KWG Resources Inc.: Railroader Tony Marquis to Helm KWG s Canada Chrome Corp
KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6)
( KWG or the Company ) is pleased to announce that
Tony Marquis has agreed to be the President and Chief Operating Officer of
Canada Chrome Corporation ( CCC ). KWG owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario.
Tony Marquis has been a top tier executive with both CN and CP, where he played an integral role in the two most successful railroad turnarounds in North America. At both companies, he worked closely with his mentor, the legendary Hunter Harrison, who led both railroads to becoming the most efficient in the industry. Marquis was also the President and CEO of FENOCO S.A., a heavy haul railroad based in Bogota, Colombia. He is a third-generation railroader and hails from Northern Ontario.
KWG Resources Inc.: KWG Announces Proposed Private Placement of Flow-Through Units KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6)
( KWG or the Company ) is pleased to announce a proposed non-brokered private placement of up to 280,000 flow-through units (each a
Flow-Thorough Unit ) at a price of $1.5001 per Flow-Through Unit for aggregate gross proceeds of up to $420,028 (the
Offering ). Each Flow-Through Unit is comprised of one multiple voting share of the Company (each, a
Multiple Voting Share ) issued on a flow-through basis in accordance with the
Income Tax Act (Canada) (each a
Flow Through Share ) and one multiple voting share purchase warrant (each a