Armenian Government Expert States Global Gold Corp Operating Illegally at Toukhmanuk Gold Mine.

Ecolur Reports: http://www.ecolur.org/en/news/mining/national-assembly-expert-mego-gold-llc-implementing-illegal-activities/6598/

National Assembly Expert: Mego Gold LLC Implementing Illegal Activities

16:47 September 17, 2014

EcoLur: SEE VIDEO BELOW Hermine Poghosyan, Expert at the National Assembly Standing Committee on Agriculture and Environment, stated that “Mego Gold” LC is implementing illegal activities. She made this statement at the public hearings on Tukhmanuk gold mine project held in Meliq Vellage, Aragatsotn Region, on 10 September. Hermine Poghosyan: The National Assembly Standing Committee on Agriculture and Environment is very interested in this issue. We have applied to competent bodies many times expecting expert opinions on the information and any other additional information. You don’t have an expert opinion for open pit mining. The opinion you have is issued for closed mining. We have an official letter that you don’t have the opinion of the expertise for open pit mining, i.e. your activities are illegal. “Mego Gold” LLC Director Ashot Poghosyan: As you attended the project discussion, which already has legal force, I should say that it was submitted to the competent body on 11 September 2012. Let’s consider that you were inattentive and you didn’t see it. Hermine Poghosyan: We applied to the Ministry in 2013. Ashot Poghosyan: You didn’t enquire us at ll. Hermine Poghosyan: Do you think that the ministry provided us with incorrect information? Ashot Poghosyan: I don’t think so and it’s not true for 100% that the standing committee of the National Assembly is involved in the secret investigation, I don’t believe you. Karine Movsisyan, Chief Expert at “Environmental Expertise” SNCO of Nature Protection Ministry: In 2006 an opinion was issued, which entitled “Mego Gold” LLC to carry out geoprospecting for two years to make a conclusion about reserves etc. Afterwards they should have submitted closed mining project. That is, our opinion issued in 2006 for open pit mining was valid for two years, then they should proceed to closed mining. Then our administration stated that the company didn’t submit us any project till 2013. This is the situation.

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 Va...

Armenian NGO Demands Criminal Investigation against Global Gold

On December 12, 2014, Ecological Right, an Armenia based environmental NGO, sent a letter to the Minister of Nature Protection of the Republic of Armenia, demanding that a criminal investigation be opened on Mego-Gold, a subsidiary of Global Gold Corp and owner and operator of the Toukhmanuk Gold project. See Copy of the translated Letter as published on the ARHUS Website of Armenia by clicking here See Original Armenian Version by clicking here Ecological-Right lists the following as grounds of criminal investigation and charges against Mego-Gold/Global-Gold. embezzlement of state property through fraud; tax evasion through false entrepreneurship, hiding overpayments and other gained material benefits, which has caused major damage to the citizens of the Republic of Armenia; Performing illegal commercial activities without a special permit (license) to carry out entrepreneurial activities subject to licensing; violation of rules in implementing environm...

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

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