Spider Resources

I too would love to see something great by Monday,

but how do you reconcile this?? how can this be part of the game? When you wave the white flag it isn't followed by an ambush.

Spider, in accordance with its support agreement with Cliffs, has cancelled the special meeting of Spider shareholders that had been scheduled for July 8, 2019 to consider the proposed merger between KWG and Spider.

�Cliffs� offer provides immediate value, liquidity and certainty for Spider shareholders,� said William C. Boor, President of Cliffs� Ferroalloys business unit. �We encourage Spider shareholders to tender their shares by the July 6 deadline to take advantage of our all-cash offer.�

Added Neil Novak, President and CEO of Spider, �We have agreed to give our full support to Cliffs because Cliffs� All-Cash Offer is clearly in the best interest of Spider�s shareholders. All directors and officers of Spider have agreed to tender their shares under Cliffs� All-Cash Offer, and we strongly recommend that all other Spider shareholders tender as well.�

D