Symbol: TSX-V: CDR
Shares: 59,333,333
Montreal, Canada - Thursday, March 29, 2012 - Caldera Resources Inc. (the "company" or "Caldera") at 5:00 pm on Thursday afternoon, received a negative decision from the Arbitrator on the claim filed against Global Gold Corporation ("GBGD") relating to the joint venture agreement between the parties.
The decision is currently being reviewed by legal counsel in the US and Canada and more news will be forthcoming. Meanwhile, Caldera will be requesting the halt of trading of the shares of the company pending further announcement on Friday.
Cautionary Statement
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.
For additional information:
Mr. Bill Mavridis
President and CEO, Caldera Resources Inc.
Direct line: 514-813-9200
Email: bmavridis@calderaresources.com
www.calderaresources.com
Thursday, March 29, 2012
Wednesday, March 7, 2012
State Register in Armenia Maintains Caldera Registration of Marjan
Symbol: TSX-V: CDR
OTC: CAEFF
Shares: 59,333,333
Montreal, Canada - Wednesday, March 7, 2012 - Caldera Resources Inc. (the "company" or "Caldera") requested a halt trading of its shares on Thursday March 2, 2012 pending confirmation of news that Caldera and the joint venture still remain the registered owners of the shares of Marjan Mining.
Caldera is in receipt of a letter from its legal counsel in Armenia, Me Vardan Safaryan, stating that the clerk of the State Registry has informed him, that no changes have taken place as of March 7, 2012.
Caldera felt that it was necessary to request the halt of its shares pending clarification of the statements of Mr. Van Krikorian, the CEO, Chairman and Director of Global Gold Corporation ("GBGD") that the registration of Marjan project has reverted to GBGD automatically on March 2, 2012. This is evidently not true and Caldera can take no responsibility for the statements Mr. Krikorian has made to the Arbitrator and to the U.S. Securities and Exchange Commission.
The joint venture remains the registered owner of the shares of Marjan and Mr. Azat Vartanian, remains the General Manager. A ruling by the Arbitrator on the ownership rights of the Marjan project is expected shortly.
Timing of Arbitrator's Ruling
Caldera has requested assistance from the AAA/ICDR to clarify the timing issue of the pending award. The Case Manager informed Caldera that rulings of disputes should not take more than 30 days from closing of the hearing, as per rule R-41. The rule states "The award shall be made promptly by the arbitrator and, unless otherwise agreed by the parties or specified by law, no later than 30 days from the date of closing the hearing, or, if oral hearings have been waived, from the date of the AAA's transmittal of the final statements and proofs to the arbitrator."
We are awaiting clarification from the Case Manger on the timing issues.
The Project
The Marjan Polymetallic Gold and Silver project contains a Soviet-Era historical resources totaling 405,147 oz of Gold and 14.2M oz of Silver, classified as C1 and C2, which is equivalent to measured and indicated resource and an additional Soviet-Era historical resource 647,152 oz of Gold and 37.1M oz of Silver, classified as P1, which is equivalent to inferred resources.
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.
Cautionary Statement
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
Email: bmavridis@calderaresources.com
www.calderaresources.com
Thursday, March 1, 2012
Arbitrator Confirms Status Quo Pending Ruling on Ownership
Symbol: TSX-V: CDR
OTC: CAEFF
Shares: 59,333,333
Montreal, Thursday, March 1, 2012 - Caldera Resources Inc. ("Caldera" or the "Company") confirms that during a conference call with the Arbitrator, held in the afternoon of Tuesday, February 28, 2012, the Parties and more specifically Global Gold Corporation ("GBGD"), was advised that irrespective of the ruling of the Cassation Court, the status quo remains pending a ruling by the Arbitrator. The Arbitrator instructed GBGD that the only thing they were allowed to do was to register the Cassation Court ruling with the lower Court. GBGD was directed not to take any action to affect the transfer of the shares of Marjan Mining Company in Armenia. Consequently, Caldera continues to remain in charge of the Marjan Project.
GBGD announced that it won the Cassation Court appeal and published a press release on February 23, 2012 announcing that it would "be circulating the corrected ownership certificate and charter, complying with the mining license, and taking other steps to reassert control over the company in accordance with the reversion". Caldera's Legal Counsel and the Arbitrator agree that these actions would contravene the Arbitrator's Order issued on January 19, 2012 which was confirmed by the US District Court of the Southern District of New York, on February 2, 2012.
The January 19, 2012 Arbitrator's Order clearly states that:
1. None of the parties, their officers, directors, employees, attorneys or anyone else associated with them in any way, shall sell, transfer, pledge, assign, encumber and/or hypothecate the shares and/or membership interests in: (i) Marjan Mining; and/or (ii) Marjan-Caldera.
2. There shall be no sale, transfer, pledge, assignment, encumbrance and/or hypothecation of the License.
Bill Mavridis, President and CEO of Caldera stated: "The good news is that Caldera continues to hold and preserve the License to the Marjan Property until the Arbitrator can issue his verdict. We remain confident that Caldera will prevail in this matter. The Order of January 19, 2012 which was confirmed by a US Federal Court Judge is an important element of protection for Caldera."
Cautionary Statement
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
Email: bmavridis@calderaresources.com
www.calderaresources.com
OTC: CAEFF
Shares: 59,333,333
Montreal, Thursday, March 1, 2012 - Caldera Resources Inc. ("Caldera" or the "Company") confirms that during a conference call with the Arbitrator, held in the afternoon of Tuesday, February 28, 2012, the Parties and more specifically Global Gold Corporation ("GBGD"), was advised that irrespective of the ruling of the Cassation Court, the status quo remains pending a ruling by the Arbitrator. The Arbitrator instructed GBGD that the only thing they were allowed to do was to register the Cassation Court ruling with the lower Court. GBGD was directed not to take any action to affect the transfer of the shares of Marjan Mining Company in Armenia. Consequently, Caldera continues to remain in charge of the Marjan Project.
GBGD announced that it won the Cassation Court appeal and published a press release on February 23, 2012 announcing that it would "be circulating the corrected ownership certificate and charter, complying with the mining license, and taking other steps to reassert control over the company in accordance with the reversion". Caldera's Legal Counsel and the Arbitrator agree that these actions would contravene the Arbitrator's Order issued on January 19, 2012 which was confirmed by the US District Court of the Southern District of New York, on February 2, 2012.
The January 19, 2012 Arbitrator's Order clearly states that:
1. None of the parties, their officers, directors, employees, attorneys or anyone else associated with them in any way, shall sell, transfer, pledge, assign, encumber and/or hypothecate the shares and/or membership interests in: (i) Marjan Mining; and/or (ii) Marjan-Caldera.
2. There shall be no sale, transfer, pledge, assignment, encumbrance and/or hypothecation of the License.
Bill Mavridis, President and CEO of Caldera stated: "The good news is that Caldera continues to hold and preserve the License to the Marjan Property until the Arbitrator can issue his verdict. We remain confident that Caldera will prevail in this matter. The Order of January 19, 2012 which was confirmed by a US Federal Court Judge is an important element of protection for Caldera."
Cautionary Statement
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
Email: bmavridis@calderaresources.com
www.calderaresources.com
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