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Showing posts from January, 2015

AARHUS: Global Gold Referred For Criminal Investigation On December 22, 2014 The Armenian based environmental NGO, EcoRight, filed a request with the Ministry of Nature Protection of the Republic of Armenia to commence a criminal investigation against Mego-Gold (Global Gold subsidiary that operates the Toukhmanuk Gold Mine) for violating the laws of Armenia, and more specifically:  * 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 environmental safety activities;  *  features of crimes in violation of rules of mineral resources conservation and use.  On January 16, 2015, The AArhus website ( ) published a confirmation letter

OPEN LETTER TO SEC ENFORCEMENT: File # 002-69494 Global Gold Corp (GBGD)

January 21, 2015 United States Securities and Exchange Commission RE: GLOBAL GOLD CORP (GBGD) File No:  002-69494 Mr. John Reynolds, Assistant Director US Securities and Exchange Commission Ms. Tia L. Jenkins   Senior Assistant Chief Accountant   US Securities and Exchange Commission  J  Mr. John Coleman, Mining Engineer   Division of Corporate Finance  US Securities and Exchange Commission Dear Mr. John Reynolds, Ms. Tia Jenkins and Mr. John Coleman, Global Gold has failed to fully disclose its affairs in Armenia since 2008. It is relatively easy for them to hide the truth because material contracts and public documents are only posted in Armenia and only in the Armenian language. Furthermore a number of material contracts have not been posted in SEC filings or the website of Global Gold Corp, namely  Mining Contract No 287  regarding the contractual obligations related to GBGD's flagship