14 Aug 2012late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 June 2012agm 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).
21 May 2012quarterly activities report▼ Bad
GLOBAL GOLD CORP reported a quarterly net loss of $2.1 million for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
27 Apr 2012agm notice● Neutral
GLOBAL GOLD CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
13 Apr 2012financial restatement▼ BadMajor
Global Gold said its June 30 and September 30, 2011 quarterly reports should no longer be relied on, because money received from Consolidated Resources had been counted as income and will be reclassified as a liability until the joint venture closes or ends. Separately, the Amarant payments for the Chile sale were pushed around: the $1M due December 15, 2011 is now due by April 20, 2012 (guaranteed by Contender Kapital of Stockholm if Amarant fails), and the three later $1M payments are now due as a $3M lump sum before May 31, 2012. The faster schedule is in the company's favour, but the original December 2011 payment was missed and the amended terms are not yet shown as paid.
29 Mar 2012late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its annual report would be filed late.
23 Feb 2012material agreement● NeutralMajor
After board approval on January 5, 2012 and consent from holders of over 65% of the stock on February 6, Global Gold signed the agreements around February 18-19, 2012 to move Mego-Gold (Toukhmanuk) and Getik Mining into GGCR Mining, owned by a new Jersey joint venture company, Global Gold Consolidated Resources Limited (GGCR). Global Gold keeps 51% of GGCR, which becomes its subsidiary, under the April 27, 2011 deal with Consolidated Resources. This is the formation of the joint venture company that was still outstanding. Global Gold has given a guaranty to Consolidated Resources Armenia, and GGCR Mining also gave a guaranty and (with GGCR) a security agreement; the filing does not describe the guaranty terms.
3 Jan 2012director interest notice● Neutral
GLOBAL GOLD CORP Treasurer and Secretary Gallagher Drury J received 40,000 shares as part of the equity award.
30 Dec 2011capital raising announcement● Neutral
On December 27, 2011, 350,000 of the December 2008 warrants were exercised at $0.10, raising $35,000, leaving 1,650,000 that the company expects to be exercised. It also cancelled 125,000 of its own shares that it had received as payment for used equipment in Chile.
7 Dec 2011asset acquisition disposition● NeutralMajor
On December 2, 2011 Global Gold closed an amended sale of the Pureo assets in Chile (Global Gold Valdivia) to Conventus, whose rights were assigned to Amarant Mining. This completes the October 2010 deal, but the closing came after the March 31, 2011 target and with changes: it also sold its Global Oro and Global Plata subsidiaries, which own Minera Global, for a 1% interest in Amarant. The $4.0M still owed is due as $1M on or before each of Dec 15, 2011, Dec 15, 2012, Dec 15, 2013 and Dec 31, 2014, plus a $2.5M bonus if 150,000 ounces of gold are produced within seven years.
14 Nov 2011late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
15 Aug 2011late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
5 July 2011director interest notice● Neutral
GLOBAL GOLD CORP director Marvin Jeffrey received 50,000 shares as part of the equity award.
5 July 2011director interest notice● Neutral
Marvin Jeffrey became a GLOBAL GOLD CORP director and company insider (initial ownership filing).
28 June 2011capital raising announcement● Neutral
On June 23, 2011 Global Gold issued 2,000,000 restricted shares at $0.15 to settle $300,000 of about $712,000 in wages owed to management (as of March 31, 2011), which stops interest on that part of the debt but dilutes shareholders. It also issued 50,000 shares to each of six directors ($45,000 total), 800,000 shares as a bonus to Armenia and Chile employees ($120,000), another 250,000 shares to Rasia, FZE for the CR joint venture advice, and 250,000 warrants were exercised at $0.10 ($25,000), leaving 2,000,000 of the December 2008 warrants.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP VP Urquhart William received 50,000 shares as part of the equity award.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP CEO Krikorian Van received 775,000 shares as part of the equity award.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP Treasurer and Secretary Gallagher Drury J received 775,000 shares as part of the equity award.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP CFO Dulman Jan received 100,000 shares as part of the equity award.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP director Hague Ian received 50,000 shares as part of the equity award.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP director Gilmore Harry received 50,000 shares as part of the equity award.
27 June 2011director interest notice● Neutral
GLOBAL GOLD CORP director Aynilian Nicholas J received 50,000 shares as part of the equity award.
14 June 2011agm 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 2011quarterly activities report▼ Bad
GLOBAL GOLD CORP reported a quarterly net loss of $839 thousand for the period ended 2011-03-31.
16 May 2011late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its quarterly report would be filed late.
5 May 2011capital raising announcement● Neutral
On May 3, 2011 Global Gold issued 250,000 restricted shares to Rasia, FZE as partial payment for advisory services on the Consolidated Resources joint venture, which adds a small amount of dilution. On May 2 it also amended its nominating, audit and compensation committee charters to adopt NYSE Amex governance and director independence provisions; the filing gives no reason for this.
2 May 2011material agreement▲ GoodMajor
On April 27, 2011 Global Gold signed the follow-on agreement with Consolidated Resources, saying CR's due diligence was satisfactory. This follows the March 17 deal. The $500,000 advance has been paid, $1.4M is due now and $3.1M over 12 months. A joint venture company is still to be formed, with terms not yet agreed. Global Gold's stake is to be the greater of 51% or $40.0M of the new company's stock after 12 months. Jeffrey Marvin of CR is nominated to the Global Gold board. The filing shows a new Rye, NY address.
2 May 2011agm notice● Neutral
GLOBAL GOLD CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
29 Mar 2011late filing notice▼ Bad
GLOBAL GOLD CORP notified the SEC that its annual report would be filed late.