• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Caldera Resources Confirms Status Quo Pending Ruling on Ownership of Marjan Mining

    Investing News Network
    Mar. 01, 2012 08:44AM PST
    Gold Investing

    On a conference call with Global Gold Corporation (GBGD) on February 28, 2012, Caldera Resources Inc. (TSXV:CDR), the Arbitrator, 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.

    On a conference call with Global Gold Corporation (GBGD) on February 28, 2012, Caldera Resources Inc. (TSXV:CDR), the Arbitrator, 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.

    Click here to read the Caldera Resources Inc. (TSXV:CDR) press release
    Click here to see the Caldera Resources Inc. (TSXV:CDR) profile.

    tsxv:cdrcaldera resources incconference callcaldera resources
    The Conversation (0)

    Go Deeper

    AI Powered
    Galloper Gold Retains Bantr Media Inc. and Obtains DTC Eligibility for U.S. Trading

    Galloper Gold Retains Bantr Media Inc. and Obtains DTC Eligibility for U.S. Trading

    Green River Gold Corp. Provides Bi-Weekly Status Report

    Green River Gold Corp. Provides Bi-Weekly Status Report

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×