Securities Commission issue another warning; 9999 Gold Mining Corporation

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.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER