Did anybody get a big package(s) from your broker this week with updated Interim Financial Statments up to Sep 30, 2009, including updated Management Discussion and Analysis? I did, here are some interesting facts that you can get on SEDAR.COM as well, dated Nov 26, 2009:

Basis of consolidation

These interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries Debuts Diamonds Inc. ("DDI"), incorporated in Ontario, Canada on October 18, 2007 and Chrome Canada Corporation, incorporated in Ontario on July 15, 2009.

(a) During the third quarter of 2009, the Company, through its wholly owned subsidiary Canada Chrome Corporation, continued to explore and develop a transportation link to the Company’s properties in Northern Ontario. All costs related to this project have been capitalized.

(c) On March 27, 2009, the Company negotiated an amendment to the Freewest option agreement whereby the option earn-in calls for a $15 million, three-year commitment. As a result of this amendment, the Company no longer is required to prepare a bankable feasibility study within 18 months, as had been called for in the 2005 agreement, upon successful completion of documentation evidencing such amendment and the receipt of all required approvals. Under the amendment, KWG would have options for up to a $7.5 million commitment over the next three years, of which $2.5 million would be required to be spent before March 31, 2010.

On September 14, 2009 KWG announced that KWG, Freewest Resources Canada Inc. and Spider Resources Inc. have amended their December 2005 Option Agreement with respect to Freewest's McFaulds joint venture property located in Ontario. Each of KWG and Spider has to date earned a 25% interest in the McFaulds joint venture property.

The Amended Option Agreement also provides that upon the earlier of the termination of the option period, or KWG and Spider acquiring an aggregate 60% interest in the McFaulds joint venture property, a Joint Venture Agreement among the three parties will automatically enter into effect. The Joint Venture Agreement is a schedule to the Amended Option Agreement.

On September 16, 2009 KWG advised that KWG and Spider have terminated past area of interest agreements. As a result of the termination of these agreements, the parties will no longer be obliged to share acquisitions in any area of interest covered by the agreements, or have any obligation to each other regarding business opportunities in such areas of interest.

To enable KWG and Spider to act independently of each other, the parties have terminated agreements signed between them in April 2003 and May 2006. Following KWG's financial reorganization in 1998, the April 2003 agreement consolidated various arrangements between the parties under a joint venture initially constituted in 1992. When KWG negotiated an option on a block of claims from Freewest Resources Canada Inc in 2005, the area-of-interest provisions of the 2003 agreement dictated that the option be shared with Spider. A further agreement governing the equally-earned optioned interests was completed by the parties in May 2006.

As a result of amendments to the terms of the Freewest Option agreement that the three parties to it announced in individual news releases on Monday, September 14, 2009, the two underlying agreements between KWG and Spider have now been terminated in order to permit the parties to pursue their independent business interests.

On September 24, 2009 CCC engaged Krech Ojard & Associates, P.A. of Duluth, Minnesota to provide engineering services for the construction of a new 350km (210 mi) railroad link to the Ring of Fire.

Following the conversion of the debenture, Cliffs held an aggregate of 71,584,056 common shares and 31,535,623 warrants representing 19.9% of the issued and outstanding common shares on a fully diluted basis.

Each warrant entitles Cliffs to purchase one (1) common share at $0.0581 (US$0.05) until March 16, 2010 and $0.1162 (US$0.10) thereafter (subject to the undertaking of the Company to reduce such price to $0.0581 (US$0.05) upon regulatory approval) and is exercisable for 20 business days following the issuance by the Company of five (5) common shares upon the exercise of any of the warrants, options and other rights to purchase or obligations of the Company to issue common shares outstanding as at January 20, 2009.