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KWG Resources ( (TSE:CACR) ) just unveiled an update.
KWG Resources Inc. has announced insider participation in the next tranche of its private placement, aiming to raise up to $5 million through the issuance of units comprising multiple-voting shares and warrants. This insider involvement, categorized as a related party transaction, highlights the company’s ongoing efforts to secure funding for its mineral exploration and development projects, particularly in chromite and other base metals, without requiring minority shareholder approval due to the transaction’s scale relative to the company’s capitalization.
More about KWG Resources
KWG Resources Inc., operating as The Canadian Chrome Company, is an exploration stage company focused on the identification, acquisition, consolidation, exploration, development, and evaluation of large-scale deposits of minerals including chromite, base metals, and strategic minerals.
YTD Price Performance: 200.0%
Average Trading Volume: 991,706
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$44.79M
Learn more about CACR stock on TipRanks’ Stock Analysis page.