HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: AT12

"Did any one notice how quick Cliff`s say now the SPQ bod is on our side . There it is the bod is selling out I wonder what their bonus will be

where did you see spq's bod state they were with cliffs?"

I think the above comment came from the paragragh below. It does not state that Spider is supporting Cliff's and Cliffs is just making the comment that all together what the aggregate total is. Trying to show how much support Cliff's has relative to the BOD of Spider. Cliff is good at what they do.

"Lock-up With Spider�s Largest Shareholder

Cliffs� lock-up agreement is with Toronto-based MineralFields Group (�MineralFields�), Spider�s largest shareholder. MineralFields owned approximately 13.8% of Spider�s shares outstanding as at the record date of June 4, 2010 for the special meeting of Spider shareholders to vote on the Merger. MineralFields has agreed to tender to Cliffs' Revised Offer and to vote against the Merger. Cliffs currently holds approximately 4.2% of Spider on a fully-diluted basis. In aggregate, Cliffs, Spider directors and officers, and MineralFields, through ownership of shares, options, and warrants of Spider, own approximately 21.5% of Spider�s shares on a fully-diluted basis."

Share
New Message
Please login to post a reply