KWG Subsidiary Canada Chrome Corporation Wins Leave To Appeal Decision That Consent Not Required For Use Of The Claims Accessing Its Ring Of Fire Deposits
27 Jan 2015, Posted by in 2015Toronto, Canada, January 27, 2015 – KWG Resources Inc. (TSXV: KWG; Frankfurt: KW6) subsidiary Canada Chrome Corporation has received an Order of the Court of Appeal of Ontario granting leave to appeal the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014. As reported on August 1, 2014, the Divisional Court decision ruled that CCC’s consent should be waived in an application for an easement to build a road over its mining claims.
Canada Chrome Corporation may now file its Notice of Appeal on or before January 30, 2015 and perfect its appeal thirty days thereafter, on or before March 2, 2015. The respondent, a Cliffs Natural Resources Inc. subsidiary, may then file its responding factum and compendium sixty days thereafter. A date for the hearing of the Appeal, by a three-judge panel of the Court of Appeal for Ontario, will then be assigned. The hearing date is expected to be fixed for early summer.
“We are very gratified that this issue will be revisited by the Ontario Court of Appeal”, said KWG President Frank Smeenk. “Many of our exploration industry professionals were left wondering how to protect their investors’ interests if claim-staking was no longer to be available for the exclusive exploitation of a discovery. We look forward to the Court of Appeal clarifying this issue, which goes to the root of Canada’s world-renowned mining laws and exploration industry leadership.”
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. KWG has also acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. 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.
For further information, please contact:
Bruce Hodgman, Vice-President
416-642-3575 ● [email protected]
