KWG Announces Annual and General Meeting of Shareholders
KWG Resources Inc. (KWG.V) will host its Annual and General Meeting of Shareholders on June 5, 2013 at 11:00 a.m. ET in Toronto.
Shareholders will be asked to vote on a proposal allowing shareholders to acquire with each 50 of their present shares one new multiple-voting share, which may be converted back into the 50 subordinate voting shares at anytime.
It is hoped that if enough shareholders elect to convert some of their holdings into multiple-voting shares, these may be separately listed for trading so that they could qualify for broker margin loans.
"This is like rolling up your coins to exchange them for bills," said KWG President Frank Smeenk. "You can turn them into coins again whenever you like, but it provides us with a way to reach out to institutional investors without doing a share consolidation."
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