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Yes, there is in Panama. Be very careful. Read this alert from Virgin Gold Mining:

Press ReleaseScam Alert Scam Alert

Virgin Gold Scam Alert

October 7th, 2011

It has come to our attention that many companies and websites have emerged in the past months and years that resemble Virgin Gold Mining Corporation.

Based on our regional marketing and legal consultants' report, we have come to the conclusion that many companies and individuals post great threats specifically to the good image and business reputation of Virgin Gold and global investment sentiment as a whole.

Many of these companies, websites and individuals have copied VGMC website to scam and cheat investors worldwide, especially in Asia. Some of these companies and sites had claimed many victims since 2010. These companies claimed to be in operation for many years, while the facts and figures clearly show that they have no business operations at all. They merely copy VGMC website almost completely and just change the name of the company.

Repeated action by our legal department to contact the administrators of these companies to serve legal proceedings against the operators of such sites and companies had failed, simply because they do not exist.

The offices' addresses and phone numbers are all virtual/corporate service phones, faxes and offices. None of the real administrators can be contacted up to the date.

Virgin Gold has started issuing security and scam alerts since August 2010 and yet many investors are either ignorant or engorged by greed that they still invest in these bogus companies. VGMC board of directors felt extreme regret and decided that setting up a "Scam Alert" section in our website has become a priority to further educate and protect the innocents.

Virgin Gold Mining Corporation lists these companies' and individuals' websites in our "Scam Alert" section for the benefit of our shareholders and partners. Many of Virgin Gold actual and potential shareholders have been constantly writing to us to let us know about their horrible experiences of investing with such scam sites. We hope this "Scam Alert" section will be beneficial to all parties.

We also urged shareholders NOT to:

  • Invest with these companies.
  • Refer people to invest into these companies.
  • Try to use their Virgin Gold shareholder/user IDs and passwords to log in into such sites at any time.
  • Use their personal computer to visit these websites, as they many contain viruses and Trojans that may be harmful to their hardware and hack their VGMC account information.
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