- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Caldera Resources Confirms Status Quo Pending Ruling on Ownership of Marjan Mining
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.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.