KWG Resources Inc.

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.

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no theory

KWG Resources Inc.

over 14 years ago

Re: no theory - Cliffs holdings

over 14 years ago

over 14 years ago

over 14 years ago

Re: no theory - Cliffs holdings

KWG Resources Inc.

over 14 years ago

in response to luckylou's message

"We all know cliffs already owns 20+% of KWG

They have Options for how many more...?"

My understanding is that Cliffs (directly and tru its off-shore arm) holds 19,9 % of KWG, and that all warrants/options have been exercised. I believe that CLiffs would have to disclose any increase in ownership.

I also understand that KWG owns 100% of Canada Chrome Corp which now owns all non-diamond assets and claims + interests in the railroad projets, and also 100% of Debut Diamond Inc, which now owns all diamond assets and claims.

And we do have a multi-cultural cocktail of companies: an american corporation (Cliffs), an off-shore corporation (Cliffs Holdings N.V.), a Quebec provincial corproation (KWG), an Ontario provincial corporation (DDI), and a Canada federal corproation (CCC).

Hope the ecclectic recipe works for us!

GLTA.

BB.