Archive for ‘Press Releases 2011’

Verdict on Caldera’s Arbitration Claim Against Global Gold Expected in January 2012

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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Testimony in Dispute Between Caldera and Global Gold Corporation to End Today

Montreal, Canada -  Tuesday, December 13, 2011 – Caldera Resources Inc. (the “Company”) provides the following update on the current arbitration claim it filed against Global Gold Corporation (“GBGD”) for terminating the JV between the parties on October 7, 2010.

The testimony in the Arbitration Hearing, filed under the rules of the American Arbitration Association in New York, NY, will close today with the completion of the cross examination of Global Gold’s CEO, Mr. Van Krikorian.

“The testimony in the first phase of the arbitration will be over later today. I hope the Arbitrator, Ret. Justice Herman Cahn, can expedite the procedure for closing arguments and reaches a verdict before the Christmas holidays. After the verdict the ownership dispute will be settled and the shares of Marjan …

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Caldera Makes Minor Amendments to its MD&A and Auditor’s Report for YE2010

Montreal, Canada – Friday, November 25, 2011 – Caldera Resources Inc. (“the Company” or “Caldera”) announced today that at the request of the l’Autorite des marches financiers (“AMF”), the Company amended and re-filed its Management Discussion and Analysis for the year ending December 31, 2010 and updated the Auditor’s Report to its financial statements, for the same period.

The MD&A

The update reflects changes relating to the business model and the use of bioleaching technology has been amended and presented in a more summary form given that the project for which it was to be used has been written-off on December 31, 2010.

Additional information was added relating to the discussion on the drilling program of Winter 2010, as it had been disclosed at the time.

There …

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Nov. 21, 2011 – Arbitrator Issues Standstill Order in Caldera vs. Global Gold Dispute

Montreal, Canada – Monday, November 21, 2011 – Caldera Resources Inc. (“the Company” or “Caldera”) and Global Gold Corporation (“GBGD”) received an order on Thursday November 17, 2011, by the Arbitrator presiding over the dispute filed by Caldera against GBGD. The order declares that “there shall be no sale, transfer, pledge, assignment, encumbrance and/or hypothecation” of the shares of Marjan Mining Company, LLC which holds the license to the Marjan Polymetallic Gold and Silver Project (the “Project”) in Armenia.  The same order applies to the membership interests in Marjan-Caldera Mining, LLC, the joint-venture vehicle were Caldera holds 55% interest in the Project.  In addition, this order also applies in the same manner to the license for the Marjan Project.

The order was issued after the Armenian …

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Oct. 19, 2011 – Caldera Announces Private Placement

October 19, 2011 – Caldera Announces Private Placement
Montreal, Canada – Wednesday, October 19, 2011 – Caldera Resources Inc. (“the Company” or “Caldera”) today announced a non-brokered private placement of up to $150,000 to be raised through the issuance of 2,500,000 units (“Units”) at a price of $0.06 per Unit. The proceeds from this financing will be used for general working capital. Insiders of the corporation will be participating in this private placement.
“Management believes that the Company’s shares a grossly undervalued due to the risk created by the current Arbitration against Global Gold Corporation “GBGD”, our estranged JV partner,” stated Bill Mavridis, President and CEO of Caldera. “Raising this small amount of equity from the market and insiders assures us …

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Oct. 18, 2011 – Caldera Receives Exploration License Adjoining the Marjan Project

Symbol: TSX-V: CDR
Shares: 56,533,333

Montreal, Canada – Tuesday, October 18, 2011 – Caldera Resources Inc. (“the Company” or “Caldera”) has received an Exploration License No. 106 from the Ministry of Energy and Natural Resources (“MENR”) for the property located west of the Marjan Project (referred to as “Marjan West”). The License was issued to Caldera’s Armenian subsidiary Biomine LLC on October 14, 2011 and is valid till October 14, 2016. The new license area covers an area of 19 square kilometers and is not subject to the JV Agreement.

“The application for a new license area is part of our corporate strategy to build a portfolio of prospective properties in Armenia,” stated Mr. Bill Mavridis, President and CEO of Caldera. “This particular License area …

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Oct. 4, 2011 – Caldera Confirms New Gold Target at Marjan Project in Armenia

Clastic Unit Assays 48m at 0.95 g/t Gold including 6m at 3.23 g/t Au

Symbol: tsx-v: CDR

Montreal, Canada and Yerevan, Armenia, October 4, 2011 – Caldera Resources Inc. (TSX-V: CDR) (“Caldera” or “the Company”), a gold and silver mineral exploration and development company, today announced new results from its drilling program on the Clastic Unit, at its Marjan Polymetallic Gold and Silver Project (“Marjan Project”) in Armenia.

Drill hole MN-02-10 intersected 48 meters of mineralization assaying 0.95 g/t Au from a depth of 57 meters to 105 meters (not true width). Hole MN-02-10 was drilled to a total depth of 161 meters at -60 degree dip. The drill hole was assayed at 1-meter intervals and includes assays as high as 7.86 g/t Au, with a complete list …

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Sept. 6, 2011 – Armenian Authorities Reject Criminal Complaint Against Caldera

- Decision Rebukes False and Misleading Claims by Global Gold Corporation

Symbol tsx-v: CDR

Montreal, Canada and Yerevan, Armenia Tuesday September 6, 2011 – The Police of the Republic of Armenia have rejected a criminal complaint filed against Caldera Resources Inc. (“Caldera” or the “Company”) on September 14, 2010 by senior executives of Global Gold Corporation (“GBGD”). The decision from the General Investigation Department rejects the false and misleading claims of GBGD and found no evidence of a crime by Caldera’s representatives. As a result, the criminal investigation against Caldera has been terminated.

“We are pleased that Armenia’s Police Department confirmed what we already knew, that no crime was committed by any representative of Caldera, “ said Bill Mavridis, President of Caldera and Marjan-Caldera Mining LLC. “The decision …

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Aug. 09, 2011 – Caldera Receives Confirmation of More False Claims filed by Global Gold in Armenia

Caldera Receives Confirmation of More False Claims filed by Global Gold in Armenia

Symbol tsx-v: CDR

Montreal, August 9, 2011 – Bill Mavridis, President and CEO of Caldera Resources Inc. (“Caldera”) issued the following statement regarding Global Gold Corporation’s (“GBGD”) efforts to evade its obligations to Caldera:

“I am in receipt of a letter issued by the U.S. Embassy to a Senior Official of the Republic of Armenia that contains misleading and false statements against Caldera and its officers.  It appears that Mr. Van Krikorian, Legal Counsel, CEO and Chairman of GBGD, has deliberately misled the U.S. Embassy in Armenia in order to compel the U.S. Government to intervene on GBGD’s behalf.

“The U.S. Embassy’s correspondence includes an attachment of a “non-paper” restating Mr. Krikorian’s misleading and false allegations …

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Aug. 5, 2011 – Caldera Provides Additional Disclosure on Marjan and GBGD Misleading and False Statements

Montreal, August 5, 2011 – Caldera Resources Inc. (“Caldera”) provides this additional disclosure to clarify the current situation with its claims relating to the Marjan Project.  Additional background is included below.

As previously announced, the claim in Arbitration to confirm the validity of the Joint Venture Agreement is scheduled for a hearing commencing on August 23, 2011.

On July 29, 2011 a decision by the Administrative Court of Armenia was rendered against the State Register of Legal Entities in Armenia declaring that the registration of 100% of the shares of Marjan Mining Company LLC of the Republic of Armenia (“MCM-RA”), the holder of the license of the Marjan Property, in favour of the joint-venture vehicle, Marjan-Caldera Mining, LLC (“MCM-JV”), was not done properly by the State Register …

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© 2011 Caldera Resources
CDR:TSXV