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KWG Resources ( (TSE:CACR) ) has shared an announcement.
The Canadian Chrome Company Inc. announced the award of $1,000,000 in deferred compensation to its CEO, Frank Smeenk, under its Executive Compensation Plan. This compensation will be paid in the form of 657,894 units, each comprising one multiple-voting share and a share purchase warrant, by December 31, 2028. The issuance of these units is considered a related party transaction but did not require a formal valuation or minority shareholder approval due to the company’s current market capitalization.
More about KWG Resources
The Canadian Chrome Company Inc. is an exploration stage company focused on the identification, acquisition, consolidation, exploration, development, and evaluation of large-scale mineral deposits, including chromite, in the Ring of Fire. The company also engages in the development of transportation and electrification links to access remote areas where these deposits may be located.
Average Trading Volume: 613,789
Technical Sentiment Signal: Sell
Current Market Cap: C$27.51M
See more data about CACR stock on TipRanks’ Stock Analysis page.