Reads to me as we should expect a new Cusip and Ticker so perhaps this is the first step toward uplisting.  Let's not shout fire in the theatre... there may well be a silver lining especially if Bao's involved and/or estimated reserves of ore are proven.   

This will be accomplished via a dividend consisting of the shares of the wholly owned subsidiary KMG, pro rata, issued to all of the shareholders of CWRN, as of an effective date within 60 days hereof, on a 1 KMG share for each 1,000 CWRN shares basis, as part of the Plan of Reorganization on a record date to be determined in accordance with Notice requirements of CUSIP, DTC, and FINRA. Said KMG shares shall be held, in trust, by the Escrow Agent (transfer agent) pending effectiveness of a registration statement under the Securities Act of 1933.