09:42 AM EST - Spider Resources Inc. : has terminated the combination agreement with KWG Resources Inc. In connection with the termination, Spider has paid a break-fee of $2.30 million to KWG. As the deal with Spider was terminated, Cliffs Natural Resources Inc. can now proceed with its all-cash offer to takeover KWG. Cliffs Natural has offered an all-cash offer of $0.19 per share for KWG. Spider Resources Inc.
shares V.SPQ are trading even at $0.19.
