Caldera to Remain as Owner and Operator of the Marjan Project

- February 27th, 2012

Caldera Resources Inc.(TSXV:CDR) announced the issuing of a cassation court ruling in regards to its Marjan project. The Company will remain as 55% owner and operator of the Marjan project.

Caldera Resources Inc.(TSXV:CDR) announced the issuing of a cassation court ruling in regards to its Marjan project. The Company will remain as 55% owner and operator of the Marjan project.

As quoted in the press release:

Caldera initiated an arbitration proceeding against Global Gold Corporation (“GBGD”) and GBGD has fully participated in this binding arbitration and has agreed that an independent Arbitrator will settle the dispute relating to the ownership under New York law, pursuant to the rules of the AAA/ICDR. The “status quo” shall remain unchanged, as per the judicial orders issued to date.

Caldera, President and CEO, Bill Mavridis, said:

The Arbitration process has been long and thorough and Global Gold and its subsidiaries are subject to a final ruling of the Arbitrator and the orders which have been issued to date including those ordering that there be no change in the ownership interests of the Marjan Project.

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

Leave a Reply