Van Krikorian's TOUKHMANUK Gold Project is BANKRUPT

While visiting the PDAC, the international mining convention in Toronto, I met representatives of the Armenian Government at the Lydian booth. It was confirmed to me that Global Gold's project in Armenia is BANKRUPT.

I have always said that the 2 million ounce GOLD resource that Van Krikorian was promoting at TOUKHMANUK was a complete fraud.

Global Gold Corp is now defunct and delinquent and no longer files any financial statements.

Don't be fooled by the $3.00 price quote, GBGD has rolled-back its shares 251x and now has approximately 386,000 shares outstanding. The company has transferred all its assets to its officers and directors and left $20 million in debts behind. Now its flagship asset is bankrupt, leaving behind unpaid salaries and unpaid bills in Armenia.

Local Villagers at MELIQ, OPPOSE Global Gold Corp's gold mining project in Armenia

The TOUKHAMNUK GOLD MINE License is coming up for renewal on February 28, 2015 and Global Gold Corp (OTCmarkets:GBGD) may lose the license. Frankly they should lose the license since they have failed to meet their contractual obligations under the terms of their mining contract. GBGD, has failed to mine 153,000 tones of ore through open pit operations and 1,095,250 tones od ore through underground mining operations. In fact, according to Government of Armenia RECORDS, GBGD only mined 86,400 tones of ore from open pit operations at the Toukhmanuk gold mine between 2006 - 2012. Nowhere near the 1,259,400 tones of ore required to be mined under the terms of the mining license issued in 2006. Even the local community opposes GBGD's subsidiary, Mego-Gold, to build a third tailings dam in the area to support future plans to operate the mine exclusively as an open pit operation. They failed to follow the terms of the first mining contract and now they want to be rewarded with

GAME OVER: Van Krikorian and Global Gold Corp.

It's time to say goodbye to Global Gold Corp (pink: GBGD) and its sketchy President, Van Krikorian . After years of defrauding employees and suppliers in the Republic of Armenia out of hundreds of thousands of dollars, swindling joint venture partners out of over US$12MM, and partially embezzling and money laundering these proceeds, its time to say goodbye to Global Gold Corp (pink: GBGD) and its President, CEO, Chairman, Director and Corporate Counsel, Van Krikorian . On December 4, 2017, GBGD through the fraudulent actions of its President, Mr. Van Krikorian along with the complicit support of its Board of Directors, transferred all of GBGD's assets and claims to its officers and directors, consolidated its shares 251:1, ceased becoming a reporting issuer, and went dark, leaving behind US$20,917,023 in liabilities, broken promises. dreams and a trail of fraud. I am sure that this tale is not over. With the assets of GBGD in the hands of Van Krikorian and

Global Gold Corp (GBGD): Extortion and Fraud In Armenia

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