8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported) April 4, 2006

                             Global Gold Corporation

             (Exact name of registrant as specified in its charter)



         Delaware                       02-69494                13-3025550
         --------                       --------                ----------
(State or other jurisdiction          (Commission                  (IRS
      of incorporation)               File Number)           Identification No.)


           45 East Putnam Avenue, Greenwich, CT                 06830
         ----------------------------------------              -------
         (Address of principal executive offices)             (Zip Code)


       Registrant's telephone number, including area code (203) 422-2300

         (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 133-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



Item 3.02 Unregistered Sales of Equity Securities.

On April 4, 2006 Global Gold  Corporation sold $13,000,000 in common shares in a
private placement,  pursuant to exemptions from registration requirements of the
Securities Act under  Regulation D and  Regulation S based upon  representations
and covenants provided by the respective  purchasers.  The transaction  involved
the  issuance of ten million  four  hundred  thousand  shares of common stock at
$1.25 per share. Each three shares purchased shall also entitle the purchaser to
a warrant for the purchase of an additional  one share at the price per share of
$2.00 exercisable on or before the sooner of (a) April 1, 2008 or (b) sixty (60)
days following a determination  by the Company 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.  Aton Securities,  Inc.
of New York City acted as the Managing  Private  Placement Agent, and as part of
its  compensation  has also  been  granted  warrants  to  purchase  one  million
(1,000,000) restricted common shares exercisable at the price of $1.25 per share
within eighteen months of April 4, 2006.



Item 9.01 Financial Statements and Exhibits.

Exhibit No.





99.1                    Press Release.


                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.





Dated: April 5, 2006                   Global Gold Corporation

                                        By: /s/Drury J. Gallagher
                                            ---------------------
                                      Name: Drury J. Gallagher
                                     Title: Chairman, Chief Executive
                                            Officer and Treasurer

EX-99.1

                             Global Gold Corporation
                      Closes $13 Million Private Placement


     Greenwich, CT-- April 5, 2006--Global Gold Corporation (OTCBB-GBGD)
     (www.globalgoldcorp.com) has closed a private placement raising thirteen
     million dollars with Aton Securities, Inc. of New York City
     (www.atonsec.com) 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.
     (www.fbird.com) and East Capital (www.eastcapital.com), as well as new
     shareholders Farallon Capital Management (www.faralloncapital.com),
     Persistency Capital (www.Persistencycapital.com), QVT Financial
     (www.qvt.com), Prince Street Capital (www.Princefund.com), 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
     www.globalgoldcorp.com.

     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: Drury J. Gallagher-- ggc@globalgoldcorp.com