09:52 AM EST - Spider Resources Inc. : announces that Cliffs Natural Resources Inc. plans to make takeover bids pursuant to which Cliffs or an affiliate would acquire all of the common shares of each of KWG Resources Inc. and/or Spider Resources Inc. not owned by Cliffs or its affiliates. Neither of the proposed takeover bids, which will be funded with Cliffs' existing cash resources, is conditional on the completion of the other. Spider Resources Inc.
shares V.SPQ are trading even at $0.08.
