Montréal, Canada – November 17th, 2010 – KWG Resources Inc. (“KWG”) has notified Cliffs Natural Resources Inc (“Cliffs”) that it will accept its offer of $0.19 per share for all of its shares of Spider Resources Inc. (“Spider”). The acceptance of the offer by KWG effects…
Montréal, Canada – November 16th, 2010 – KWG Resources Inc. (“KWG” or “the Company”) advises that Cliffs Greene B.V. (“Cliffs”) presently owns 19.3% of KWG’s equity on a fully diluted basis. Incorrect information was published in KWG’s news release yesterday, November 15, 2010. Cliffs is the…
Montréal, Canada – November 15th, 2010 – KWG Resources Inc. (“KWG” or “the Company”) advises that it has received conditional listing approval from the TSX Venture Exchange for a private placement of treasury shares to raise up to $3 million. The Company has provided notice of…
Montréal, Canada – October 13th, 2010 – KWG Resources Inc. (“KWG”) advises that it has recovered a bulk sample of more than two tonnes as required for ongoing metallurgical testing, from the Big Daddy chromite deposit. The sample was taken by drilling large diameter HQ core…
Montréal, Canada – October 1st, 2010 – KWG Resources Inc. (“KWG”) is pleased to report that it has commenced recovery of a 2-tonne bulk sample from the Big Daddy chromite deposit under the programs recommended by the Technical Committee to bring forward the understanding of the…
Montréal, Canada – August 9th, 2010 – KWG Resources Inc. (“KWG”) in consultation with co-optionee Spider Resources Inc. (“Spider”) has received approval from the Big Daddy Technical Management Committee for its proposed program of deep drilling and bulk sampling. The Big Daddy Technical and Management Committee…
Montréal, Canada – June 29, 2010 – The Special Committee of the Board of Directors of KWG Resources Inc. (“KWG”) has determined that the amended offer of Cliffs Natural Resources Inc. (the “Amended Offer”) in respect of the common shares of Spider Resources Inc. (“Spider”) is…
Montréal, Canada – July 9, 2010 – KWG Resources Inc. (TSXV: KWG) (“KWG”) advises that it will not tender its holdings of common shares in Spider Resources Inc. (TSXV: SPQ) (“Spider”) to the takeover offer made by a subsidiary of Cliffs Natural Resources Inc. (“Cliffs”). Based…
Montréal, Canada – KWG Resources Inc. (“KWG“) announces that Spider Resources Inc. (“Spider“) has terminated the combination agreement among KWG, its wholly-owned subsidiary, 7569076 Canada Inc., and Spider dated as of June 11, 2010 and has paid to KWG a break-fee of $2,300,000 in connection…
Montréal, Canada – At the request of IIROC, KWG Resources Inc. (“KWG“) is retracting in its entirety the disclosure of the valuations contained in its June 30, 2010 press release entitled “KWG Reports Two Independent Valuation Opinions” (the “Valuations Press Release“), which is based on…