GLOBAL GOLD AND ARMENIAN GOVERNMENT REACH ACCORD
Andrew Barwicki Investor Relations 203-422-2320
Web Services Journal, NJ
www.glob algoldcorp.com.
Aug 31 2007
GREENWICH, CT — (MARKET WIRE) — 08/31/07 — Global Gold Corporation
(OTCBB: GBGD) is pleased to transmit the following news which was
released earlier today in Armenia by the Armenian government.
Global Gold Mining LLC and the Republic of Armenia jointly announce
that they have suspended the ICSID arbitration pending conclusion of a
detailed settlement agreement. The parties have reached a confidential
agreement in principle, and anticipate that the final settlement
agreement will be reached within 10 days of this announcement.
In a separate development reported by Arminfo news agency earlier
this week, Global Gold was named to the "White List" in the category
of mining companies operating in Armenia by local journalists.
Global Gold Corporation is an international gold mining, development
and exploration company with mining properties in Armenia, Chile and
Canada, committed to building shareholder value and maintaining social
and environmental responsibilities. Global Gold Mining LLC operates
in Armenia as a subsidiary of Global Gold Corporation.
Global Gold Uranium LLC, a wholly owned subsidiary of Global Gold
Corporation, is engaged in the exploration for and development of
uranium deposits in the province of Newfoundland and Labrador.
To the extent that statements in this press release are not strictly
historical, including statements as to revenue projections, business
strategy, outlook, objectives, future milestones, plans, intentions,
goals, future financial conditions, future collaboration agreements,
the success of the Company’s development, events conditioned on
stockholder or other approval, or otherwise as to future events, such
statements are forward-looking, and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.
From: Emil Lazarian | Ararat NewsPress
