UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 30, 2007
Global Gold Corporation
(Exact name of registrant as specified in its charter)
Delaware 02-69494 13-3025550
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(State or other jurisdiction (Commission (IRS
of incorporation) File Number) Identification No.)
45 Eat Putnam Avenue, Greenwich, CT 06830
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 422-2300
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement
communications pursuant to Rule 133-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
As of January 23, 2006, Global Gold Mining, LLC ("GGM") (which is a wholly owned
subsidiary of Global Gold Armenia, LLC which in turn is a wholly owned
subsidiary of Global Gold Corporation ("GGC")) entered into a share purchase
agreement with Athelea Investments, CJSC ("AI") and Messrs. Simon Cleghorn,
Sergio DiGiovani, Armen Ghazarian, and Frank Pastorino (the "Sellers") to
transfer 80% of the shares of AI to GGM. After the January 31, 2006 closing, all
assets (including the "Athelea" name) not related to the approximately 27 square
kilometer Getik gold/uranium exploration license area in the northeast
Geghargunik province of Armenia were transferred back to the Sellers and AI was
renamed the "Getik Mining Company, LLC" ("GMC"). As of May 30, 2007, GGM
acquired the remaining twenty percent interest of the Sellers in GMC, leaving
GGM as the owner of one hundred percent of GMC, all as described in the exhibit
below.
Item 2.01 Completion of Acquisition or Disposition.
The information provided in item 1.01 is incorporated herein by reference.
Exhibit No.
10.3 Material Contract - First Amendment ("Amendment") to the parties January
23, 2006 Share Purchase Agreement ("Agreement") dated as of May 30, 2007 by
Global Gold Mining, LLC, Getik Mining Company, LLC (formerly Athelea
Investments, CJSC), Simon Cleghorn, Sergio Di Giovani, Armen Ghazaryan, and
Frank Pastorino.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: May 31, 2007, Global Gold Corporation
By: /s/Van Z. Krikorian
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Name: Van Z. Krikorian
Title: Chairman and Chief
Executive Officer