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Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 135.0K
KWG On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 3:50 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

kwg resources inc (KWG) Snapshot

Open
C$0.02
Previous Close
C$0.02
Day High
C$0.03
Day Low
C$0.02
52 Week High
04/28/14 - C$0.09
52 Week Low
03/16/15 - C$0.02
Market Cap
16.3M
Average Volume 10 Days
589.6K
EPS TTM
--
Shares Outstanding
813.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KWG RESOURCES INC (KWG)

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kwg resources inc (KWG) Details

KWG Resources Inc., an exploration stage company, is engaged in the exploration and evaluation of base and precious metals in Canada. The company explores for copper, zinc, nickel, PGE, and chromium deposits. It holds interests in various exploration properties in Northwestern Ontario. The company was formerly known as Kewagama Gold Mines (Québec) Ltd. and changed its name to KWG Resources Inc. in August 1991. KWG Resources Inc. was incorporated in 1937 and is headquartered in Montréal, Canada.

4 Employees
Last Reported Date: 04/9/14
Founded in 1937

kwg resources inc (KWG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$317.3K
Chief Financial Officer
Total Annual Compensation: C$168.2K
Compensation as of Fiscal Year 2013.

kwg resources inc (KWG) Key Developments

KWG Resources Inc. To Delist Common Shares From TSX Venture Exchange

KWG Resources Inc. announced that its Board of Directors has approved the delisting of its common shares from the TSX Venture Exchange (TSXV) and that it is in the process of making an application to the TSXV concerning such delisting. As described earlier, the delisting is necessary in order for KWG to be in a position to satisfy its obligations under the option agreement with Bold Ventures Inc. in respect of the Black Horse claims. KWG's management and Board determined that it was in the best interest of its shareholders to continue to earn an 80% interest in Bold's interest in the chromite resources comprising the Black Horse claims and a 20% interest in their non-chromite resources and to husband its cash resources by issuing 35,000,000 shares of KWG rather than making a cash payment of $700,000, especially in light of the difficulty in raising equity in the current markets. Given that the value of the shares being issued is $0.02 per share (reflecting current market prices) and that the TSXV does not permit listed issuers to issue shares at less than $0.05 each in respect of this type of transaction and that the TSXV would not grant KWG a waiver from such requirement, management and the Board concluded that it was necessary to delist its shares from the TSXV in order to continue to maintain its right to earn such interest in the Black Horse claims. It is anticipated that following the delisting of KWG's shares from the TSXV, shareholders, investors and brokers will experience no disruption in their ability to trade such shares through the facilities of the CSE and that trading liquidity will not be adversely affected. In addition, such change in trading markets is not expected to affect KWG's ability to raise capital. Additionally, KWG Shares will continue to be traded on the facilities of the Frankfurt Stock Exchange and on the OTC Market in the USA.

KWG Resources Inc. Presents at Renewables and Mining Summit, Oct-16-2014 08:20 AM

KWG Resources Inc. Presents at Renewables and Mining Summit, Oct-16-2014 08:20 AM. Venue: Toronto, Ontario, Canada. Speakers: Moe Lavigne, Vice President Exploration & Development.

Cliffs In Talks With KWG For Sale Of To Exit Ontario's Ring of Fire

This week, Cliffs Natural Resources Inc. indicated that it could divest its huge chromites deposit in the Ring of Fire valued as much as $50-billion during the commodity boom and is in talks with KWG Resources Inc. (TSXV:KWG). "We should expect there will be a change, with a sale of the project one of the potential outcomes," Bill Boor, Cliffs' Executive Vice-President of corporate development said. "We have discussed the transaction. We are busy lining up the money and we are almost there," KWG's Chief Executive Officer Frank Smeenk. He added: "Lourenco and I have talked a couple times. He has confirmed that he would like to sell and we would like to buy."

 

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