Caldera announces share consolidation and AGM for December 4, 2009
Symbol: tsx-v CDR
At the meeting, the Shareholders will be asked to approve a resolution to consolidate the Corporation's common shares on a 1-for-10 basis (the "Resolution"). If the Resolution is approved the Corporation's outstanding shares would be reduced from 141,925,767 to 14,192,576.
Proposed Financing
The Corporation also announced that it will be raising up to
Pending approval of the Resolution by the Shareholders, the Shares will be priced at a 25% discount to current market, on a post-consolidated basis. The conversion price for the Receipts will be set at $0.1125 per Share. Each Share issued will include 1 full Warrant. The exercise price of the Warrants would be set at
If the total financing is closed, then 4,444,000 Shares would be issued at $0.1125 per share and 4,444,000 Warrants would be issued that can be exercised by the holder at
If the Resolution is not approved then the Receipts will be converted at
The proceeds from the financing will be used for working capital, for general and administrative expenses and for potential acquisition.
Reviewing Prospective Gold Project in
The Corporation is currently reviewing investment opportunities in the Republic of
In other news,
About Caldera Resources Inc.
Caldera Resources Inc. is focusing on projects amenable to utilizing bioleaching or chloride leaching technology for the economic recovery of base metals and precious metals from mine waste and tailings with a focus on Southeastern
THIS NEWS RELEASE MAY INCLUDE CERTAIN "FORWARD-LOOKING STATEMENTS". ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED IN THIS RELEASE INCLUDING FUTURE PLANS AND OBJECTIVES OF CALDERA, ARE FORWARD- LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
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For further information: Bill Mavridis, President, Caldera Resources Inc., Direct Line: (514) 813-9200, [email protected]; www.calderaresources.com
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