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KWG Resources ( (TSE:CACR) ) has issued an update.
KWG Resources Inc. announced its intention to acquire up to 50% equity in Newcon International Ltd., a leading manufacturer of night optical equipment and laser-based rangefinders, in a two-stage transaction. The acquisition aims to provide KWG with a steady cash flow from dividends, aiding its financial stability amidst challenging capital markets. Additionally, KWG plans a private placement of Units to raise funds, further supporting its mineral exploration activities.
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 mineral deposits, including chromite, base metals, and strategic minerals. The company also works on developing transportation and electrification links to access remote areas where these deposits may be located.
Average Trading Volume: 754,791
Technical Sentiment Signal: Sell
Current Market Cap: C$34.39M
See more data about CACR stock on TipRanks’ Stock Analysis page.