Montreal, Canada – Tuesday, December 20, 2011 – Caldera Resources Inc. (the “Company”) provides the following update on the current arbitration claim that it filed against Global Gold Corporation (“GBGD”) for terminating the JV between the parties on October 7, 2010.
The Arbitrator in the case, Ret. Justice Herman Cahn, has ordered that all parties present final briefs no later than December 30, 2011 and that oral arguments are to be presented before him, after the completion of cross-examination of one witness by GBGD, on January 3, 2012. It is expected to have a ruling on the ownership rights of the Marjan Project, shortly thereafter.
This is a binding arbitration hearing under the terms of the JVA signed between the parties on March 24, 2010. …
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