Caldera Resources Inc. Announces Binding Arbitration Hearing Set to Start On August 23, 2011
Jun. 14, 2011 (TheNewswire.ca) --
Symbol: tsx-v: CDR
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Tuesday, June 14, 2011 - Caldera Resources Inc. (TSXV:CDR) (OOTC:CAEFF) ("Caldera"), announced today that the binding arbitration hearing to settle a dispute with Global Gold Corporation (OOTC:GBGD) (OOTC:GGOC) , under the American Arbitration Association rules has been set for August 23, and 24, 2011. Additional dates have also been reserved in early September if necessary.
The binding arbitration hearing will be presided by the court appointed arbitrator, Ret. Justice Herman Cahn of the Supreme Court, State of New York (Commercial Division). The hearing will be held at his offices in New York City.
Mr. Bill Mavridis, President and CEO of Caldera Resources stated: "I believe this whole situation is nothing more than seller's remorse on the part of Global Gold. Now, with the binding arbitration process scheduled to start on August 23rd, I am very confident that Caldera will prevail and investors should be positive about the future of the Company."