Welcome To The Spider Resources HUB On AGORACOM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
Message: Info i get on SEDAR...early warning
SPIDER RESOURCES INC. EARLY WARNING REPORT FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 SECTION 111 OF THE SECURITIES ACT (BRITISH COLUMBIA) SECTION 141 OF THE SECURITIES ACT (ALBERTA) SECTION 101 OF THE SECURITIES ACT (ONTARIO) SECTION 147.11 OF THE SECURITIES ACT (QUEBEC) (a) The name and address of the eligible institutional investor. Ravensden Asset Management Inc. (“Ravensden”) One Adelaide Street East, 29
th
Floor
Toronto, Ontario M5C 2V9
(b) The net increase or decrease in the number or principal amount of securities,
and in the eligible institutional investor’s securityholding percentage in the
class of securities, since the last report filed by the eligible institutional
investor under Part 4 or the early warning requirements.
Since our last report filed on September 10, 2009, Ravensden, on behalf of
investment funds and client accounts managed by it, disposed of 1,205,000 common
shares of Spider Resources Inc. (“Spider”). During this period the issued and
outstanding share capital number increased. This represents a decrease of
Ravensden’s position in Spider by 2.61% on an undiluted basis, or by 3.58% on a
partially diluted basis assuming the conversion of the purchase warrants into
common shares, as at January 31, 2010.
(c) The designation and number or principal amount of securities and the
eligible institutional investor’s securityholding percentage in the class of
securities at the end of the month for which the report is made.
Ravensden, on behalf of investment funds and client accounts managed by it,
exercises control or direction over 22,178,334 common shares and 11,666,666
purchase warrants of Spider. This represents an approximate 4.78% interest, on an
undiluted basis, or assuming the conversion of the purchase warrants into common
shares, an approximate 7.11% interest on a partially diluted basis, as at January 31,
2010.
(d) The designation and number or principal amount of securities and the
percentage of outstanding securities of the class of securities referred to in
paragraph (c) over which:
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(i) the eligible institutional investor, either alone or together with any
joint actors, has ownership and control,
Not applicable.
(ii) the eligible institutional investor, either alone or together with any
joint actors, has ownership but control is held by other entities other
than the eligible institutional investor or any joint actor, and
Not applicable.
(iii) the eligible institutional investor, either alone or together with any
joint actors, has exclusive or shared control but does not have
ownership.
Ravensden, on behalf of investment funds and client accounts managed by it,
exercises control or direction over 22,178,334 common shares and
11,666,666 purchase warrants of Spider. This represents an approximate
4.78% interest, on an undiluted basis, or assuming the conversion of the
purchase warrants into common shares, an approximate 7.11% interest on a
partially diluted basis.
(e) The purpose of the eligible institutional investor and any joint actors in
acquiring or disposing of ownership of, or control over, the securities,
including any future intention to acquire ownership of, or control over,
additional securities of the reporting issuer.
The securities of Spider acquired by Ravensden, on behalf of investment funds and
client accounts managed by it, are held for investment purposes. These investments
will be reviewed on a continuing basis and such holdings may be increased or
decreased in the future.
(f) The general nature and the material terms of any agreement, other than
lending arrangements, with respect to securities of the reporting issuer
entered into by the eligible institutional investor, or any joint actor, and the
issuer of the securities or any other entity in connection with any transaction
or occurrence resulting in the change in ownership or control giving rise to
the report, including agreements with respect to the acquisition, holding,
disposition or voting of any of the securities.
Not applicable.
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(g) The names of any joint actors in connection with the disclosure required by
this Form.
Not applicable.
(h) If applicable, a description of any change in any material fact set out in a
previous report by the eligible institutional investor under the early warning
requirements or Part 4 (Alternative Monthly Reporting System) in respect of
the reporting issuer's securities.
Not applicable.
(i) Ravensden Asset Management Inc. is eligible to file reports under Part 4 in
respect of the reporting issuer.
DATED
this 10th day of February, 2010.
RAVENSDEN ASSET MANAGEMENT INC.
Per:
“Ned Goodman”______________________
Name: Ned Goodman Title: President and Chief Executive Officer
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