Monday, January 9, 2012
Caldera Announces Results of The Annual General and Special Meeting of Shareholders And Provides Additional Update on Arbitration
Symbol: TSX-V: CDR
Montreal, Canada - Monday, January 9, 2012 - Caldera Resources Inc. (the "Company") held its Annual General and Special Meeting of Shareholders (the "Meeting") on December 27, 2011.
At the Meeting, the Corporation's Shareholders approved the nomination of the Company's Auditor, Bratt Fremeth Star, and the re-election of its Directors, Mark Billings, Vasilios (Bill) Mavridis, Ross Orr, Steve Roebuck and Lorne Woods. The resolution to modify the stock option plan was not passed.
As of Friday, January 6, 2012 all post arbitration briefs and replies have been filed with the Arbitrator of the case, the Honorable Justice Herman Cahn, Retired Justice of the Supreme Court of the State of New York. The Arbitrator will now finish reviewing the briefs and announce a verdict as soon as possible.
This is a binding arbitration hearing under the terms of the JVA signed between the parties on March 24, 2010. There is no appeal.
The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Former Soviet country estimates are presented for historical reporting and to provide a basis for assessing Caldera's choices for its business activities. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and the historical estimate should not be relied upon or understood to indicate the existence of reserves or resources.
Additional information related to the Company is filed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com .
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
The security symbol, CAEFF, is part of the OTC Grey Market, where Caldera does not provide any reports and has no obligation to do so. There are no market makers under this symbol of this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult. Caldera is not a filer on EDGAR. (see http://www.otcmarkets.com/otc-101/otc-market-tiers)
For additional information:
Mr. Bill Mavridis
President and CEO, Caldera Resources Inc.
Direct line: 514-813-9200
President, Marjan-Caldera Mining LLC (Delaware)
2711 Centerville Road, Suite 400
Wilmington, Delaware, USA
Mr. David Goldman
Envoy Strategic Partners