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Showing posts from March, 2016

Clear and Apparent Fraud at GBGD and Toukhmanuk Gold Mine

On July 5, 2013,  GBGD  and Mr.  Van Krikorian  (President and CEO) signed a deal with Linne Mining to act as the CONTRACT MINER for the development of its  Toukhmanuk  Gold Mine, in Armenia. By November 2015, Van Krikorian announced in its SEC quarterly filings ( 10-Q ), that the Toukhmanuk project was delayed because the contract miner "requested" to be relieved of its obligations under the mining  contract   agreement. To this date,  Van Krikorian  has failed to post a copy of Linne Mining's letter or provide any clarification to investors, why Linne Mining requested to be "relieved" of it obligations.  Three months later, the reason for Linne Mining's actions have started to become crystal clear. Linne has been swindled by Van Krikorian and GBGD. There is no gold worth mining at the Toukhmanuk Gold Mine. Here is the proof. Two documents, which were prepared for Linne Mining, surfaced on the web last week. These two documents outline that the d