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.
in response to Keep Digging's message

If they just create 300 shares from the existing one shares available. BUT the cicular also says they can create an unlimited amount of the new class 300 share also. That, the board i expect will do which will then cause much dilution as the board sells as many of the newly created 300 shares they produce from unlimited reserve shares the board can create. That is where the dilution will come from and that is where the share price will suffer. The existing 1 shares can also be changed into a 300 share BUT the board will also be able to create an unlimited amount of NEW 300 shares, that is what most do not seem to care about.

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goodheart-r
City
ingersoll
Rank
Treasurer
Activity Points
5025
Rating
Your Rating
Date Joined
06/16/2011
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KWG Resources Inc.
Symbol
KWG
Exchange
CSE
Shares
1,140,494,718 FD, Aug 20/16
Industry
Metals & Minerals
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