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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2016) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) -
The Company is pleased to report progress on a number of projects; the proprietary Magpie Process, a new low energy, low emissions method of separating Ti02 from titaniferous iron ores, slags and tailings; a definitive answer is awaited with respect to the application for a federal grant towards the construction of a demonstration plant. The Company is also in discussions with interested parties with respect to possible offtake agreements enabling final construction of this plant.
KWG/Bold have now earned their 50% interest in the Black Horse Chromite deposit in the Ring of Fire and the Chinese are currently working on a rail feasibility study on the Koper Lake/Nakina corridor to the CN main line, due for completion in early 2017. The possibilities for the eventual development of a world class ferrochrome industry could be significant.
HPQ Silicon Resources continues to grow, particularly in light of the potential demand for solar grade panels going forward. Fancamp currently holds about 6.5M shares and warrants on an additional 8M shares, and the date of record for the Beauce Gold Fields spinoff is due shortly.
The Company's other active asset bases include Champion Iron Mines, currently engaged in completing a new feasibility study on its Bloom Lake assets. This task is due for completion in early 2017. The Company currently holds 10,266,666 shares of Champion and a non-recourse 1.5% NSR on Champion's Fermont iron projects excepting the Bloom Lake property and the others acquired from Cliff's Natural Resources Inc.
The Company also continues its original mineral exploration activities, albeit on a small scale, starting with our current bulk sampling efforts in western Gaspé on extensive gold bearing quartz vein systems associated with the Grand Pabos Fault and associated structures. The Company is also testing a number of grassroots lithium projects in Quebec and Nova Scotia.
The Company wishes to announce the voting results of the recent AGM; 23.9% of the outstanding shares were voted (36,250,372), with 94.7% of those, voting in favour of management.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
KWG Delisting from Venture exchange
I am a Dutch investor and confused what to do. I want to stay invested in KWG but IB does not offer CSE trading.
I also have a Dutch account (Binck) but they also do not offer CSE trading.
Is my only option selling at this low share price (C$ 0.015)
Any ideas?
Dear Mr.
IB does not and will not offer CSE trading. You'll be able keep the CSE stocks with us for safekeeping, but you must transfer them out to another broker who offers CSE for trading.
Regards
Yinan
IB CA
GNH@VENTURE (Name: GOLDEN HOPE MINES LTD) announced a reverse split effective 20141201. The terms of the split are 1 : 30.
ISIN : CA3809261058
KWG Extends Time to Commit to Further Blackhorse Program
TORONTO, CANADA--(Nov. 5, 2014) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6), announces that by mutual agreement of the parties, KWG and Bold Ventures Inc. ("Bold") have extended to December 30, 2014, the deadline by which KWG must provide that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement and expend an aggregate of $8,000,000 on the property by March 31, 2015. KWG has to date incurred $5.8 million of the $8.0 million required expenditure and is proceeding with a prospectus offering of securities to fund the additional work. If the notice is not delivered within the extended time, the Option will be terminated.
"Recent events have dramatically altered the current value of opportunities in the Ring of Fire," said KWG President Frank Smeenk. "That has exacerbated a difficult exploration and development financing environment for those of us working there. We need some time to discuss these circumstances with all the participants affected by this new reality."
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.
Shares issued and outstanding: 777,842,468
Bruce Hodgman, Vice-President
416-642-3575
info@kwgresources.com