2 Jan 2014director interest notice● Neutral
GLOBAL GOLD CORP director Aynilian Nicholas J gifted 2,676,871 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Jan 2014director interest notice● Neutral
GLOBAL GOLD CORP director Aynilian Nicholas J gifted 2,676,871 shares.
22 Nov 2013material agreement● NeutralMajor
On November 22, 2013 the joint venture (GGCRL), Global Gold and Consolidated Resources Armenia signed the formal merger and share sale agreement with Signature Gold, turning the September heads of agreement into a full contract. The joint venture is to receive 487,439,023 Signature shares (valued at $80M USD) plus up to $8M in cash or shares for debt repayment, subject to audit confirmation, and Global Gold will give not less than 75% of the net shares it receives to its own shareholders on a record date to be set by its board, restricted for at least 60 days from closing. The joint venture and related agreements, including corporate guaranties, end at closing, and a trust will hold a 20% non-participating economic interest for current Signature shareholders pending feasibility studies. Closing is not yet done and still needs shareholder, board, regulatory and third-party approvals; Krikorian is to be Executive Director and CEO of the merged company.
14 Nov 2013late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
6 Nov 2013material agreement● Neutral
The planned October 30, 2013 closing of the merger of the Armenian joint venture with Signature Gold Limited has been pushed back: Global Gold agreed to sign a definitive contract by November 12, 2013 and close after that. The terms are unchanged from the September heads of agreement ($80M USD in shares plus up to $8M for debt repayment, and $15M AUD for Signature), and closing still depends on due diligence and regulatory, lender and corporate approvals.
10 Sept 2013material agreement● NeutralMajor
On September 5, 2013 the Global Gold Consolidated Resources joint venture signed a binding heads of agreement with Signature Gold Limited of Sydney to merge the Toukhmanuk and Getik projects with Signature's Queensland gold projects into a renamed Global Signature Gold, planned for listing on the Australian Stock Exchange. The joint venture would receive $80M USD in shares plus up to $8M in cash or shares for debt repayment, and Signature would receive $15M AUD; closing is planned for October 30, 2013, subject to due diligence and regulatory, lender and corporate approvals. This is a proposed deal, not yet completed, and would change the planned listing route for the joint venture.
14 Aug 2013late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
10 July 2013material agreement▲ GoodMajor
On July 5, 2013 the Global Gold Consolidated Resources joint venture signed a fifteen-year mine operating agreement with Linne Mining and an $8.8M debt facility (LIBOR plus 8%) to restart production at central Toukhmanuk, with Global Gold signing as guarantor. The Industrial Minerals offtake was extended to the end of 2027, options for up to 10% of the JV or its Armenian project company were granted to Jacero Holdings, and Creo Design and Viking Investment were engaged for exploration and feasibility work. This follows the joint venture formation, and the guarantee is a new obligation for Global Gold. Management expects production to ramp up to 500,000 tonnes in 2014 and 700,000 tonnes in 2015 (a company expectation, not a result).
26 June 2013agm notice● Neutral
GLOBAL GOLD CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
20 May 2013quarterly activities report▼ Bad
GLOBAL GOLD CORP reported quarterly revenue of $0 and a net loss of $259 thousand for the period ended 2013-03-31.
15 May 2013late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
2 May 2013director interest notice● Neutral
GLOBAL GOLD CORP director Caesar Lester S received 50,000 shares as part of the equity award.
2 May 2013director interest notice● Neutral
GLOBAL GOLD CORP Treasurer and Secretary Gallagher Drury J received 50,000 shares as part of the equity award.
2 May 2013director interest notice● Neutral
GLOBAL GOLD CORP director Hague Ian received 50,000 shares as part of the equity award.
1 May 2013director interest notice● Neutral
GLOBAL GOLD CORP CEO Krikorian Van received 50,000 shares as part of the equity award.
1 May 2013director interest notice● Neutral
GLOBAL GOLD CORP director Aynilian Nicholas J received 50,000 shares as part of the equity award.
1 May 2013director interest notice● Neutral
GLOBAL GOLD CORP director Gilmore Harry received 50,000 shares as part of the equity award.
30 Apr 2013agm notice● Neutral
GLOBAL GOLD CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
1 Apr 2013late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its annual report would be filed late.
13 Mar 2013director interest notice● Neutral
GLOBAL GOLD CORP 10%+ owner Sawikin Harvey sold 2,949,626 shares.
13 Mar 2013substantial holder notice● Neutral
Firebird Avrora Fund, Ltd, Firebird Global Master Fund, Ltd, Firebird Republics Fund, Ltd, Firebird Fund, L.P, Firebird Avrora Advisors LLC, FGS Advisors, LLC, Firebird Management LLC, Firebird Advisors LDC, James Passin, Harvey Sawikin, Ian Hague, Luba Kostyukova, Steve Gorelik reported a GLOBAL GOLD CORP shareholding of 44,919,915 shares (51.70% of votes) in a periodic institutional filing.
11 Feb 2013auditor change● Neutral
Sherb & Co. combined with RBSM LLP effective January 1, 2013, so Sherb effectively resigned as auditor and the board approved RBSM LLP on February 7, 2013. Sherb's reports for 2010 and 2011 had no adverse opinion but included a going-concern uncertainty paragraph, and the filing reports no disagreements. This is a routine change caused by the firm merger.
27 Sept 2012material agreement● NeutralMajor
On September 26, 2012 Global Gold Mining signed share transfer agreements moving all of Mego-Gold (Toukhmanuk) and Getik Mining into GGCR Mining, the joint venture subsidiary, after issues blocking the deal were resolved on September 19, 2012. This completes the transfer under the Consolidated Resources deal. Global Gold's stake in the joint venture is the greater of 51% or the pro forma value of $40.0M 30 days after the stock is publicly traded, and the joint venture is meant to be listed on an exchange.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP director Caesar Lester S received 50,000 shares as part of the equity award.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP CEO Krikorian Van received 1,600,000 shares as part of the equity award.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP director Hague Ian received 50,000 shares as part of the equity award.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP director Gilmore Harry received 50,000 shares as part of the equity award.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP director Aynilian Nicholas J received 50,000 shares as part of the equity award.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP CFO Dulman Jan received 550,000 shares as part of the equity award.
16 Aug 2012director interest notice● Neutral
GLOBAL GOLD CORP Treasurer and Secretary Gallagher Drury J received 50,000 shares as part of the equity award.