|By Marketwired .||
|July 21, 2014 04:19 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/21/14 -- KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) announces that it will not reconvene its Annual and General Meeting of Shareholders on July 30, 2014 at 11:00 am (local time) at the offices of Norton Rose Fulbright Canada LLP, Suite 3800, Royal Bank Plaza, South Tower, 200 Bay Street, Toronto, Ontario.
The special resolutions to amend the Company's articles to include the authority to issue preference shares and to let all shareholders wishing to do so acquire with each fifty of their present shares one new multiple-voting share (provided that these may be converted back into the fifty subordinate voting shares at any subsequent time of their choosing) have been withdrawn.
"While there is substantial support for both initiatives, some of our largest shareholders feel that they would prefer to have an opportunity to subsequently approve the specifics of any proposed preferred share issue when terms have been negotiated," explained KWG President Frank Smeenk.
Issuance of shares: KWG will issue 256,818 common shares at $0.055 to AGORACOM Inc. for the fourth payment under the shares for services contract announced November 7, 2013. All shares issued will have a hold period of four months.
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Shares issued and outstanding: 777,512,273
KWG Resources Inc.
Jan. 21, 2017 12:15 PM EST Reads: 1,759
Jan. 21, 2017 12:15 PM EST Reads: 3,731
Jan. 21, 2017 11:45 AM EST Reads: 1,845
Jan. 21, 2017 11:45 AM EST Reads: 4,126
Jan. 21, 2017 11:30 AM EST Reads: 6,429
Jan. 21, 2017 11:30 AM EST Reads: 2,803
Jan. 21, 2017 11:30 AM EST Reads: 11,571
Jan. 21, 2017 11:15 AM EST Reads: 6,117
Jan. 21, 2017 10:00 AM EST Reads: 5,665
Jan. 21, 2017 10:00 AM EST Reads: 5,116
Jan. 21, 2017 07:45 AM EST Reads: 2,452
Jan. 21, 2017 07:30 AM EST Reads: 1,308
Jan. 21, 2017 07:15 AM EST Reads: 940
Jan. 21, 2017 06:45 AM EST Reads: 1,954
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
Jan. 21, 2017 06:30 AM EST Reads: 1,658