61) ("KWG" or the "Company") ("KWG") has engaged Rail-Veyor Technologies Global Inc. and Cormorant Utility Services Ltd. for the preparation of Design Engineering Feasibility Proposals to construct an ore haulage system and electrical power transmission lines to the Ring of Fire and several contiguous remote communities. The power line proposal will enable the Rail-Veyor proposal to be prepared on the...
2021-07-29 9:28 AM EDT
KWG Announces Ring of Fire Ore Transportation and Utility Corridor
Toronto, Ontario--(Newsfile Corp. - July 27, 2021) - KWG Resources Inc. (CSE: KWG) (FSE: KW6) ("KWG" or the "Company") ("KWG") has engaged Rail-Veyor Technologies Global Inc. and Cormorant Utility Services Ltd. for the preparation of Design Engineering Feasibility Proposals to construct an ore haulage system and electrical power transmission lines to the Ring of Fire and several contiguous remote communities. The power line proposal will enable the Rail-Veyor proposal to be prepared on the...
2021-07-27 3:00 PM EDT
KWG: Continuous Disclosure Review
Toronto, Ontario--(Newsfile Corp. - July 16, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG") ("KWG" or the "Company") has been requested by staff ("Staff") of the Ontario Securities Commission ("OSC") to publish clarification of certain matters following an issue-oriented review by Staff of the OSC of KWG's continuous disclosure record. Economic Projections: The Company has filed a number of technical reports in accordance with NI 43-101. They include technical reports...
2021-07-16 3:36 PM EDT