Montreal, November 26, 2012 - Caldera Resources Inc. (the "Company") announced today, that due to its ongoing financial difficulties, it has not been able to retain the services of its transfer agent and as such has requested a halt of its securities on the TSX Venture Exchange. Given that this situation has not been resolved, the exchange has advised the Company that it will be proceeding with the suspension of its listing.
The Board of Directors of the Company also announced today that it has engaged Mr. Vasilios (Bill) Mavridis as President of the Company. Mr. Bill Mavridis served as President of the Company from December 2008 to March 2012.
As part of his mandate, Mr. Bill Mavridis will be working to settle all outstanding issues in order to proceed with the lifting of the suspension to permit the trading of the shares of the Company.
As part of the Company's restructuring efforts, the members of the Board of Directors have also nominated Mr. Bill Mavridis to the board, along with Mr. Jacques Arsenault, the Company's CFO and Mr. Petros Vartanian, a Montreal Businessman.
Given this new direction in the Company, the current Directors, will be tendering their resignation from the board.
The Company will be making additional announcements shortly on its restructuring plans and the status of the ongoing arbitration, against Global Gold Corporation and ("GBGD"), and confirms that it will be filing its quarterly financial statements and management discussion and analysis report for the period ended September 30, 2012.
Caldera will also be updating its website, meanwhile it has created a temporary site at http://calderaresources.blogspot.com/
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.
Additional information related to the Company 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 additional information:
Bill Mavridis, President
Caldera Resources Inc.
email: [email protected]