Montréal, Canada – KWG Resources Inc. (KWG) has received notification from Spider Resources Inc (Spider) that Cliffs Natural Resources Inc (Cliffs) has amended its offer in response to Spider accepting KWG’s matching offer, as announced on June 25, 2010 in the joint press release of…
KWG Resources Inc. (“KWG” – TSXV:KWG) and Spider Resources Inc. (“Spider” – TSXV:SPQ) announce that Spider has determined that the offer made to it by KWG (the “New KWG Offer”) proposing certain amendments to the terms of the combination agreement among KWG, its wholly-owned subsidiary,…
Montréal, Canada – June 22, 2010 – KWG Resources Inc. (“KWG”) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSXV”) with respect to the previously announced business combination (the “Amalgamation”) with Spider Resources Inc. (“Spider”). Pursuant to the Amalgamation,…
Montréal, Canada – June 18, 2010 – KWG Resources Inc. (“KWG” or the “Company”) has received notification from Spider Resources Inc (Spider) that Cliffs Natural Resources Inc (Cliffs) has made a Spider Alternative Proposal (as defined in the combination agreement among KWG, its wholly-owned subsidiary, 7569076 Canada…
Montréal, Canada – KWG Resources Inc. (“KWG” or the “Company”) is pleased to announce the signing of a definitive business combination agreement (the “Combination Agreement“) with Spider Resources Inc. (“Spider“) pursuant to which KWG and Spider propose to complete a business combination (the “Amalgamation“). The…
Montréal, Canada – June 8, 2010 – KWG Resources Inc. (“KWG” or the “Company”) announces that the previously announced formal valuation of the Company’s common shares has been commenced by the independent valuator, Cormark Securities Inc.. In a letter delivered by Cliffs to KWG on June…
Montréal, Canada – June 3rd, 2010 – The Special Committee of the Board of Directors of KWG Resources Inc. (“KWG” or the “Company”) announces that it has engaged Cormark Securities Inc. to complete a formal valuation of the Company’s common shares in response to Cliffs…
Montréal, Canada – May 28, 2010 – KWG Resources Inc. (“KWG” or the “Company“) noted the press release issued by Cliffs Natural Resources Inc. (“Cliffs”) with respect to the announcement of the proposed merger between KWG and Spider Resources Inc. (“Spider” – TSXV:SPQ). The proposed merger…
Montréal, Canada – May 25, 2010 – KWG Resources Inc. (“KWG” or the “Company“) announces today that the board of directors of the Corporation has approved the adoption of a shareholder rights plan, effective May 25, 2010. The objective of the rights plan is to…
Montréal, Canada – May 24, 2010 – KWG Resources Inc. (“KWG” or the “Company“) announces that the Company has received a non-binding take-over bid proposal. In response to such proposal and to consider strategic alternatives, the board of directors of the Company (the “Board”) has met…