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
