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Montréal, Canada – July 9, 2010 – KWG Resources Inc. (TSXV: KWG) (“KWG”) advises that it will not tender its holdings of common shares in Spider Resources Inc. (TSXV: SPQ) (“Spider”) to the takeover offer  made by a subsidiary of Cliffs Natural Resources Inc. (“Cliffs”). Based…

Montréal, Canada – KWG Resources Inc. (“KWG“) announces that Spider Resources Inc. (“Spider“) has terminated the combination agreement among KWG, its wholly-owned subsidiary, 7569076 Canada Inc., and Spider dated as of June 11, 2010 and has paid to KWG a break-fee of $2,300,000 in connection…

Montréal, Canada – At the request of IIROC, KWG Resources Inc. (“KWG“) is retracting in its entirety the disclosure of the valuations contained in its June 30, 2010 press release entitled “KWG Reports Two Independent Valuation Opinions” (the “Valuations Press Release“), which is based on…

KWG Resources Inc. (“KWG” – TSXV:KWG) and Spider Resources Inc. (“Spider” – TSXV:SPQ) announce that Spider has determined that the offer made to it by KWG (the “New KWG Offer”) proposing certain amendments to the terms of the combination agreement among KWG, its wholly-owned subsidiary,…

Montréal, Canada – June 8, 2010 – KWG Resources Inc. (“KWG” or the “Company”) announces that the previously announced formal valuation of the Company’s common shares has been commenced by the independent valuator, Cormark Securities Inc.. In a letter delivered by Cliffs to KWG on June…