YAHOO Finance
PRESS RELEASE
Source: Global Gold Corp.
Global Gold Corporation Closes $13 Million Private Placement
Wednesday April 5, 3:56 pm ET
GREENWICH, CT–(MARKET WIRE)–Apr 5, 2006 — Global Gold Corporation (OTC
BB:GBGD.OB <; - News < ; ) () has closed a private placement raising thirteen million dollars with Aton Securities, Inc. of New York City () acting as the Managing Private Placement Agent. Global Gold will use the proceeds to fund its mining and exploration projects in Armenia and in Chile, acquisition plans as well as for working capital. The transaction involved the issuance of ten million four hundred thousand shares of common stock at $1.25 per share. Each new share issued carries a warrant to purchase one third of one additional share at $2.00 per share. The warrants are exercisable on or before the sooner of (a) April 1, 2008 or (b) sixty (60) days following a determination that the weighted average trading price of the common shares over a thirty (30) consecutive trading day period commencing after August 1, 2006 is $3.00 USD or greater. Lead investors include current shareholders Firebird Global Master Fund, Ltd. () and East Capital (), as well as new shareholders Farallon Capital Management (), Persistency Capital (), QVT Financial (), Prince Street Capital (), and Aton International Ltd. Global is currently focusing its work in Armenia in the North Central Belt to produce gold and to bring historical reserve numbers up to Western standards as well as in the gold and uranium Getik exploration area. Global also has other interests in Armenia including joint ventures with Iberian Resources and the right until December 31, 2009 to elect to participate at a level of up to twenty percent with Sterlite Gold Ltd. or any of its affiliates in any exploration project undertaken in Armenia. Global Gold Corporation is located at 45 East Putnam Avenue, Greenwich, CT 06830. The main phone number is 203-422-2300. More information can be found at 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. Contact: Contact: Drury J. Gallagher [email protected] _____ Source: Global Gold Corp. GBGD.OB Copyright C 2006 Yahoo! Inc. All rights reserved. From: Emil Lazarian | Ararat NewsPress

ARMENIAN POLITICIANS POSITIVELY ESTIMATE ARMENIAN-AMERICAN RELATIONS
Noyan Tapan
Apr 06 2006
YEREVAN, APRIL 6, NOYAN TAPAN. The April 6 discussion with
participation of a number of politicians, organized by the National
Press Club, was dedicated to discussion of the current level
and prospects of deepening of Armenian-American relations. The
discussion participants: Chairman of the Constitutional Low Union
Hrant Khachatrian, Chairman of the National-Democratic Party, RA
MP Shavarsh Kocharian, Chairman of the Christian-Democratic Party
of Armenia Khosrov Haroutiunian, Head of the ARF Dashnaktsutiun Hay
Dat Committee Kiro Manoyan, positively estimated the current level
of Armenian-American relations, as well as pointed to the balanced
policy of the U.S. in the region.
According to Hrant Khachatrian, on the whole the programs of the
U.S. in Armenia, in difference to the Russian programs, are aimed at
development of democracy. He mentioned that the U.S. has been always
acting in Armenia by much more flexible methods than Russia, not
causing discontent or hostility among the population. H.Khachatrian
wished the U.S. recognized the Nagorno Karabakh independence as quick
as possible. In Kiro Manoyan’s estimation, the U.S. pursues two goals
in the region: to reduce the influence of Russia and to hamper to the
spreading of the Iranian influence. He mentioned that we should not
ignore the fact that the U.S. government provides annual assistance
to Nagorno Karabakh. He refuted the supposition about the pressure
exerted by the U.S. on Armenia in the issue of Karabakh settlement. In
his opinion, this pressure is excluded in the coming years as the
U.S. will be engaged in its own domestic problems and, first of all,
in the Congress elections to be held at the end of the year. Khosrov
Haroutiunian positively estimated the presence of the U.S. in the
region, but, nevertheless, warned that we should not stake only
on one country. “The Armenians should learn lessons from history,
I mean Russia, on the which the only stake was made”.

IT’S ENVISAGED THAT DUAL CITIZENS TO MAKE USE OF ELECTORAL RIGHT ONLY AFTER SETTLING IN ARMENIA FOR MOSTLY AND CONTINUOUS LIVING
Noyan Tapan
Armenians Today
Apr 06 2006
YEREVAN, APRIL 6, NOYAN TAPAN, – ARMENIANS TODAY. Levon Mkrtchian,
the head of the RA NA “ARF” faction and Armen Rustamian, a
representative of the ARF Supreme Body of Armenia presented at
the April 5 press-conference the working draft of the conception
of the RA draft law “On Giving Armenians from Abroad Status of Dual
Citizenship.” It’s expected that the draft law will be worked out based
on the conception and will be put it in the official circulation at
the National Assembly till September. The necessity of adopting the
letter is conditioned with constitutional amendments adopted by the
November 27, 2005 referendum, as a result of that the prohibition
of the dual citizenship was liquidated. It’s envisaged that those
dual citizens who implemented their military service in any state,
must not implement double military service in the RA. Issues connected
with tax duties must be regulated by international agreements. Double
taxation of dual citizens will be excluded by the means of interstate
agreements and the productive citizenship will be used, thus, taxes,
duties and other payments will be paid in that state where those
people mostly and continuously or always live or where they actively
promote their activity, where the place of sources of their profit
is. As for carrying out the right of votion, according to the proposed
draft conception, dual citizens will make use of this right after
their settling in RA for mostly or countinuously living. Taking into
account, that by the RA amended Constitution no prohibition functions
connected with the right of voting, it’s fixed that people got dual
citizenship in the RA must make use of the possibility of their right
of voting. The author considers possible to fix a principle in the
Electoral Code, according to what, state elections must be held only
in the RA territory, excluding existence of polling stations in other
countries. Let’s mention that the basis for getting dual citizenship
is the fact of certifying and proving meaning, thus, according to
A.Rustamian, the principle of blood functions.
From: Emil Lazarian | Ararat NewsPress

RA FOREIGN MINISTER HAS MEETINGS WITH RF SECURITY COUNCIL SECRETARY, OSCE MG RUSSIAN CO-CHAIR AND RUSSIAN ARMENIAN BUSINESSMEN IN MOSCOW
Noyan Tapan
Armenians Today
Apr 06 2006
MOSCOW, APRIL 6, NOYAN TAPAN – ARMENIANS TODAY. RA Foreign Minister
Vartan Oskanian’s 3-day working visit to Moscow started on April
5. The same day in the evening Minister Oskanian met with Secretary
of RF Security Council Igor Ivanov. During the conversation the
sides touched upon the current state and development prospects of
Armenian-Russian bilateral relations, as well as exchanged thoughts
about a number of issues of mutual interest, regarding regional and
international security. In the morning of April 6, V.Oskanian met with
OSCE Minsk Group Russian Co-chairman Yuri Merzliakov at the Armenian
Embassy in RF. Then Minister Oskanian received a number of Russian
Armenian businessmen. At the meeting the Minister highly estimated the
latters’ interest and confidence in Armenia’s economic potential and
market. Expressing gratitute for the programs implemented in Armenia
by the Armenians from all parts of the world, Minister Oskanian also
mentioned the necessity to systematize this process. In particular,
presenting the program aimed at promoting the development of the
Armenian villages, V.Oskanian informed that it will be one of the
main issues to be submitted for discussion at the Armenia-Diaspora
third Forum to be held on September 18-19. At the meeting, during
which an interested dialogue on prospects of Armenia’s development
and Armenia-Diaspora cooperation in different spheres proceeded, the
businessmen expressed readiness to take part in these discussions and
to assume implementation of concrete programs. In the second half of
the day RA Foreign Minister made a speech under the title “Cooperation
and Security in the South Caucasus” at Moscow Carnegie Center,
which is one of the Russian leading research centers of political
and public sciences. Representatives of Russian state and political
circles, scientific-research and higher educational institutions of
Moscow, diplomatic missions in RF, Russian and foreign media had come
to listen to RA Foreign Minister’s speech. In the evening Minister
Oskanian will meet with the Armenian students of Moscow State Institute
of International Relations at RA Embassy. According to RA Foreign
Ministry Press and Information Department, in the morning of April
7 Vartan Oskanian will meet with RF Foreign Minister Sergei Lavrov.

USA SET TO URGE AZERI LEADER TO JOIN ANTI-IRAN COALITION – PAPER
Yeni Musavat, Baku
6 Apr 06
Excerpt from Mahabbat’s report in Azerbaijani newspaper Yeni Musavat
on 6 April headlined “Azerbaijani leader is called to Washington”
and subheaded “It will be officially demanded that Aliyev join the
anti-Iran coalition. The president has already given 90 per cent of
what the USA has requested for the forthcoming war”
Azerbaijani President Ilham Aliyev will pay an official visit to the
USA at the end of April, Radio Liberty has quoted diplomatic sources
as saying. Ilham Aliyev will visit Washington for the first time
after the 2003 presidential election in his capacity as president.
The visit will be paid at the invitation of the White House. Ilham
Aliyev will reportedly meet US President George Bush.
[Passage omitted: Foreign Minister Elmar Mammadyarov is visiting the
USA now]
Commenting on Aliyev’s visit to the USA, a source said that his
invitation to Washington is exclusively connected with issues around
Iran. As has been seen, high-ranking US officials have been visiting
Azerbaijan lately: “There are also visits that are not made public
officially. US officials in charge of specific areas also pay frequent
visits to Azerbaijan.”
The source also said that Ilham Aliyev has fulfilled almost 90 per
cent of US demands in connection with the Iran issue: “These include
unauthorized command of the army, unrestricted immediate access
for Americans to all secret areas, handover to the Pentagon of the
Azerbaijani air defence force and military units and aerodromes left
over from the Soviet period, and the establishment of intelligence
agencies.”
The source said that Aliyev has actually made Azerbaijan a member
of the anti-Iran coalition. The source noted that he has provided
the USA with more possibilities than any other official member
of the coalition. The difference is that Ilham Aliyev has not yet
officially announced Azerbaijan’s membership of the coalition. The
expert believes that if the president’s visit to the USA takes place,
on his return he will announce Azerbaijan’s accession to the anti-Iran
coalition: “This is what is demanded from Aliyev now: declare that
you are joining the anti-Iran coalition and make your position clear
in order for the world and the Islamic world to know that this is not
a war between Muslims and Christians. The world should see that this
is not confrontation between civilizations but a struggle to prevent
the production of nuclear weapons. The president has been invited to
Washington because at his meetings with US officials in Azerbaijan
he did not make his opinion on the issue clear for fear of Russia
and Iran. He will be urged at the highest level to declare this.”
The expert did not rule out that the president will be given promises
on some occasions: “Amongst these promises, they may offer relatively
good conditions for Azerbaijan and Aliyev towards the settlement of
the Nagornyy Karabakh problem. Nevertheless, if Azerbaijan allies
itself with the anti-Iran coalition, this will drag the country into
a disaster. It is very likely that the public will seriously protest
after Azerbaijan officially declares that it joins the coalition.”

RADIO MONITORING OF CONTACT LINE HELD IN IJEVAN-GHAZAKH PART OF ARMENIAN-AZERBAIJANI BORDER ON APRIL 6
Noyan Tapan
Apr 06 2006
YEREVAN, APRIL 6, NOYAN TAPAN. Within the framework of the mandate
of Andrej Kasprczik, the Personal Representative of the OSCE
Chairman-in-Office, radio monitoring of the contact line will be
held near the village of Berkaber, in the Ijevan-Ghazakh part of the
Armenian-Azerbaijani border at 11:00, April 6.
As Colonel Seyran Shahsuvarian, the RA Defence Minister’s Press
Secretary informed Noyan Tapan, this time A.Kasprczik will participate
in the observation from the Azerbaijani side.

ROBERT KOCHARIAN: ARMENIA HAS A WISH TO ACTIVIZE COOPERATION WITH DENMARK
Noyan Tapan
Apr 06 2006
YEREVAN, APRIL 6, NOYAN TAPAN. Uffe Anderson Balslev, the newly
appointed Ambassador of the Kingdom of Denmark to Armenia (residence
in Kiev) handed his credentials to RA President Robert Kocharian on
April 6. The President of the republic re-affirmed the wish of the
Armenian side to activize the cooperation with Denmark. Agreeing that
there is still much to do in the direction of widening the bilateral
ties, the interlocutors attached importance to implementation of
joint programs in concrete spheres, particularly, in the context of
the European Union-Armenia cooperation. Robert Kocharian cosidered
pivotal in the relation with the European Union the possibility of
implementing active reforms in political, economic, social spheres,
emphasizing that he sees the main guarantee of development of the
country in continuous reforms of high quality. As Noyan Tapan was
informed by the RA President’s Press Office, Robert Kocharian presented
briefly the current process of settlement of the Karabakh conflict.

BIPARTISAN GROUP OF THIRTY U.S. REPRESENTATIVES URGE PBS NOT TO PROVIDE A PLATFORM FOR ARMENIAN GENOCIDE DENIERS
Noyan Tapan
Armenians Today
Apr 06 2006
WASHINGTON, APRIL 6, NOYAN TAPAN – ARMENIANS TODAY. Rep. Adam Schiff
(D-CA) was joined by Rep. George Radanovich (R-CA), Congressional
Armenian Caucus Co-Chairs Frank Pallone (D-NJ) and Joe Knollenberg
(R-MI), and a bipartisan group of twenty-six U.S. Representatives in
urging the Public Broadcasting Service (PBS) not to provide a broadcast
platform for deniers of the Armenian Genocide, reported the Armenian
National Committee of America. In an April 3rd letter, addressed to
PBS Chief Operating Officer Wayne Godwin, the House Members addressed
the growing controversy surrounding plans by PBS to broadcast a panel
discussion including known Armenian Genocide deniers Justin McCarthy
and Omer Turan following the airing this April of the documentary “The
Armenian Genocide,” produced by Andrew Goldberg. In their letter,
the group of legislators urged that, “PBS not provide a national
platform to those who deny the Armenian Genocide… Despite the
Turkish government’s concerted and well-financed effort to obscure
and alter history, there is no serious academic dispute about the
Armenian Genocide.” The letter closed by noting that, “Surely,
PBS would not consider broadcasting a documentary on the Holocaust,
followed by a panel that included Holocaust deniers. A commitment to
balance does not mandate the inclusion of opinions that are objectively
false.” “We want to thank Representatives Schiff, Radanovich, Pallone,
and Knollenberg for their leadership in giving voice to the growing
Congressional opposition to PBS’s deeply flawed decision to provide
public airtime to deniers of the Armenian Genocide,” said ANCA
Executive Director Aram Hamparian. “Clearly their concerns are being
heard, as more and more PBS affiliates are deciding not to run this
panel discussion.” The full list of signatories is as follows: Gary
Ackerman (D-NY), Shelley Berkley (D-NV), Jerry Costello (D-IL), Anna
Eshoo (D-CA), Bob Filner (D-CA), Scott Garrett (R-NJ), Raul Grijalva
(D-AZ), Rush Holt (D-NJ), Steve Israel (D-NY), Patrick Kennedy (D-RI),
Joe Knollenberg (R-MI), Carolyn Maloney (D-NY), James McGovern (D-MA),
Cynthia McKinney (D-GA), Michael McNulty (D-NY), Richard Neal (D- MA),
C. L. Butch Otter (R-ID), Frank Pallone (D-NJ), Donald Payne (D-NJ),
Collin Peterson (D-MN), George Radanovich (R-CA), Steven Rothman
(D-NJ), Adam Schiff (D-CA), Joe Schwarz (R-MI), Brad Sherman (D -CA),
Mark Souder (R-IN), John Sweeney (R-NY), Edolphus Towns (D-NY),
Diane Watson (D-CA), and Anthony Weiner (D-NY). In addition to the
signatories of this letter, a number of other legislators undertook
individual efforts directly with PBS. Among these were Senator Boxer
(D-CA), who shared her concerns with San Francisco’s KQED, which
recently decided not to air the denial panel.
Senator John Ensign (D-CA), the author of the Senate version of the
Armenian Genocide Resolution (S.Res. 320), similarly urged Las Vegas
PBS affiliate KLVX not to air the panel, stressing that, “to air
this or any other denial would only serve to condone [the Turkish
government’s] denial and to ignore the reality of those atrocious
acts that were responsible for the loss of one and half million lives
and for more than half a million survivors being exiled.” On the House
side, individual letters were sent by Rep. Zoe Lofgren (D-CA) and James
Langevin (D-RI). In her letter, Rep. Lofgren expressed her hope that
“PBS will evaluate this planned programming using the same standard
it would employ if deniers were discussing either [the Armenian or
Jewish] Holocaust.”
Rep. Langevin noted that, “I imagine that those who deny the existence
of the Holocaust would not be offered the same chance to air their
views, and I question why the Armenian Genocide appears to be held
to a different standard.” On April 4th, Rep. Schiff hosted a Capitol
Hill screening of the PBS documentary, “The Armenian Genocide,” to
a standing-room only audience of Members of Congress, Congressional
staffers, members of the media and Armenian American community
activists. Rep. Schiff was joined by Rep. Rush Holt (D-NJ) and Rep.
Pallone in offering remarks at the opening of the documentary,
while director Andrew Goldberg led an insightful question and answer
session at the conclusion of the piece. Among those in attendance
were His Excellency Tatoul Markarian, Ambassador of the Republic of
Armenia to the U.S. accompanied by Embassy staff, as well as former
U.S. Ambassador to Armenia Michael Lemmon and Pulitzer Prize winning
author Samantha Power. On March 29th, Rep. Pallone delivered a House
floor speech urging PBS not to air the panel discussion, arguing
that he “would not feel any different about this issue if we were
discussing Darfur, Rwanda or the Nazi Holocaust. Genocide deniers
should not have a forum.
The quest for fair and balanced information does not give a license to
propagate false, misleading and offensive information about historical
facts that relate to genocide.” The Washington Post reported on
February 16th that, “Thousands of Armenian Americans are protesting
the Public Broadcasting Service’s planned panel-discussion program
about Turkey’s role in the deaths of Armenians during and after World
War I. The 25-minute program has generated an outcry because the
panel will include two scholars who deny that 1.5 million Armenian
civilians were killed in eastern Turkey from 1915 to 1920.”

MEMORIAL EVENING DEDICATED TO ARMENIAN GENOCIDE ANNIVERSARY HELD IN ATHENS
Noyan Tapan
Armenians Today
Apr 06 2006
ATHENS, APRIL 6, NOYAN TAPAN – ARMENIANS TODAY. A memorial evening
dedicated to the anniversary of the Armenian Genocide was held on
April 4 at the Royal Olympic hotel of Athens. The event was organized
by the Rotary club of Athens. As Noyan Tapan was informed by RA
Foreign Ministry Press and Information Department, over 200 members
of the club, members of the parliament and government of Greece,
representatives of the Armenian community and the clergy were present
at the memorial evening. RA Ambassador Vahram Kazhoyan also took part
in the event.

GROSS FOREIGN DEBT OF ARMENIA MAKES 1,860.18 MLN DOLLARS IN LATE 2005
Noyan Tapan
Apr 06 2006
YEREVAN, APRIL 6, NOYAN TAPAN. The gross foreign debt of Armenia
declined by 7.8 mln USD compared with 2004 and made 1,860.18 mln USD
in late 2005. 48.5% of the debt formed in the state government system,
20.3% – in the private sector, 10.6% – in the monetary and credit
regulation bodies and 8.5% – in commercial banks. According to the
RA National Statistical Service, Armenia’s net foreign debt declined
by 151.3 mln USD in 2005 and made 777 mln USD at the end of the year.