Massive Black Horse Chromite Discovery

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

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Message: Buy-Backs

I have a question for this board.

Since KWG is buying back some of its shares and cancelling them, it would seem that this will result in CLF owning more than 19.9% of KWG. What does that entail for CLF? They will become automatically an potential hostile acquirer. Does KWG have a poison pill solution already approved?

Have a great day!

SB

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