KWG Resources terminates Oct. 12 special meeting
KWG RESOURCES Inc. has terminated the meeting of its shareholders which had been ad jou r ne d to 11 a.m. on Friday, Oct. 12, 2018. The purpose of the adjournment was to solicit votes in favour of a special resolution to amend the articles of incorporation of the company to provide its board of directors with authority to issue special shares. While a large majority of the shareholders voting supported the amendment, the solicitation failed to achieve the required two-thirds majority needed to pass the special resolution, and the meeting has been terminated.
About KWG Resources Inc.
KWG is the operator of the Black Horse joint venture after acquiring a vested 50-per-cent interest through Bold Ventures Inc. from Fancamp Exploration Ltd. KWG finances all joint venture exploration expenditures and Bold is carried for a 20-per-cent interest in KWG’s interest.
KWG also owns 100 per cent of Canada Chrome Corp., which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railway to the Ring of Fire from Aroland, Ont.
We seek Safe Harbor.
Jennifer Lee Boyle, Douglas Melville Flett, Thomas John Pladsen, Bruce Douglas Reid, Donald Alexander Richard Sheldon, Frank Cornelius Smeenk
(KWG) Shares: 50,000