KWG

KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) reports that the Divisional
Court of the Ontario Superior Court of Justice on Wednesday released its
decision in the appeal brought by 2274659 Ontario Inc., a subsidiary of Cliffs
Natural Resources Inc. ("Cliffs"), of the judgment of the Ontario Mining and
Lands Commissioner ("MLC") issued September 10, 2013. The appeal was heard on
June 16 and 17, 2014. Wednesday's decision allowed the appeal, set aside the
decision of the MLC and granted the original application to dispense with the
consent of KWG subsidiary Canada Chrome Corporation ("CCC") to an application
for an easement over CCC claims. 


The Divisional Court reasons held, in part: "Whether or not it is in the public
interest to grant an easement for a road is a matter for the Minister of Natural
Resources to determine, after an environmental assessment and consultation with
First Nations and other affected interests. It is for the Minister to determine
whether the easement should be granted in the public interest and on what terms.
CCC will be able to participate in that process." And elsewhere: "I would add
that the issue being decided under s.51(4) of the Mining Act does not deprive
CCC of its ability at the next stage to oppose Cliffs' easement application or
to ask for conditions that would protect its legitimate interests in its mining
claims."   


Counsel for KWG are reviewing the Divisional Court's extensive reasons for
judgment.  


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com
www.kwgresources.com

(TSXV:KWG)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

(TSXV:KWG)
Historical Stock Chart
Von Jun 2023 bis Jun 2024