KWG Extends the Expiry Dates of Outstanding Warrants
KWG Extends the Expiry Dates of Outstanding Warrants
Toronto, Ontario--(Newsfile Corp. - November 29, 2023) - KWG Resources Inc. (CSE: CACR) (CSE: CACR.A), which carries on business as The Canadian Chrome Company ("CCC", "KWG" or the "Company") (The Canadian Chrome Company is a registered business style of KWG Resources Inc.) is pleased to announce that the time to exercise 551,540 warrants to purchase CACR.A multiple voting shares in the capital of the Company issued from March 17, 2022 to November 2, 2022 (each a "Warrant") has been extended to the earlier of (i) September 29, 2026 or (ii) a change of control event (as defined in the Debentures and the Warrants). The Warrants were first issued upon conversion of various debentures (the "Debentures") issued by the Corporation in 2021 as part of a convertible debenture private placement (the "Offering").
安大略省多倫多--（新聞文件公司-2023 年 11 月 29 日）- KWG Resources Inc.（CSE：CACR）（CSE：CACR.A），其業務爲 加拿大Chrome公司 （“CCC”、“KWG” 或 “公司”）（加拿大Chrome公司的註冊商業風格爲 KWG 資源公司) 欣然宣佈，行使551,540份認股權證以購買2022年3月17日至2022年11月2日發行的公司資本中CACR.A多表決權股（每股 “認股權證”）的時間已延長至（i）2026年9月29日或（ii）控制權變更事件（定義見債券和認股權證），以較早者爲準。認股權證最初是在公司於2021年作爲可轉換債券私募配售（“發行”）的一部分發行的各種債券（“債券”）進行轉換時發行的。
The expiry date of the Warrants has been extended so that each such Warrant will have a maximum five-year term from September 29, 2021, the date of the first issuance of Debentures under the Offering. Each Warrant now entitles the holder to purchase three CACR.A multiple voting shares for $3.20 per share at any time on or before the earlier of (i) September 29, 2026 or (ii) a Change of Control Event. For these purposes, a Change of Control Event means a take-over bid or a merger, amalgamation, arrangement or other form of business combination as a result of which the shareholders of the Company immediately prior to the completion of such bid or business combination do not own a majority of votes attaching to the voting securities of the Company or of the resulting issuer, as the case may be, or do not have the power to elect a majority of the directors of the Company or of the resulting issuer, as the case may be, after completion of such bid or business combination.
認股權證的到期日已延長，因此每份此類認股權證的有效期最長爲五年，即2021年9月29日，即本次發行下首次發行債券之日。現在，每份認股權證都允許持有人在（i）2026年9月29日或（ii）控制權變更事件當天或之前的任何時候以每股3.20美元的價格購買三股CACR.A多表決權股票。出於這些目的，控制權變更事件是指收購要約或合併、合併、安排或其他形式的業務合併，因此，在收購或業務合併完成之前，公司的股東不擁有公司或由此產生的發行人有表決權的證券所附帶的多數選票（視情況而定），也沒有權力選舉公司的過半數董事在完成此類投標或業務後，公司或由此產生的發行人的公司（視情況而定）組合。
About The Canadian Chrome Company:
KWG, which carries on business as The Canadian Chrome Company, 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 Canada Chrome Corporation (the "Subsidiary") which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary 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 the Subsidiary. The Subsidiary 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.
關於加拿大Chrome公司：
KWG以加拿大Chromite公司的名義開展業務，是黑馬鉻鐵礦項目（以前是Fancamp “Koper Lake-McFaulds” 物業的一部分）100％的所有者，在該項目中，Bold Ventures Inc.負責對前Fancamp對鉻鐵礦項目10％的索賠進行勘探。KWG還持有其他區域權益，包括霍恩比索賠的100％權益、麥克福爾德銅/鋅項目15％的既得權益以及Big Daddy鉻鐵礦項目30％的既得權益。KWG還擁有加拿大Chrome Corporation（“子公司”）的100％股份，該公司在安大略省阿羅蘭（納基納附近）和火環之間提出採礦索賠。該子公司已開展了一項調查和土壤測試計劃，以評估沿着火環和安大略省阿羅蘭之間的路線設計和建設鐵路的前景，涵蓋子公司提出的索賠。該子公司聘請了Cormorant Utilities和Rail-Veyor Technologies提供工程提案，以在路線內建造交通和公用事業走廊，並已收到這些提案。KWG還收購了知識產權，包括一種使用天然氣將鉻鐵礦直接還原爲金屬化鐵和鉻的方法。KWG子公司Muketi Metyleral LP已在加拿大獲得兩項鉻礦精煉專利，在美國、南非和哈薩克斯坦各獲得一項專利，並正在土耳其申請一項申請。
For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ info@canadachrome.com
欲了解更多信息，請聯繫：
布魯斯·霍奇曼，副總裁：416-642-3575 ~ info@canadachrome.com
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： 本新聞稿中列出的信息可能涉及適用證券法規定的前瞻性陳述。本警示聲明對本文中包含的前瞻性陳述進行了明確的全面限定。本文件中包含的前瞻性陳述自本文件發佈之日起作出，除非適用的證券立法明確要求，否則KWG不打算或沒有義務更新或修改任何前瞻性陳述，無論是由於新信息、未來事件還是其他原因。儘管管理層認爲此類前瞻性陳述中所代表的預期是合理的，但無法保證此類預期會被證明是正確的。
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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