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Securities Commission issue another warning; 9999 Gold Mining Corporation

Thursday 6th May 2010

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The Securities Commission warns the public to be wary of a company called 9999 Gold Mining Corporation. The Commission understands this company may be offering securities to members of the public in New Zealand.

The provisions of the Securities Act 1978 prohibit companies that offer securities to members of the public in New Zealand from allotting those securities unless investors have received a copy of the investment statement prior to subscription and the company has registered a prospectus. 9999 Gold Mining Corporation does not have a registered prospectus or investment statement for its offer.

In addition, Gold Mining Corporation is forecasting a 100% return on investments.

In the Commission's experience the only people who profit from any offer promising unusually high rates of return are the people who organise and promote them.

The Commission urges anyone considering this offer to seek professional advice.

 

 



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