Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: My question - CCC/DDI
2
Jun 10, 2010 05:08PM

The 09 MD&A states:

"KWG Resources Inc., ("KWG" or the "Company"), is an exploration stage company with interest in two group of properties in Ontario, Canada: The chromite, nickel, base metal group held by its wholly-owned subsidiary, Canada Chrome Corporation ("CCC"), and the diamond group held by its wholly-owned subsidiary, Debuts Diamonds Inc. ("DDI")."

So KWG would have only 2 assets: 100 % Shares of CCC and 100 % Shares of DDI. All tangible assets (claims, RR RoW, etc,,,) would be held by the subsidiaries.

I recall to have seen somewhere that the NSR was also in CCC, but not sure...

I guess that all our questions will be answered soon, in the Notice of the Special meeting of Spider. Details about the KWG/Spider recent Binding Agreement, and of the Amalgamation Agreement should be revealed and explained. Interesting reading to come...

GLTA.

BaBe.

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