|By Marketwired .||
|April 29, 2014 04:02 PM EDT|
TORONTO, ONTARIO -- (Marketwired) -- 04/29/14 -- KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") advises that an Order has been made by the Divisional Court of the Superior Court of Justice of Ontario following argument yesterday of the application of the Attorney General of Ontario, for leave to intervene on behalf of the Minister of Northern Development and Mines in an appeal to be heard by the Court in mid-June.
The scheduled hearing results from a Cliffs Natural Resources Inc. subsidiary ("Cliffs") having appealed a decision of the Mining and Lands Commissioner of Ontario rendered on September 10, 2013. In that decision, the tribunal dismissed Cliffs' application for an order to dispense with the consent of KWG so that an easement might be granted to Cliffs to build a road over the mining claims staked and assessed by KWG subsidiary Canada Chrome Corporation.
Divisional Court Justice Thomas Lederer ordered that the Attorney General, on behalf of the Minister of Northern Development and Mines, should be granted leave to address the Divisional Court panel to be convened to hear the Cliffs appeal provided the representations are concluded within a half-hour.
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 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
KWG Resources Inc.