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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 1-13002
CUSIP NUMBER 37933T209
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART 1 -- REGISTRANT INFORMATION
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Full Name of Registrant
Former Name if Applicable
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GLOBAL GOLD CORPORATION
Address of Principal Executive Office (Street and Number)
734 FRANKLIN AVENUE, SUITE 383
GARDEN CITY, NEW YORK 11530-4525
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PART II -- RULES 12B-25(B) AND (C)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
[X] Yes [ ] No
(a) The reasons defined in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense.
SEE PART III BELOW.
(b) The subject matter report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
N/A
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PART III -- NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
GLOBAL GOLD CORPORATION (THE "COMPANY") IS WAITING FOR THE COMPLETION OF
ITS AUDITED FINANCIAL STATEMENT TO BE INCLUDED IN ITS REPORT ON FORM 10-KSB FOR
THE YEAR ENDED DECEMBER 31, 1998. THE COMPLETION OF SUCH REPORT HAS BEEN DELAYED
DUE TO THE
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ACCOUNTANT'S REVIEW OF CERTAIN ITEMS THEREIN. THE COMPANY INTENDS TO FILE ITS
REPORT ON FORM 10-KSB FOR THE YEAR ENDED DECEMBER 31, 1998 PROMPTLY AFTER THE
RECEIPT OF SUCH AUDITED FINANCIAL STATEMENT.
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PART IV -- OTHER INFORMATION
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(1) Name and telephone number of person to contact in
regard to this notification
Stephen R. Field, Esq. (212) 332-6050
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities Exchange Act of 1934 or section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Global Gold Corporation
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date March 29, 1999 By /s/ Drury J. Gallagher
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DRURY J. GALLAGHER,
CHAIRMAN AND
CHIEF EXECUTIVE OFFICER
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ATTACHMENT OF FORM 12B-25 FOR
GLOBAL GOLD CORPORATION
PART IV (3) - EXPLANATION OF SIGNIFICANT
CHANGE IN RESULTS OF OPERATIONS
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The Registrant is estimated to have net income for 1998 of approximately
$35,000 whereas the Registrant had a loss for 1997 of $690,747. The income for
1998 is attributable primarily to the gain realized on the sale of the
Registrant's interest in a subsidiary and the significant reduction in the
Registrant's legal and accounting fees and administrative expenses in 1998 from
those incurred in 1997.
