Below is Page 11 of the order issued by the Royal Court of Jersey of an INJUNCTION filed against Global Gold Corp. and Mr. Van Krikorian restricting them from encumbering or diminishing any of the assets of the GGCRL Joint Venture, which includes the Toukhmanuk Gold Mine.
This injunction has additional pages but I have only received this one. It is clear from this and GBGDs 10-Q filings that Global Gold Corp. and Mr. Van Krikorian are the "Second" and "Third" Defendants in this injunction. The "First Defendant" is GGCRL which is the joint venture company managed by Van Krikorian.
VAN KRIKORIAN cannot pretend this INJUNCTION does not exists or does not affect his contemplated financing with the CONVERSE BANK of Armenia. GBGD and Van Krikorian are forbidden to to encumber or dispose the Toukhmanuk Gold Mine and cannot enter in a transaction without the consent of its 49% partner Consolidated Resources Armenia.
It is clear that CONVERSE BANK of Armenia cannot complete any transaction without the consent of CRA. GBGD's partners, which include Industrial Minerals of Switzerland via Austria, and Linne Mining shell, apparently controlled by Borun Group, of the republic of Georgia, and the Principals of Industrial Minerals, are either accomplices of Mr. Van Krikorian or they have been kept in the dark about this and are possibly the next victims of GBGD. I assume the latter to be more probable and fits the modus operandi of Mr. Van Krikorian, chief executive of Global Gold Corp. (otcqb: GBGD).
Mr. Van Krikorian and GBGD are trying to swindle their JV partner (CRA) out of $7 million dollars of investments they made in their 49% interest of the Toukhmanuk Gold Mine, by claiming that the transaction is "void ab initio" and therefore CRA forfeits its entire Investment (sound familiar?).
As a "whistelblower" I will continue exposing the unscrupulous business practices and fraud of GBGD which are being perpetrated against shareholders and joint venture partners alike. GBGD is a publicly listed company and reporting issuer and cannot act outside the rules of the The Exchange Act and the US Securities and Exchange Commission (SEC), forever. Eventually the long arm of the SEC will catch-up to GBGD and Mr. Van Krikorian and probably their auditors.
-Bill Mavridis
Montreal, CANADA
Note: Sometime in the end of 2015 the injunction was lifted against GBGD and Van Krikorian, after GBGD appeal was successful. CRA has filed its own appeal and has now received the right to appeal from the privy counsel in the UK at the Supreme Court of the UK, and the entire mater is still unresolved. CRA is seeking the liquidation of the JV in isle of Jersey and GBGD is claiming that this issue an Arbitration issue. -BM January 2016.
Consolidated Resources Armenia (Appellant) v Global Gold Consolidated Resources and others (Respondents) (Jersey)
This document was issued by Mr. Jason Troy, the Proceedings Officer of the Royal Court of Jersey. If you want to get a copy of this injunction or other proceedings currently being taken against the GGCRL joint venture, owned 51% by GBGD and 49% by CRA, you can contact the Proceedings Officer of the Royal Court of Jersey at:
Mr. Jason Troy, Proceedings Officer
Royal Court of Jersey
Judicial Greffe
Royal Court House
Royal Square
Mr. Jason Troy, Proceedings Officer
Royal Court of Jersey
Judicial Greffe
Royal Court House
Royal Square
St. Helier, Jersey C.I.JE1 1JG
Tel: (01534) 441 343
j.troy@gov.je
This injunction has additional pages but I have only received this one. It is clear from this and GBGDs 10-Q filings that Global Gold Corp. and Mr. Van Krikorian are the "Second" and "Third" Defendants in this injunction. The "First Defendant" is GGCRL which is the joint venture company managed by Van Krikorian.
VAN KRIKORIAN cannot pretend this INJUNCTION does not exists or does not affect his contemplated financing with the CONVERSE BANK of Armenia. GBGD and Van Krikorian are forbidden to to encumber or dispose the Toukhmanuk Gold Mine and cannot enter in a transaction without the consent of its 49% partner Consolidated Resources Armenia.
It is clear that CONVERSE BANK of Armenia cannot complete any transaction without the consent of CRA. GBGD's partners, which include Industrial Minerals of Switzerland via Austria, and Linne Mining shell, apparently controlled by Borun Group, of the republic of Georgia, and the Principals of Industrial Minerals, are either accomplices of Mr. Van Krikorian or they have been kept in the dark about this and are possibly the next victims of GBGD. I assume the latter to be more probable and fits the modus operandi of Mr. Van Krikorian, chief executive of Global Gold Corp. (otcqb: GBGD).
Mr. Van Krikorian and GBGD are trying to swindle their JV partner (CRA) out of $7 million dollars of investments they made in their 49% interest of the Toukhmanuk Gold Mine, by claiming that the transaction is "void ab initio" and therefore CRA forfeits its entire Investment (sound familiar?).
As a "whistelblower" I will continue exposing the unscrupulous business practices and fraud of GBGD which are being perpetrated against shareholders and joint venture partners alike. GBGD is a publicly listed company and reporting issuer and cannot act outside the rules of the The Exchange Act and the US Securities and Exchange Commission (SEC), forever. Eventually the long arm of the SEC will catch-up to GBGD and Mr. Van Krikorian and probably their auditors.
-Bill Mavridis
Montreal, CANADA
Note: Sometime in the end of 2015 the injunction was lifted against GBGD and Van Krikorian, after GBGD appeal was successful. CRA has filed its own appeal and has now received the right to appeal from the privy counsel in the UK at the Supreme Court of the UK, and the entire mater is still unresolved. CRA is seeking the liquidation of the JV in isle of Jersey and GBGD is claiming that this issue an Arbitration issue. -BM January 2016.
Consolidated Resources Armenia (Appellant) v Global Gold Consolidated Resources and others (Respondents) (Jersey)
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