Business
Canadian Chrome Company Announces the Date of Its Shareholder Meeting and the Extension of Certain Warrants
Toronto, Ontario--(Newsfile Corp. - April 8, 2026) - The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A), formerly known as KWG Resources Inc. ("CCC" or
About this update from Canadian Chrome Company Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 8, 2026) - The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A), formerly known as KWG Resources Inc. (\"CCC\" or the \"Company\"), is pleased to announce that it has scheduled its annual and special meeting of shareholders (the \"Meeting\") for Wednesday, June 24, 2026, with the close of business on Wednesday, May 20, 2026, as the record date for shareholders entitled to attend and vote at the Meeting. The Company also announces that it is extending the expiry date of the time to exercise an aggregate of 175,991 warrants (the \"Subject Warrants\") to purchase multiple voting shares in the capital of the Company (the \"Multiple Voting Shares\"). The expiry date of the Subject Warrants has been extended to the earlier of (i) April 24, 2028 or (ii) a Change of Control Event (as defined below). The Subject Warrants were issued or will be issued by CCC from April 24, 2024 to and including April 24, 2026. Some of the Subject Warrants were issued as payment of accrued interest on convertible debentures (the \"Series 2023 Debentures\") issued by the Company on April 24, 2023, May 26, 2023 and June 21, 2023 upon completion of a convertible debenture private placement (the \"Offering\") (see news releases announcing such offering dated April 24, 2023, May 26, 2023 and June 21, 2023). Other Subject Warrants were issued in 2025 when some holders of Series 2023 Debentures exercised their conversion rights. Additional Subject Warrants are to be issued on April 24, 2026, for the payment of interest on Series 2023 Debentures payable on that date. Each Subject Warrant will have a maximum term of four years or less from the date of its initial issuance and will entitle its holder to purchase one Multiple Voting Share for $3.00 at any time on or before the earlier of (i) April 24, 2028 or (ii) a Change of Control Event. For these purposes, a Change of Control Event means a take-over bid or a merger, amalgamation, arrangement or other form of business combination as a result of which the shareholders of the Company immediately prior to the completion of such bid or business combination do not own a majority of votes attaching to the voting securities of the Company or of the resulting issuer, as the case may be, or do not have the power to elect a majority of the directors of the Com...