TORONTO, ONTARIO--(Marketwire - Feb. 19, 2013) - KWG Resources Inc. (News - Market indicators).
The hearing of an application to The Mining and Lands Commissioner of Ontario that commenced on Monday February 4th, was concluded last Thursday afternoon with the tribunal reserving its decision in order to review and consider the evidence and arguments put before it during the two-week hearing.
The application seeks an Order that the Minister of Natural Resources may grant an easement under the Public Lands Act for the construction of a road by a subsidiary of Cliffs Natural Resources Inc. over mining claims recorded in the name of Canada Chrome Corporation ("CCC"), a subsidiary of KWG Resources Inc. CCC has refused to consent to the grant pursuant to section 51 of the Mining Act.
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 in a drilling program this winter. 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.
Shares issued and outstanding: 691,577,273