Global Gold Corp. (GBGD)

[BMAV1]

GLOBAL GOLD MARJAN LICENSE ILLEGALLY ISSUED?
http://extortion-in-armenia.blogspot.com/2012_10_01_archive.html

Mr. Van Z. Krikorian, the Chairman and CEO of Global Gold Corporation (otcqb: GBGD) and its Corporate Counsel, now can add fraudulent representation as an apparent criminal act to all the other apparent criminal acts he has committed as corporate counsel and CEO of Global Gold.

I have written much about my apparent extortion claims against Mr. Van Z. Krikorian and Global Gold, but now the Former Minister of the Environment of the Republic of Armenia confirms what I discovered during the Arbitration case: THE MARJAN MINING LICENSE WAS ILLEGALLY ISSUED to Global Gold and that Mr. Van Krikorian and Mr. Ashot Poghossyan, his right hand in Armenia, were aware of this.

Mr. Vardan Ayvazyan indicates that the Global Gold failed to finalize reserve calculations of the Marjan deposit and that without reserves the issuance of the license was done illegally. Armenian Mining Law is very clear on this matter.

So where does the FRAUDULENT REPRESENTATION come into play?

First of all, a definition of what fraudulent representation is required here:

Definition: Fraudulent representation means making of a false statement about a material fact, with the knowledge that such statement is false, to another person with an intention that such other person to whom that statement is made must believe it as true and must act upon it resulting in an injury to the person to whom such false representation is made.

In December 2009 Global Gold, and more specifically its CEO, Mr. Van Krikorian, made certain representations and signed a Letter Agreement with me, when I represented Caldera Resources Inc., to develop the Marjan Gold and Silver project in southwestern Armenia. The representations in question, is that he had a valid mining license on the Marjan Project, when he knew there were problems.

During the Arbitration and the additional review of additional legal documents in Armenia, I discovered that the mining license was probably issued illegally, because there were no approved GKZ reserves. Mr. Van Z. Krikorian concealed these issues and mislead and misdirected Caldera's representatives with incomplete documents and false claims including that they have the GKZ approval when they did not.

This appears to be fraudulent representation by Mr. Van Z. Krikorian.

Mr. Vardan Ayvazyan, the former Minister of the Environment, currently a sitting member of the National Assembly of the Republic of Armenia and Chairman of the Standing Committee on Economic Affairs.

The documents related to this claim were distributed by Mr. Vardan Ayvazyan at a recent press conference. Copies of these documents in the original Armenian language can be acces at:

http://hetq.am/static/content/pdf/v-ayvazyan.pdf

In 2012 Global Gold's manager demanded that the Controller's Office of the Ministry of Energy and Natural Resources investigate Caldera's handeling of the project. The Controller's Office not only reviewed the handeling fo the file during the time it was managed by Caldera, it decided to investigate the entire file from its inception.

I understand that Global Gold and Mr. Van Z. Krikorian have received a report, but have kept the damaging contents private.

More news and details to follow.