Global Gold Corporation (GBGD) 0.0451 $GBGD
Global Gold Consolidated Resources Limited JV and Signature Gold Limited Conclude Merger Terms
GlobeNewswire - Tue Sep 10, 4:49PM CDT
Global Gold Corporation (OTCQB:GBGD) is pleased to announce that on September 5, 2013 its Global Gold Consolidated Resources Limited joint venture (GGCRL), concluded a Binding Heads of Agreement contract with Signature Gold Limited of Sydney Australia (Signature) to merge the Armenian and Australian gold projects, into the renamed Global Signature Gold entity planned to be listed on the Australian Stock Exchange. Signature is focused on Intrusive Related Gold System properties in Queensland, Australia and will be contributing its Mount Cassidy; Last Chance Day Dawn; Specimen Hill; Maxwellton; Fletcher's Awl; Outer Rim; and Mosquito Hill gold projects. GGCRL will be contributing its Toukhmanuk and Getik gold projects in Armenia. GGCRL shall receive $80 million USD in shares plus up to $8 million in cash or shares for debt repayment; Signature shall receive $15 million AUD for its contributions. Closing is planned for October 30, 2013, and the closing is dependent on due diligence, regulatory, relevant lender, and corporate approvals. More information on Signature Gold and its projects can be found at http://www.signaturegold.com.au/IRM/content/default.aspx and more information on GGCRL and Global Gold Corporation can be found at http://www.globalgoldcorp.com/
PENNYGOVERNANCE Daily Stock Watch Global Gold Corporation (OTCQB:GBGD), EQCO2, Inc. (OTCQB:CLNOD), and Pershing Gold Corporation (OTCQB
GLC)
WorldStockWire - Fri Aug 09, 12:00PM CDT
Pennygovernance.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
Global Gold Consolidated Resources Limited JV Concludes Financing and Operating Agreements for Mining at the Toukhmanuk Gold-Silver Mine and Exploration at the Toukhmanuk and Getik Properties in Armenia
GlobeNewswire - Wed Jul 10, 3:05PM CDT
Global Gold Corporation (OTCQB:GBGD) is pleased to announce that on July 5, 2013 its Global Gold Consolidated Resources Limited joint venture (GGCRL), concluded a fifteen year mine operating agreement with Linne Mining, LLC as the operator along with an $8,800,000 debt facilities agreement to fund future production at the central section of the Toukhmanuk gold-silver open pit mine in Armenia. The mine operator has begun mobilization to restart production this year. The existing offtake agreement with Industrial Minerals, SA was also extended until the end of 2027, and share options for up to 10% in GGCRL or the subsidiary project company in Armenia were also granted in related agreements. The debt facility includes interest at LIBOR plus 8%, and the Operator has incentive-based compensation model, to be paid approved costs plus 10% of the actual sales of gold. Global Gold Corporation (GGC) issued guarantees in connection with the package of agreements.
U.S. Federal Court Rules in Favor of Global Gold Against Caldera Resources, Confirming International Arbitral Award on Marjan Gold Mine in Armenia
GlobeNewswire - Mon Apr 22, 3:05PM CDT
Global Gold Corporation (OTCQB:GBGD) is pleased to announce that in a decision signed April 15, 2013 and released on April 17, 2013 United States Federal Judge Kenneth M. Karas of the Southern District of New York ruled for Global Gold on issues concerning the joint venture agreement for the Marjan mining property in southwestern Armenia by confirming the American Arbitration Association award issued March 29, 2012 by retired Justice Herman Cahn which stated that " he property should revert to [Global Gold] within thirty (30) days from the date [of the arbitration award--by April 29, 2012]. Obviously, [Global Gold] may cause the appropriate governmental bodies in Armenia to register the property in [Global Gold's] name." Global Gold had already done so in 2012 following the binding arbitral decision of Justice Cahn and the separate decision by Armenian courts culminating in a final decision effective February 8, 2012 by the Armenian Court of Cassation affirming prior Armenian trial court and court of appe
Global Gold Consolidated Resources Limited JV and Signature Gold Limited Conclude Merger Terms
GlobeNewswire - Tue Sep 10, 4:49PM CDT
Global Gold Corporation (OTCQB:GBGD) is pleased to announce that on September 5, 2013 its Global Gold Consolidated Resources Limited joint venture (GGCRL), concluded a Binding Heads of Agreement contract with Signature Gold Limited of Sydney Australia (Signature) to merge the Armenian and Australian gold projects, into the renamed Global Signature Gold entity planned to be listed on the Australian Stock Exchange. Signature is focused on Intrusive Related Gold System properties in Queensland, Australia and will be contributing its Mount Cassidy; Last Chance Day Dawn; Specimen Hill; Maxwellton; Fletcher's Awl; Outer Rim; and Mosquito Hill gold projects. GGCRL will be contributing its Toukhmanuk and Getik gold projects in Armenia. GGCRL shall receive $80 million USD in shares plus up to $8 million in cash or shares for debt repayment; Signature shall receive $15 million AUD for its contributions. Closing is planned for October 30, 2013, and the closing is dependent on due diligence, regulatory, relevant lender, and corporate approvals. More information on Signature Gold and its projects can be found at http://www.signaturegold.com.au/IRM/content/default.aspx and more information on GGCRL and Global Gold Corporation can be found at http://www.globalgoldcorp.com/
PENNYGOVERNANCE Daily Stock Watch Global Gold Corporation (OTCQB:GBGD), EQCO2, Inc. (OTCQB:CLNOD), and Pershing Gold Corporation (OTCQB
GLC) WorldStockWire - Fri Aug 09, 12:00PM CDT
Pennygovernance.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
Global Gold Consolidated Resources Limited JV Concludes Financing and Operating Agreements for Mining at the Toukhmanuk Gold-Silver Mine and Exploration at the Toukhmanuk and Getik Properties in Armenia
GlobeNewswire - Wed Jul 10, 3:05PM CDT
Global Gold Corporation (OTCQB:GBGD) is pleased to announce that on July 5, 2013 its Global Gold Consolidated Resources Limited joint venture (GGCRL), concluded a fifteen year mine operating agreement with Linne Mining, LLC as the operator along with an $8,800,000 debt facilities agreement to fund future production at the central section of the Toukhmanuk gold-silver open pit mine in Armenia. The mine operator has begun mobilization to restart production this year. The existing offtake agreement with Industrial Minerals, SA was also extended until the end of 2027, and share options for up to 10% in GGCRL or the subsidiary project company in Armenia were also granted in related agreements. The debt facility includes interest at LIBOR plus 8%, and the Operator has incentive-based compensation model, to be paid approved costs plus 10% of the actual sales of gold. Global Gold Corporation (GGC) issued guarantees in connection with the package of agreements.
U.S. Federal Court Rules in Favor of Global Gold Against Caldera Resources, Confirming International Arbitral Award on Marjan Gold Mine in Armenia
GlobeNewswire - Mon Apr 22, 3:05PM CDT
Global Gold Corporation (OTCQB:GBGD) is pleased to announce that in a decision signed April 15, 2013 and released on April 17, 2013 United States Federal Judge Kenneth M. Karas of the Southern District of New York ruled for Global Gold on issues concerning the joint venture agreement for the Marjan mining property in southwestern Armenia by confirming the American Arbitration Association award issued March 29, 2012 by retired Justice Herman Cahn which stated that " he property should revert to [Global Gold] within thirty (30) days from the date [of the arbitration award--by April 29, 2012]. Obviously, [Global Gold] may cause the appropriate governmental bodies in Armenia to register the property in [Global Gold's] name." Global Gold had already done so in 2012 following the binding arbitral decision of Justice Cahn and the separate decision by Armenian courts culminating in a final decision effective February 8, 2012 by the Armenian Court of Cassation affirming prior Armenian trial court and court of appe
