KWG Grants Options and Proposes Private Placement of $5 Million Convertible Debenture
Toronto, Ontario--(Newsfile Corp. - June 18, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that it has granted options to buy for $7.95 each 98,817 KWG.A shares from treasury under the provisions of its Incentive Stock Option Plan. 20,667 options were awarded to the Company's four executive officers, 51,164 to its three non-executive directors and 26,986 to seven consultants. The options may be exercised at any time prior to their expiry on...
2021-06-18 2:56 PM EDT
Canada Chrome Looks to Rail-Veyor for Transport, KWG Looks to USA for Strategic Sales of Critical Chrome
Toronto, Ontario--(Newsfile Corp. - April 21, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") subsidiary CANADA CHROME CORP ('CCC') has launched a website (www.canadachromecorp.com) focusing on transportation of mine production from the Ring of Fire mineral interests. The website includes a scoping study report prepared for CCC by Rail-Veyor Technologies Global Inc for the transportation of 10 million tons per annum of chromite ore. "This appears to be a...
2021-04-21 3:21 PM EDT
KWG Completes Debenture Conversion to Units
Toronto, Ontario--(Newsfile Corp. - April 1, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") announces completion of the conversion on March 31, 2021 of the outstanding Convertible Debentures convertible at the Company's option into Units with a deemed value of $21 per unit ("Unit"). Each Unit is comprised of four KWG.A multiple voting shares and four multiple voting share purchase warrants with each such warrant enabling its holder to acquire one...
2021-04-01 3:39 PM EDT
KWG Extends Warrants on Debenture Conversion to Units
Toronto, Ontario--(Newsfile Corp. - March 29, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") announces that the time to exercise warrants to purchase KWG.A shares for $7.50 each will be extended to December 15th, 2022 upon conversion into Units of outstanding Convertible Debentures, effective as of March 31, 2021. The outstanding Convertible Debentures are convertible at the Company's option into Units with a deemed value of $21 per unit (each a...
2021-03-29 3:41 PM EDT
KWG: Proposed Debenture Issue Repriced, Notice of Unit Terms
Toronto, Ontario--(Newsfile Corp. - March 12, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announced on January 22nd its intention to issue a Convertible Debenture to secure up to $1.1 million. The debenture will now be convertible at any time at the option of its holder, in whole or in part, into units at $7.50 each, comprised of one KWG.A multiple voting treasury share and a warrant to acquire at any time within 90 days a further KWG.A multiple...
2021-03-12 4:45 PM EST
KWG Resources Inc. & Canada Chrome Echo Matawa Regional Plan Call
Toronto, Ontario--(Newsfile Corp. - February 12, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") and its railroad subsidiary Canada Chrome Corporation ("CCC") confirm their support of regional development in the Ring of Fire business plan that they propound. "Now that railroader Tony Marquis has joined us, our next step is to ask for the purchase order at the Canada-USA Critical Minerals Task Force," said KWG CEO Frank Smeenk. "Then we can all get busy...
2021-02-12 8:42 AM EST
KWG Grants Incentive Stock Options
Toronto, Ontario--(Newsfile Corp. - January 29, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that it has granted options to buy for $3.00 each 279,470 KWG.A shares from treasury under the provisions of its Incentive Stock Option Plan. 114,285 options were awarded to the Company's four executive officers, 98,505 to its three non-executive directors and 66,680 to eight consultants. The options may be exercised at any time prior to their expiry...
2021-01-29 12:02 PM EST
KWG Announces Notice of Proposed Debenture Issue and Conversion of CCC Equity
Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces a proposed financing in which it intends to issue Convertible Debentures to raise up to $1.1 million. Each debenture will be convertible at any time at the option of its holder, in whole or in part, into units (each a 'Unit') at $6.25 each, with each Unit being comprised of one KWG.A multiple voting treasury share and one warrant. Each warrant will...
2021-01-22 8:45 AM EST
Railroader Tony Marquis to Helm KWG's Canada Chrome Corp
Toronto, Ontario--(Newsfile Corp. - January 19, 2021) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce that Tony Marquis has agreed to be the President and Chief Operating Officer of Canada Chrome Corporation ("CCC"). KWG 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. Tony Marquis has been...
2021-01-19 8:36 AM EST
KWG Closes Previously Announced Private Placement of Flow-Through Units
Toronto, Ontario--(Newsfile Corp. - December 31, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce the closing today of its previously announced non-brokered private placement (the "Private Placement") of 280,000 flow-through units (each a "Flow-Thorough Unit") at a price of $1.5001 per Flow-Through Unit for aggregate gross proceeds of $420,028 (see KWG's news release dated December 30, 2020). Each Flow-Through Unit is comprised of...
2020-12-31 2:12 PM EST
KWG Announces Proposed Private Placement of Flow-Through Units
Toronto, Ontario--(Newsfile Corp. - December 30, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce a proposed non-brokered private placement of up to 280,000 flow-through units (each a "Flow-Thorough Unit") at a price of $1.5001 per Flow-Through Unit for aggregate gross proceeds of up to $420,028 (the "Offering"). Each Flow-Through Unit is comprised of one multiple voting share of the Company (each, a "Multiple Voting Share") issued...
2020-12-30 5:56 PM EST
KWG Updates Quarterly Filing Under COVID-19 Duress, Approval of $3 Million Convertible Debentures and $1 Million Flow-Through
Toronto, Ontario--(Newsfile Corp. - September 28, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that due to circumstances created by the COVID-19 pandemic, the Ontario Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete statutory filings (the "Extension"). The Company intends to make the filings for the quarter ended...
2020-09-28 9:37 AM EDT
KWG Announces Delay in Quarterly Filing Under COVID-19 Duress, to Then File for Approval of $3 Million of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - August 28, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") announces that due to circumstances created by the COVID-19 pandemic, the Ontario Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete statutory filings (the "Extension"). The Company intends to make the filings for the quarter ended June...
2020-08-28 1:57 PM EDT
KWG Announces Further Update to Its Q1 Filing Under COVID-19 Duress
Toronto, Ontario--(Newsfile Corp. - June 26, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that, further to its news release dated May 28, 2020, the Company is expecting to file its interim financial statements and management discussion and analysis for the period ended March 31, 2020 (the "Interim Filings") by the extension date of July 14, 2020 pursuant to Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance...
2020-06-26 9:25 AM EDT
KWG Announces Further Update to Its Annual Filings and Delay in Q1 Filing Under COVID-19 Duress
Toronto, Ontario--(Newsfile Corp. - May 28, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that, further to its news release dated April 28, 2020, the Company is expecting to file its audited financial statements and management discussion and analysis for the year ended December 31, 2019 (the "Annual Filings") by the extension date of June 13, 2020 pursuant to Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance...
2020-05-28 11:28 AM EDT
KWG Announces Delay in Filing Under COVID-19 Duress; Seeks Approval for Issue of $3 Million of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - April 28, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") announces that due to circumstances created by the COVID-19 pandemic, the Ontario Securities Commission and other members of the Canadian Securities Administrators granted "Issuers" in the Canadian securities industry up to an additional 45 days, to complete year-end statutory filings (the "Extension"). The Company does not believe that it will be able to file...
2020-04-28 2:45 PM EDT
KWG Debentureholder Agrees to Extend Due Date in Exchange for Ferrochrome Warrants
Toronto, Ontario--(Newsfile Corp. - December 20, 2019) - The holder of a Convertible Debentures issued by KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") for proceeds of $500,000 has agreed to extend its maturity until March 26, 2021. As consideration for the extension, KWG will distribute ferrochrome delivery warrants ("Delivery Warrants") to the debenture holder and amend the redemption amount due and bearing interest as of December 19, 2019 to $525,000. For...
2019-12-20 11:24 AM EST
KWG to Issue Ferrochrome Warrants
Toronto, Ontario--(Newsfile Corp. - December 9, 2019) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce that debenture-holders holding a requisite majority of Convertible Debentures issued by the Company with a maturity date of December 15, 2019 (collectively, the "Convertible Debentures") have agreed to extend until March 31, 2021 the time within which KWG may exercise the right to satisfy the Convertible Debentures by converting them...
2019-12-09 5:15 PM EST
KWG Resources Extends Convertible Debenture Term
Toronto, Ontario--(Newsfile Corp. - October 3, 2019) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Corporation") has agreed to extend to December 2nd, 2019 the time within which the holder of its $500,000 convertible debenture may elect to exercise its conversion option. Within that time all or part of the sum secured by the debenture is convertible at the option of the holder into units with a deemed value of $21 per unit (each a "Unit"). Each Unit is comprised of...
2019-10-03 10:22 AM EDT
KWG Resources Announces Closing of Final Tranche of Its Convertible Debenture Private Placement
Toronto, Ontario--(Newsfile Corp. - August 27, 2019) - KWG Resources Inc. (CSE: KWG) (FSE: KW6) ("KWG" or the "Corporation") is pleased to announce closing on August 26, 2019 of the final tranche of its private placement (the "Private Placement") of convertible debentures. This tranche was comprised of an aggregate of $395,450 of debentures, bringing the total principal amount of debentures issued under the various tranches of the Private Placement to $3,775,405.83. The debentures are...
2019-08-27 4:30 PM EDT