KWG Applauds Northern Policy Institute Commentary
18 Juni 2014 - 3:29PM
Marketwired
KWG Applauds Northern Policy Institute Commentary
MONTREAL, QUEBEC--(Marketwired - Jun 18, 2014) - KWG Resources
Inc. (TSX-VENTURE:KWG) applauds the release yesterday by the
Northern Policy Institute of its Commentary No. 1 / Friday, June 13,
2014, The Airport/Port Transportation Authority Model, Is It
Applicable for Ontario's Ring of Fire Mineral
Development? authored by Nick Mulder.
"The Northland Development Corporation Bill that we proposed
to all candidates who recently sought election to the Ontario
Legislature, is fashioned after the governance model of a
Port/Airport Authority", said KWG President Frank Smeenk.
"We originally concluded that the federal government might be
the better sponsor of such a corporation, because the Ontario
government had then declared its intention to dispose of the assets
of the Ontario Northland Transportation Commission. These are
legacy assets that can assist the Ring of Fire deposits to achieve
very long-term economic viability in a highly competitive global
market for stainless steel inputs. If our Bill is adopted by
Ontario's newly-elected parliament, it would effectively create a
provincial Transportation Authority on the model of the many such
very successful federal agencies across Canada. However, the Bill
can as easily become the charter of a federally incorporated
Transportation Authority and so benefit from the sponsorship of the
governments of both Canada and Ontario. As both governments have
pledged their support for development of the Ring of Fire, this
might be a most elegant means for their collaboration."
About KWG: KWG has a 30% interest in the Big Daddy
chromite deposit and the right to earn 80% of the Black Horse
chromite where resources are being defined. KWG has also acquired
interests in provisional patents including a method for the direct
reduction of chromite to metalized iron and chrome using natural
gas. KWG also owns 100% of Canada Chrome Corporation which has
staked claims and conducted a $15 million surveying and soil
testing program for the engineering and construction of a railroad
to the Ring of Fire from Exton, Ontario.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Shares issued and outstanding: 777,512,273
KWG Resources Inc.Bruce
HodgmanVice-President416-642-3575info@kwgresources.com
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