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…
Montréal, Québec – May 24, 2010 / – KWG’s Board of Directors has appointed Cynthia Thomas to fill a vacancy occasioned by the resignation of Richard P. Fink as a Director of the Company late on Friday afternoon May 21, 2010. Ms. Thomas is Chair…
Montréal, Québec – May 21, 2010 / – Following the annual and special meeting of shareholders held on May 19, 2010, KWG Resources Inc. announces the re-election of Messrs. Richard P. Fink, Douglas M. Flett, René R. Galipeau, Michael S. Harrington, Bruce D. Reid, Frank…
Massive Chromite Domain estimated to contain indicated resource of 23.2 million tonnes averaging 40.66% Cr2O3, additional inferred resource of 16.3 million tonnes averaging39.09% Cr2O3 TORONTO, ONTARIO – May 3, 2010 – KWG Resources Inc. (KWG:TSX-V) (“KWG”), Spider Resources Inc. (SPQ:TSX-V) (“Spider”) and Freewest Resources Canada…