Money for revolution

[Pascal]

http://globalgoldcorp.com/globalgoldcorp/n...0801release.php

Greenwich, CT-August 1, 2005 --Global Gold Corporation (OTCBB-GBGD) (www.globalgoldcorp.com) today acquired the Tukhmanuk gold mine, plant, and surrounding exploration sites in Armenia and, on July 29, closed a private placement raising three million dollars. Global Gold will use the proceeds to fund the Tukhmanuk acquisition and expansion as well as to further its mining and exploration projects and for working capital.

The transaction involved the issuance of four million shares of common stock at $0.75 per share. Each new share issued carries a warrant to purchase one half of one additional share at $1.50 per share. The warrants are exercisable on or before July 31, 2007. Lead investors include current shareholders Firebird Global Master Fund, Ltd., Firebird Republics Fund, Ltd, and Firebird Avrora Fund, Ltd (www.fbird.com) and new shareholders East Capital (www.eastcapital.com), Falcon QPLP, and Dover Industries.