HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: KWG Halted
1
Nov 23, 2015 01:50PM

Yes, it's officially halted. I would assume that this doesn't relate to tomorrow's court case with Noront, otherwise, Noront would probably also have been halted.

I also assume that DDI's kimberlites haven't been sold (a faint hope that I've always entertained), otherwise, DDI would also have been halted.

What does that leave?

- Some sort of agreement with Bold regarding Black Horse? Seems possible.

- Some sort of progress on their patent application? Lower probability, those things often take years to become finalized.

- Maybe they've gotten financing from a larger company in return for an NSR on something?

Seems like there are several possibilities, plus more that I haven't thought of. Hopefully the news is something that benefits the ROF as a whole, although any news out of KWG for the past couple years has traditionally been fairly underwhelming.

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IIROC Trading Halt - KWG

Canada NewsWire

TORONTO, Nov. 23, 2015

TORONTO, Nov. 23, 2015 /CNW/ - The following issues have been halted by IIROC:

Company: KWG Resources Inc.

CSE Symbol: KWG (all issues)

Reason: Pending News

Halt Time (ET): 1:36 PM ET

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions


Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.kwg/kwg-resources-inc#60SJt741LRqCSRwu.99


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