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PART I: Global Gold and Van Krikorian Authorize the Filing of a Criminal Complaint in a Civil Dispute.

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It is September 2010.

The Legal Counsel for Global Gold in Armenia, criminal lawyer Hrayr Ghoukassian, is given a mandate by Van Krikorian, the Corproate Counsel for Global Gold to file a criminal complaint against me (Bill (Vasilios) Mavridis) and  Mr. Azat Vartanyan, the General Manager of Caldera in Armenia.

Van Krikorian. the Chairman and CEO of Global Gold Corporation, signed a Letter Agreement with Bil Mavridis, President of Caldera Resources, in December 18, 2009, to form a Joint Venture to develop the Marjan Gold and Silver project in Armenia.

Caldera was to pay $150,000 by closing and $2,850,000 before December 2012. Caldera would be the Operator and responsible for investing $3,000,000 on the project.

Global Gold transfered the license of the Marjan Project to a new Armenian subsidiary, Marjan Mining Company LLC.  Upon closing the shares of Marjan Mining Company LLC would be held by the Joint Venture vehicle, Marjan-Caldera Mining LLC, a Delaware company.

On March 24, 2010 a Joint Venture agreement was finalized between the parties and on June 18, 2010 the transaction was approved byt he TSX Venture exchange. Resolutions were signed that transfered 100% of the shares of Marjan Mining Company in Armenia to the Jont Venture, which was now held 55% by Caldera and 45% by Global Gold.

The resolutions also appointed Bill Mavridis as President of the JV and the Representative of the sole shareholder of Marjan Mining Company, the holder of the license of the Marjan Project. Caldera was also named the operator.

To effect control of the project in Armenia , as Operator Caldera had to prove it controlled the shares of Marjan Mining in Armenia and therefore moved to register the transfer of the shares, as was approved by the resolutions signed between the parties.

From June 18 to August 11, 2010 Caldera kept pushing to register the transfer of Marjan Mining to the Joint Venture in Armenia, to establish local control of the Joint Venture. As per the directions of Mr. Van Krikorian, the JV was deposited with the State Registry of Legal entities in Yerevan, Armenia. On August 11, 2010 the State Registry approved the registration of the shares to the Joint Venture. This was done with the help of Global Gold employee in Armenia.

When that happend Van Krikorian objected claiming he never agreed to do that!

It appears that Mr. Krikorian of Global Gold never had any intent to sell the Marjan project to Caldera, and when he lost control of it in Armenia, he bagan a scheme to take it back.

Bill Mavridis and Azat Vartanian stole 100% of the shares of Marjan Mining Company from Global Gold, a theft equal to $2,850,000 dollars.

On September 3rd 2010, Mr. Van Krikorian send an email to Bill Mavridis, the President of Calders Resources Inc, claiming Caldera breached the Joint Venture Agreement. But he alledgedly wanted to find a solution between the parties.

What was the solution?

To pretend to find a solution while at the same time initiating a criminal complaint in Armenia claiming I stole the shares of Marjan Mining Company and also organized to sue the Department of Justice of Armenia State Registry office for accepting to register the transfer fo the shares, which was approved by resolution in by Global Gold and Caldera.

PART II:  The Bogus Criminal Complaint Filed by Van Krikorian Against Me in Armenia 

more later...


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That's what Mr. Van Z. Krikorian said to me and my brother (John Mavridis) in October 2010 while we were trying to resolve the dispute between Global Gold and Caldera.  Little did I know that he was serious and that his scheme was already put in place weeks before!

Mr. Van Z. Krikorian, the Corporate Counsel of Global Gold Corporation, authorized his lawyer in Armenia Mr. Hrayr Ghukassyan, to file a criminal complaint against me for theft and fraud on September 15, 2010, for allegedly stealing the shares of Marjan Mining Company.

Below is the signed complaint filed by Global Gold Mining, the subsidiary of Global Gold Corporation (GBGD) that was filed with the Prosecutor of Yerevan City, Mr. Badalyan.

Translated from Armenian

To: Mr. Badalyan,
Prosecutor of Yerevan city

From: Hrayr Ghukasyan
Global Gold Mining LLC
Representative of the Armenian Branch

Address: 2a/2 Tumanyan, Yerevan, Republic of Armenia Tel: 010 52-94-18, 093 988-797
Consider and report to: