Global Gold Corp. (GBGD)

[smarks1969]

What purchase agreement is this referring to?

"On April 13, 2012, the Company entered into an "Amended Joint Membership Interest Purchase Agreement" with Amarant Mining Ltd. ("Amarant") to amend the parties' December 2, 2011 "Joint Membership Interest Purchase Agreement" as follows: the 1 million dollar payment from Amarant due the Company on December 15, 2011 shall be paid by April 20, 2012; the three "Additional Payments" of 1 million dollars due on each of December 15, 2012, December 15, 2013, and December 15, 2014 shall all be paid in a lump sum of three million dollars prior to May 31, 2012, as further described in Exhibit 10.49."

There have been rumors that it concerns the purchase of property in Chile owned by Medinah Minerals (MDMN) who state on their website that they have entered into an agreement and funding is "imminent", but doesn't name the partner(s).

Thoughts?