KWG Announces Results of Annual and Special Shareholders' Meeting

Rhea-AI Summary

KWG Resources (CSE: CACR), soon to be known as The Canadian Chrome Company, held its annual and special shareholders' meeting on July 18, 2025, with 40.38% of outstanding votes represented. Shareholders approved all four agenda items with overwhelming support, including: the reappointment of McGovern Hurley LLP as auditors (99.06% approval), election of eight board directors, amendments to the stock option plan (96.59% approval), and the company name change (98.75% approval).

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Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - KWG Resources Inc. (CSE: CACR) (CSE: CACR.A), which carries on business as The Canadian Chrome Company ("CCC", "KWG" or the "Company") is pleased to announce the results of the annual and special meeting of shareholders (the "Meeting") held on July 18, 2025. Shareholders holding an aggregate of 1,086,426,953 votes (40.38% of the outstanding votes) were present or represented by proxy at the Meeting.

The shareholders voted in favour of all four items tabled at the Meeting, namely: (i) the re-appointment of McGovern Hurley LLP as auditors of the Company, which was approved by 99.06% of the votes cast by shareholders present in person or represented by proxy at the Meeting, (ii) the election of the eight nominees listed in the management information circular dated May 20, 2025 as directors of the Company for the ensuing year or until their successors are elected or appointed; (iii) the amendment to the Company's stock option plan, which was passed by 96.59% of the votes cast by shareholders present in person or represented by proxy at the Meeting; and (iv) the change of name of the Company to "The Canadian Chrome Company Inc." which was approved by 98.75% of the votes cast by shareholders present in person or represented by proxy at the Meeting.

About The Canadian Chrome Company:
KWG, which carries on business as The Canadian Chrome Company, is an exploration stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals including chromite, base metals and strategic minerals and, where applicable, in the development of transportation and electrification links to access remote areas where these deposits may be located. The Canadian Chrome Company is a registered business style of KWG Resources Inc.

For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ info@canadachrome.com

Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and KWG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Disclaimer: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259345

FAQ

What was the outcome of KWG Resources (KWGBF) shareholders meeting on July 18, 2025?

All four agenda items were approved with strong shareholder support, including auditor appointment, director elections, stock option plan amendments, and company name change.

What is the new name approved for KWG Resources (KWGBF)?

Shareholders approved changing the company name to The Canadian Chrome Company Inc. with 98.75% of votes in favor.

What percentage of KWG Resources shareholders participated in the July 2025 meeting?

40.38% of outstanding votes (1,086,426,953 votes) were represented either in person or by proxy at the meeting.

Who was appointed as KWG Resources' auditor at the 2025 annual meeting?

McGovern Hurley LLP was reappointed as the company's auditor with 99.06% of shareholders voting in favor.