Canada Chrome Corporation to Become New Name of KWG Resources Inc
Canada Chrome Corporation to Become New Name of KWG Resources Inc
KWG is the owner of 100% of the Black Horse chromite project (formerly part of Fancamp's "Koper Lake-McFaulds" properties) in which Bold Ventures Inc. is carried through exploration of the former Fancamp claims for 10% of the chromite project. KWG also holds other area interests including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. KWG also owns 100% of CCC which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. CCC has conducted a surveying and soil testing program to assess the prospects for the engineering and construction of a railroad along that route between the Ring of Fire and Aroland, Ontario covering the claims staked by CCC. CCC engaged Cormorant Utilities and Rail-Veyor Technologies for Engineering Proposals for the construction of a transportation and utility corridor within the route and has received those proposals. KWG has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP has acquired two chromite-refining patents in Canada and one in each of the USA, South Africa and Kazakhstan, and is prosecuting an application in Turkey.Toronto, Ontario--(Newsfile Corp. - May 18, 2023) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) ("KWG" or the "Company") upon receipt of required approvals, will amalgamate with its wholly-owned subsidiary Canada Chrome Corporation ("CCC"). CCC's assets will be transferred to its affiliate Ring of Fire Transportation & Utilities Inc., also a wholly-owned subsidiary of KWG now.
安大略省多倫多-(Newsfile Corp.-2023年5月18日)-KWG Resources Inc.(CSE：KWG)(以下簡稱“KWG”或“公司”)在收到所需批准後，將與其全資子公司合併加拿大鉻公司(“CCC”)。CCC的資產將轉移到其附屬公司Ring of Fire Transport&Utilities Inc.，後者也是KWG Now的全資子公司。
The amalgamated company will adopt the name Canada Chrome Corporation. KWG has acquired license to the business style and word mark "Canada Chrome", for its use pending completion of the amalgamation.
合併後的公司將採用加拿大鉻公司的名稱。KWG已經獲得了商業風格和單字標記“Canada Chrome”的許可證，在合併完成之前使用。
About KWG:
關於KWG：
KWG is the owner of 100% of the Black Horse chromite project (formerly part of Fancamp's "Koper Lake-McFaulds" properties) in which Bold Ventures Inc. is carried through exploration of the former Fancamp claims for 10% of the chromite project. KWG also holds other area interests including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. KWG also owns 100% of CCC which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. CCC has conducted a surveying and soil testing program to assess the prospects for the engineering and construction of a railroad along that route between the Ring of Fire and Aroland, Ontario covering the claims staked by CCC. CCC engaged Cormorant Utilities and Rail-Veyor Technologies for Engineering Proposals for the construction of a transportation and utility corridor within the route and has received those proposals. KWG has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP has acquired two chromite-refining patents in Canada and one in each of the USA, South Africa and Kazakhstan, and is prosecuting an application in Turkey.
KWG是黑馬鉻鐵礦專案(以前屬於Fancamp的“Koper Lake-McFaulds”物業的一部分)的100%所有者，Bold Ventures Inc.在該專案中對前Fancamp聲稱的鉻鐵礦專案10%的權益進行了勘探。KWG還持有其他地區的權益，包括Hornby Claims的100%權益、McFaulds銅/鋅專案15%的既有權益以及Big Pardy鉻鐵礦專案的30%的既有權益。KWG還擁有CCC 100%的股份，後者在安大略省阿羅蘭(納基納附近)和火環之間提出了採礦主張。CCC已經進行了一項測量和土壤測試計劃，以評估在火環和安大略省阿羅蘭之間的這條路線上修建一條鐵路的工程和建設前景，涵蓋CCC提出的索賠。CCC邀請Cormorant Utilities和Rail-Veyor Technologies為在該路線內建造一條交通和公共設施走廊提出工程建議，並已收到這些建議。KWG還獲得了知識產權權益，包括一種使用天然氣將鉻鐵礦直接還原為金屬化鐵和鉻的方法。KWG的子公司穆凱蒂冶金有限公司已經在加拿大以及美國、南非和哈薩克分別獲得了兩項鉻鐵礦精煉專利，並正在起訴土耳其的一項申請。
For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ info@kwgresources.com
如需更多資訊，請聯繫：
總裁副經理布魯斯·霍奇曼
Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and KWG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.
前瞻性陳述：根據適用的證券法，本新聞稿中的資訊可能涉及前瞻性陳述。本文中包含的前瞻性陳述完全受本警告性聲明的限制。本文中包含的前瞻性陳述是截至本文發表之日作出的，KWG沒有任何意圖或義務來更新或修改任何前瞻性陳述，除非適用的證券法規明確要求，無論是由於新資訊、未來事件還是其他原因。儘管管理層認為這些前瞻性陳述中的預期是合理的，但不能保證這些預期將被證明是正確的。
No solicitation: This news release does not constitute an offer to sell or solicitation of an offer to buy any securities that may be described herein and accordingly undue reliance should not be put on such.
禁止徵集：本新聞稿不構成出售或徵求購買本文所述任何證券的要約，因此不應過分依賴此類證券。
Disclaimer: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
免責聲明：加拿大證券交易所及其監管服務提供商(該術語在CSE的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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