KWG Updates Appeals Status14 Jul 2015
Toronto, Canada, July 14, 2015 – With respect to the appeal of the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014, counsel for the parties have agreed with the Registrar of the Court of Appeal for Ontario to conduct the hearing previously scheduled for October 20th, 2015 on November 25th, 2015 instead.
Factums filed by the Appellant KWG Resources Inc. (CSE: KWG; Frankfurt: KW6) (“KWG”)subsidiary Canada Chrome Corporation, by the Respondent 2274659 Ontario Inc., and by the Intervenor Minister of Northern Development and Mines are posted on KWG’s website:www.kwgresources.com.
In the appeal by Noront Resources Ltd. of the Mining Recorder’s order made June 24, 2014 granting to KWG and Canada Chrome Corporation claims staked and recorded on June 21, 2011, the Mining and Lands Commissioner ordered on June 19, 2015 that the Appellant file its material by no later than July 20, 2015 following which the Respondent must file its material by August 20, 2015. A copy of the Order to File is also posted on the KWG website.
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 also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The company has determined that the reduction method can be employed to metalize finely ground chromite which may be recovered from slurry delivered to Aroland in an underground pipeline constructed within the Canada Chrome claims.
Download PR219 Jul 14 2015