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TORONTO, ONTARIO--(Marketwired - Oct 1, 2014) - KWG Resources Inc. (TSX VENTURE:KWG) (KW6.F), ("KWG") announces that by mutual agreement of the parties, KWG and Bold Ventures Inc. ("Bold") have extended by 30 days, to October 30, 2014, the deadline by which KWG must provide Binding Notice 2. Pursuant to the Option Agreement between KWG and Bold, Section 3.1 provides that KWG must provide Binding Notice 2 by September 30, 2014 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. If the Binding Notice 2 is not delivered, the Option is terminated. 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 $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Shares issued and outstanding: 777,842,468
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KWG Resources Inc.
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EXPLORATEUR |
CODE : KWG.V |
ISIN : CA48277D2059 |
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KWG Res. est une société d’exploration minière d'or basée au Canada. KWG Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont DIAGNOS, WAWA, FREEWEST, MC FAULD'S LAKE, MACFADYEN, WAWA CLAIMS, ATTAWAPISKAT RIVER et BIG DADDY au Canada. KWG Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 16,3 millions CA$ (13,3 millions US$, 12,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2004 à 0,57 CA$, et son plus bas niveau récent le 20 mars 2015 à 0,01 CA$. KWG Res. possède 813 160 000 actions en circulation. |