Massive Black Horse Chromite Discovery

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

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Message: Monthly Progress Report Filed on Jan 07 2013

Talks about the private placement for 24+M shares and flow thru, announced on Dec 31/12. Nothing much said about it then, but I was wondering why KWG would be buying back it's own shares all through the last quarter and then need to go out an finance about $1.5M on the last day of the year. Just a favour with flow thru or something strategic and to whom?

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