Caldera Private Placement Fully Subscribed Raising $1,050,000
Montreal, February 25, 2011 - Caldera Resources Inc. (tsx-v: CDR) (“Caldera” or the “Corporation”), announces that it has closed its previously announced non-brokered private placement financing consisting of 7,500,000 units (the “Units”) at a price of $0.14 per Unit to qualified investors. The gross proceeds raised from the financing total $1,050,000. This is the second and final tranche of the private placement financing,
representing 2,250,000 Units for total gross proceeds of $315,000.
The Units consists of one (1) common share and one (1) share purchase warrant, providing the holder with the right to purchase 1 additional share for $0.20 per Share. The Warrants expire in 24 exness mt4 months from the closing and are subject to an “Acceleration Right” in favour of the Corporation. Should the Shares of the Company close at $0.30 or higher for 5 consecutive days, the expiry of the Warrants will accelerate and expiry will be 20 days from issuance of a news release by the Corporation announcing the trigger of the acceleration right.
With the maximum placement now completed, the Corporation now has 56,643,369 shares outstanding. All Shares issued under this placement are subject to a 4 month hold.
The capital raised will be used towards the Corporation’s 10,000 meter drilling program on the Marjan Gold and Silver project, located in Armenia. Funds will also be used for general working capital for the Corporation’s operations in Montreal, Toronto and Yerevan, Armenia.
A finder’s fee of 10% cash and 7% broker warrants will be paid to certain arm’s length parties. The broker warrants expire 24 months from the closing. Caldera has received conditional acceptance for the financing from the TSX Venture Exchange. Caldera closed the first tranche of its financing on February 11, 2011. The completion download mt4 exness of the second tranche of this financing is subject to final approval of the TSX Venture Exchange.
About Caldera Resources Inc.
Caldera is engaged in advancing its gold and silver project in the Republic of Armenia. Caldera holds a 55% interest in the Marjan Gold and Silver project and under its joint venture agreement with Global Gold Corporation (“GBGD”), Caldera has the right to acquire 100% interest by making certain payments totaling $US2,850,000 by December 2012. You can learn more about the Corporation’s projects by watching recent interviews on our website www.calderaresources.com.
For additional background information and details relating to the Joint Venture, please see our press releases of October 12, 2010, October 22, 2010 and November 21, 2010 on our website or on SEDAR.
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 exness.net.pk/mt4 Corporation 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 further information:
Bill Mavridis
President and CEO
Caldera Resources Inc.
e-mail: bmavridis@calderaresources.com
Tel: 514-380-5310 x 1
Direct Line: 514-813-920
representing 2,250,000 Units for total gross proceeds of $315,000.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 currentmineral resources and the historical estimate should not be relied upon or understood to indicate the existence of reserves or resources.Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.Bill MavridisPresident and CEOCaldera Resources Inc.e-mail: bmavridis@calderaresources.comTel: 514-380-5310 x 1Direct Line: 514-813-920