The New Firebird Avrora Fund Ltd Holding in Global Gold Corp
Firebird Avrora Fund Ltd filed with the SEC SC 13D/A form for Global Gold Corp. The form can be accessed here: 000119312516766257. As reported in Firebird Avrora Fund Ltd’s form, the filler as of late owns 48.8% or 44,869,915 shares of the -company.
Global Gold Corp stake is a new one for the and it was filed because of activity on November 4, 2016. We feel this shows Firebird Avrora Fund Ltd’s positive view for the stock.
Reasons Why Firebird Avrora Fund Ltd Bought – Global Gold Corp Stock
Purpose of Transaction
Each of the Advisors, on behalf of the Fund that it advises, has directed the purchase of the securities reported by them (the“Securities”) as an investment for such Fund. Each Advisor and the Fund that it advises share investment power and voting power with respect to the Securities. Mr.Passin and Mr.Sawikin, who serve as the control personsof FGS, share investment power and voting power with respect to the Securities reported by FGS and the Fund that it advises. Mr.Sawikin, who serves as the control person of Avrora Advisors, Firebird Management and Firebird Advisors, sharesinvestment power and voting power with each of Mr.Passin and Mr.Hague with respect to the Securities reported by Avrora Advisors, Firebird Management and Firebird Advisors and the Funds that each of them advise. The Reporting Personsacquired the Securities because the Advisors considered the Securities to be an attractive investment opportunity. Each Advisor may cause the Fund that it advises to make further acquisitions of shares of Common Stock or other securities of theIssuer from time to time or to dispose of any or all of the Securities held by such Fund at any time.
The Advisors, each onbehalf of the Funds that they advise, intend to review continuously their investment in the Issuer and each may in the future change its present course of action. Depending upon a variety of factors, including, without limitation, current andanticipated future trading prices of the Common Stock or other securities of the Issuer, the financial condition, results of operations and prospects of the Issuer and general economic, financial market and industry conditions, each of the Advisorsmay cause the sale of all or part of the Securities held by the Fund that it advises, or may cause the purchase of additional shares of Common Stock or other securities of the Issuer, in privately negotiated transactions, as part of a cash tenderoffer or exchange offer, or otherwise. Any such purchases or sales may be made at any time without prior notice. Depending upon the foregoing factors or other factors not listed herein, the Reporting Persons may formulate other purposes, plans orproposals with respect to the Issuer, the Common Stock or other equity securities of the Issuer.
The foregoing is subject tochange at any time, and there can be no assurance that the Reporting Persons will take any of the actions set forth above. Except as otherwise described in this Item4, the Reporting Persons currently have no plan or proposal which relates to,or would result, in any of the events or transactions described in Item4(a) through (j)of Schedule 13D, although the Reporting Persons reserve the right to formulate such plans or proposals in the future.
Global Gold Corporation is an exploration-stage company. It operates through the production of gold and other precious metals segment. It is engaged in exploration, development and mining of gold, silver and other minerals in Armenia, Canada and Chile. Its Hankavan property is located in central Armenia in the Kotayk province between Vanadzor and Meghradzor north of the Marmarik River. The Marjan mining property is located in Southwestern Armenia, along the Nakichevan border in the Syunik province. The Toukhmanuk property is adjacent to the Hankavan property in central Armenia, between the Aragatsotn and Kotayk provinces. The Lichtvadz-Tei and Terterasar are located in the southern Armenia province of Syunik. Its Pureo property is located in south central Chile, near Valdivia and over 700 kilometers south of Santiago. The Santa Candelaria property is located in Comuna de Diego de Almagro, Region III of Chile. Its Cochrane Pond property is located in southeastern Newfoundland, Canada.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
The stock closed at $0.0211 during the last session. It is down 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
Global Gold Corporation is an exploration-stage company. The company has a market cap of $1.41 million. It operates through the production of gold and other precious metals segment. It currently has negative earnings. It is engaged in exploration, development and mining of gold, silver and other minerals in Armenia, Canada and Chile.
More recent Global Gold Corp (OTCMKTS:GBGD) news were published by: Streetinsider.com which released: “Form 4 GLOBAL GOLD CORP For: Nov 04 Filed by: Hague Ian” on November 11, 2016. Also Fool.com published the news titled: “Digging Into Gold Stocks: Do Goldcorp’s Strengths Give It an Edge?” on October 25, 2016. Seekingalpha.com‘s news article titled: “Goldcorp Earnings: Not What I Expected” with publication date: October 27, 2016 was also an interesting one.
GBGD Company Profile
Global Gold Corporation, incorporated on February 21, 1980, is an exploration-stage company. The Firm operates through the production of gold and other precious metals segment. The Firm is engaged in exploration, development and mining of gold, silver and other minerals in Armenia, Canada and Chile. In Armenia, the Company’s focus is on the exploration, development and production of gold at the Toukhmanuk property in the North Central Armenian Belt and the Marjan and an expanded Marjan North property. In addition, the Company is exploring and developing other sites in Armenia, including the Getik property. In Chile, the Company is engaged in identifying gold exploration and production opportunities. In Canada, the Company had engaged in uranium exploration activities in the provinces of Newfoundland and Labrador. The Firm also assesses exploration and production opportunities in other countries.
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