Saturday, September 14, 2013

Arbitration Hearing Postponed by Arbitrator to October 3, 2013

Montreal - September14, 2013 -  The September 12, 2013 hearing was postponed by the Arbitrator to October 3, 2013.  Caldera will provide an update on the outcome of the meeting as soon as it is held.

Caldera has filed a "brief" with respect to its claim for US$150,000 of advances that must be returned by GBGD and a further claim for a 0.50% NSR on the Marjan Project, as stipulated and awarded in the Partial Final Award of March 31, 2011.  GBGD opposes Caldera's NSR claiming it did not spend a minimum of $1 Million to qualify to receive the NSR, but GBGD agrees that it must return US$150,000 that it received from Caldera, as confirmed in its financial statements filed with the SEC.

The hearing should address these issues.

Contact:

Bill Mavridis
President
Caldera Resources Inc.

Tel: 514-813-9200
email: Bill.Mavridis@calderaresources.com
http://www.calderaresources.com

Tuesday, September 3, 2013

Arbitration Hearing Between Caldera and GBGD Has Resumed

Montreal - September 3, 2013 -  Earlier today, a conference call was held with the Arbitrator, Global Gold Corp. (GBGD) and Caldera Resources. At the hearing the Arbitrator announced that he has rescinded his decision of May 8, 2013 to suspend the arbitration due to non-payment, and the hearing will now continue. The current arbitration is set to determine the balance of the issues related to the Partial Final Award, including deal with the damage phase of the Arbitration.

Caldera has filed a "brief" with respect to its claim for US$150,000 of advances that must be returned by GBGD and a further claim for a 0.50% NSR on the Marjan Project, as stipulated and awarded in the Partial Final Award of March 31, 2011.  GBGD opposes Caldera's NSR claiming it did not spend a minimum of $1 Million to qualify to receive the NSR, but GBGD agrees that it must return US$150,000 that it received from Caldera, as confirmed in its financial statements filed with the SEC.

A conference call is scheduled for September 12, 2013 to hear Caldera's claim. Caldera will provide an update on the outcome of the meeting as soon as it is held. 

Contact:

Bill Mavridis
President
Caldera Resources Inc.

Tel: 514-813-9200
email: Bill.Mavridis@calderaresources.com
http://www.calderaresources.com