12:10 PM EST - Spider Resources Inc. : says Cliffs Natural Resources Inc. announced Monday that it continues to review its options with respect to making a formal offer for the common shares of KWG Resources Inc. and may not make such an offer in light of KWG's disclosure on May 25, only one day after Cliffs' announced intention to bid for KWG, that it has entered into a binding letter agreement to merge with Spider Resources Inc. Spider Resources Inc.
shares V.SPQ are trading up $0.005 at $0.14.
