Minggu, 12 Mei 2013

CPS-SILVER and CPS-PLATINUM offering price


Announcements
CPS-SILVER and CPS-PLATINUM offering price
05/01/2013
Dear Shareholders,

Management has decided to fix the price of CPS-SILVER at USD0.95 per share and CPS-PLATINUM at USD1.30 per share for the months of May and June 2013.

This decision has been made based on the recent price correction of Silver and Platinum. We feel that the long term prospect of these precious metals remains very optimistic. Short term corrections are always expected due to the complexity of current financial products and structures that emphasize too much on speculations.

Many ETFs (Exchange Traded Funds), Open and Close funds that are heavily exposed to precious metals have suffered many losses as a result of recent price correction. This is not the case for Virgin Gold’s shareholders because of our excellent business philosophy. Dividends that are paid in Silver and Platinum keep the company’s financial position in excellent condition. In times of market volatility as we have seen this last month; I hope that shareholders are able to appreciate more our CPS-dividend payment model. A model that is derived based on the real production capacity of the company in paying dividend directly to its CPS holders.

The company is always actively looking for opportunities to increase its assets and income generating operations. With the recent price correction of precious metals, more opportunities have resurfaced and I expect to announce more good news in the next few months.

As for CPS-GOLD, I have come to understand that your shares may be listed within the next three (3) months, well ahead of schedule. Shareholders who have earlier booked the Option exercise price at USD0.58 have been given the priority to convert their Options to Shares from today, 1st of May until the 10th of May 2013. Those who decided to book the Options conversion later will have to pay a higher conversion premium. That is just how things work.

On behalf of the management, I thank you for your attention and support.


David Barrett
CEO – VGMC

Minggu, 03 Maret 2013

The 2013 Million Dollar Challenge Reward

Announcements
The 2013 Million Dollar Challenge Reward
03/01/2013
Dear Shareholders:

I am pleased to be able to introduce the 2013 ‘Million Dollar Challenge’ Reward we are offering to our shareholders by way of acknowledging and rewarding your loyalty and commitment to our business. It is our strategy to invest in good investor relations through well executed incentive campaigns that reinforce the good image and integrity of our business. Virgin Gold’s management has been able to offer several highly rewarding incentives for shareholders over the past three (3) years and our ‘Million Dollar Challenge’ Reward is set to be equally successful.

This is the first time that we are able to offer a global promotion; previous campaigns have always been limited to specific countries and regions. Whilst this has been very effective and successful during the formative years of our business, we are now adopting a pan-global approach to enable everyone to participate in the Virgin Gold opportunity. We will no longer organise weekly and monthly gala style events in selected countries where internationally renowned artists performed to local guests and shareholders. There will be no more car ownership incentive campaigns, which were limited to a few countries. Any previous promotional offers, such as trips to our Premier Center and the give-away commemorative coins are now discontinued.

For 2013 I have allocated a substantial budget to rewarding shareholders in an equitable manner. Shareholders from all countries qualify for this and any future promotions, regardless of nationality or region, because the wealth of this corporation is to be shared with each and every shareholder. The philosophy and principles of this year’s incentive programme is the sharing of the wealth of this company with our loyal and dedicated shareholders who have been supportive throughout our time of change and growth, championing the vision and upholding the integrity and good image of this corporation.

2013 Million Dollar Challenge Reward Promotion Period: March – October 2013 (8 months)
Challenge Reward
Challenge 1: Group Bonus of USD10,000 for any of the 6 months of the promotion Reward 1: USD50, 000 cash incentive
Challenge 2: Group Bonus of USD20, 000 for any of the 6 months of promotion Reward 2: USD100, 000 cash incentive
Challenge 3: Group Bonus of USD30, 000 or above for any of the 6 months of promotion Reward 3: USD200, 000 cash incentive
Challenge 4: Group Bonus of USD50, 000 for any of the 6 months of promotion Reward 4: USD400, 000 cash incentive
Challenge 5: Group Bonus of USD100, 000 or above for any of the 6 months of promotion Reward 5: USD1, 000, 000 cash incentive

The above incentive will be awarded to qualifying shareholders during our annual gala dinner in December 2013 or January 2014 by me personally. I wish you every success with the 2013 Million Dollar Challenge Reward and thank you for your continued and valued support.

CEO – VGMC
David Barrett

CPS-SILVER


Announcements
CPS-SILVER
03/01/2013
Dear Shareholders

The management is pleased to announce the launch of Convertible Preferred Shares, CPS-SILVER effective today, 1st of March 2013. This offer is made available to all current and new shareholders of VGMC. 


The objective is to exploit the market potential of the strong underlying growth potential of Silver over the next five (5) years. As subscribers to our CPS-PLATINUM know, since its launch six months ago Platinum has consistently outperformed Gold. In fact, due to the exceptional performance of Platinum, shareholders who subscribed CPS-PLATINUM in October 2012 will this month already recover 100% of their original investment. It is our intention to recreate a similar performance for CPS-SILVER.


Details of our CPS-SILVER Offer to shareholders are as follows:


1. Initial Offer Price – USD0.90 in March 2013


2. Projected monthly increment of USD0.05 thereafter until further notice.


3. Minimum initial subscription of 5,000 shares, thereafter blocks of minimum 100 shares thereafter per shareholder.


4. Every subscription to 1,000 CPS-SILVER entitles the shareholder to a dividend of 4 troy ounces (1 troy ounce = 31.1034768 grams) Silver, payable each calendar month. E.g. A shareholder subscribes to 10,000 CPS-SILVER on 3rd of March, dividend of 40 oz. of Silver is paid on 3rd day of each subsequent month. Silver dividends will be paid in ounces of Silver into shareholders’ SILVER ACCOUNT to be convertible to Credits (USD) in shareholders’ Credit Account at real time spot silver prices and vice versa.


5. The minimum initial subscription offer of 5,000 CPS-SILVER also applies to CPS-PLATINUM holders. In the same way as CPS-PLATINUM’s standard minimum initial subscription of 10,000 shares applies to CPS-SILVER shareholders.


6. In summary, the launch of CPS-SILVER offers the unique opportunity to become an active shareholder of VGMC by subscribing to a minimum of 5,000 CPS-SILVER or 10,000 CPS-PLATINUM or both.


7. Direct Referral Incentives for CPS-SILVER are structured in the same manner as CPS-PLATINUM whereby direct referrals generate a 10% monetary incentive

 real time on completed transactions.

8. Our Group Bonus is applicable to all shareholders of CPS-SILVER, CPS-PLATINUM or both.


9. The Group Bonus is calculated based on the total number of newly subscribed CPS-SILVER and CPS-PLATINUM in any one month. Please note: the Group Bonus applies to both types of CPS- offerings. Meaning CPS-SILVER holders can earn group bonus on newly subscribed CPS-SILVER and CPS-PLATINUM, equally CPS-PLATINUM holders can also earn from subscribed new CPS-SILVER and CPS-PLATINUM. 


10. A limited number of CPS-SILVER is allocated to every shareholder this month. We apply this limited offer (quota setting) every month to balance the requirement of investment into income generating operations for the company. 


11. Shareholders with at least 10,000 CPS-PLATINUM may subscribe to a maximum of 20,000 CPS-SILVER. 


12. Non CPS-PLATINUM holders may subscribe up to 10,000 CPS-SILVER in March 2013. This quota will be increased over the coming months.


13. A public listing of Silver assets/interests of VGMC will automatically trigger the conversion of CPS-SILVER stocks into common shares that will be listed at zero conversion cost.


We continue to work hard to create value for our shareholders and I trust you agree with me that the above represents an excellent opportunity for our shareholders. Please do not hesitate to contact us through the ticketing system if you require any further information. 


CEO – VGMC

David Barrett

Jumat, 01 Maret 2013

Ucapan Selamat Datang – Direktur Eksekutif (CEO) David Barrett

Pengumuman
Ucapan Selamat Datang – Direktur Eksekutif (CEO) David Barrett
03/01/2013
Para Pemegang Saham yang saya hormati,

Dengan gembira saya memperkenalkan diri saya sebagai Direktur Eksekutif baru VGMC. Saya bertekad untuk melaksanakan tugas dan tanggung jawab yang dipercayakan kepada saya oleh Dewan Direksi dan para pemegang saham kita untuk memimpin korporasi ini menuju kesuksesan serta menjadi merek global pada tahun 2015.

Sasarannya adalah membangun Virgin Gold menjadi operator global dengan fokus khusus di pengelolaan sumber daya alam dan layanan finansial pelengkapnya. Saya bergabung dengan perusahaan ini pada bulan Januari tahun ini, mengambil alih dari Direktur Eksekutif (CEO) Mr. Kenneth Elinger yang pandai bergaul. Hasil kerjanya mengokohkan fondasi bagi Virgin Gold yang memungkinkan saya sekarang untuk membawa bisnis kita ke level selanjutnya. Setelah serangkaian rapat dengan Dewan Eksekutif dan Dewan Direksi selama beberapa bulan lampau, pengangkatan saya menjadi efektif pada tanggal 1 Maret 2013. Perubahan positif baru-baru ini akan Anda perhatikan adalah sebagai hasil langsung dari kajian bisnis dan masukan awal saya sehingga saya bermaksud menjaga penilaian berkesinambungan saya dalam meningkatkan bisnis di masa mendatang.

Kita telah berhasil pada bulan Februari 2013 dengan memungkinkan pemegang CPS-GOLD melaksanakan konversi Opsi mereka tanpa perlu membayar sedikit pun saat ini. Hal ini menciptakan kesempatan luar biasa untuk memperoleh saham pada harga US$0,57 per saham, sambil menyadari bahwa saham-saham ini akan tercatat di bursa pada minimum US$8,00 (sebagai contohnya). Saya akan heran bila Warren Buffet dapat mencapai imbal hasil yang luar biasa seperti demikian.

Kita memiliki basis pemegang saham yang beragam dan global yang kita banggakan. Hal ini mengakibatkan perlunya kejelasan dalam semua komunikasi. Penting bahwa kita semua yang turut serta dalam bisnis ini memastikan penyebaran informasi yang benar lalu memastikan pemahaman intelektual oleh calon pemegang saham tentang bisnis kita sebelum mereka memesan Convertible Preferred Shares, CPS kita. Penawaran CPS-GOLD kita semula dipengaruhi kondisi perbedaan harga sebesar 50% sehingga untuk saham seperti itu sudah pasti akan tercatat di bursa. Kita bahkan telah meningkatkan kondisi ini, memungkinkan para pemegang saham memperdagangkan Opsi mereka tanpa membayar saat ini sehingga hanya membayar perbedaan harga sebesar 5-10% saat para pemegang saham 100% pasti bahwa saham-saham akan dikonversikan ke saham tercatat di bursa. Menurut pendapat saya, konversi CPS-GOLD telah ditangani secara luar biasa serta dengan cara yang akan menciptakan keuntungan dan kekayaan yang maksimum bagi para pemegang saham kami.

Saya secara tak disangka telah diundang menghadiri Konferensi Duta Virgin pada tanggal 20 Februari, tempat saya dapat belajar langsung tentang aspirasi dan pengalaman para pemegang saham terhadap perusahaan kita. Proses belajar saya berlanjut karena saya masih bepergian ke banyak negara di seluruh dunia demi menghadiri rapat pemegang saham supaya memahami isu dan juga menerima saran, dalam hubungannya dengan operasi atau strategi investasi keseluruhan kita.

Selama tukar pikiran saya dengan para pemegang saham dan perwakilannya saya menemukan bahwa telah terjadi kesalahpahaman di pihak para pemegang saham. Hal ini mungkin disebabkan kurangnya pembelajaran dan pemahaman proses tersebut. Ada pemegang saham yang memesan CPS mengira bahwa itu adalah Deposito Berjangka/Tetap. Tentu saja bukan begitu halnya, sebab pemesanan CPS adalah partisipasi secara sukarela dalam bisnis kita sebagai pemegang saham prioritas Virgin Gold sehingga sebagai hasilnya dapat menikmati dividen bulanan berdasarkan kinerja perusahaan dan sifatnya yang bijaksana secara finansial, dikelola dengan baik serta mampu memenuhi kewajiban kontraktualnya.

Tujuan akhir perusahaan adalah mewujudkan pencatatan di bursa saham publik. Saya diberi tugas untuk mencatatkan baik aset Platinum maupun Silver perusahaan kita sehingga komitmen saya adalah mewujudkan hal ini dengan gangguan minimum terhadap bisnis supaya memberi kepuasan penuh bagi pihak terpenting bisnis kita – para pemegang saham.

Untuk memperkuat komitmen ini, kami telah mengubah syarat dan ketentuan Penawaran CPS dengan cara pencatatan CPS-PLATINUM dan CPS-SILVER secara otomatis memicu konversi dari Saham Prioritas ke Saham Umum tanpa perlu membayar perbedaan harga dan/atau biaya lebih lanjut pelaksanaan Konversi Opsi. Kami percaya bahwa konsolidasi ini memberikan rute terbaik dalam mencapai keberhasilan bagi semua pemegang saham kita.

Tantangan terbesar saya sekarang adalah meluncurkan landasan finansial bagi Virgin Gold yang akan membantu dan meningkatkan protokol transaksi, termasuk Penambahan Kredit Lokal dan Internasional serta Transfer Dana Keluar untuk fasilitas Penarikan Kredit bagi para pemegang saham kita. Kita sekarang memiliki basis pemegang saham lebih dari 200.000 sehingga untuk menangani volume transaksi yang kita hasilkan tiap hari, saya memutuskan bahwa kita tidak bisa bergantung pada pihak eksternal untuk layanan tertentu lagi. Layanan operasional utama telah dibuat swadaya (in-house) supaya memberi kita kontrol yang lebih ketat sehingga mengelola bisnis kita secara paling efisien. Telah terjadi isu administratif berulang sehingga saya ingin meminta maaf secara resmi kepada para pemegang saham karena isu-isu ini mungkin tidak ditanggapi oleh manajemen eksekutif secara lebih tegas. Selalu menjadi keseimbangan yang baik untuk menjaga kesinambungan sambil mempertahankan laju melawan ‘masalah tumbuh kembang (growing pains)’ perusahaan yang berkembang pesat seperti perusahaan kita.

Perkenalan resmi saya ke para pemegang saham kita pada tahap ini telah diatur waktunya supaya memungkinkan saya membiasakan diri terhadap bisnis terlebih dahulu sambil menerapkan beberapa perbaikan operasional di belakang layar yang mendesak. Saya berharap terus melanjutkan membuat kehadiran saya terasa positif di seluruh bisnis saat kita memulai fase berikutnya bagi perusahaan kita yaitu pencatatan di bursa saham publik yang amat penting.

Hari ini juga menandai dua tonggak sejarah yang sangat penting bagi Virgin Gold.

Pertama-tama adanya penawaran CPS-SILVER. Sejarah kinerja kita sampai saat ini telah terbukti dengan sendirinya ketika para pemegang saham CPS-GOLD dan CPS-PLATINUM memperoleh kembali investasi awal mereka dalam 6 bulan. CPS-SILVER adalah penawaran CPS kita yang terakhir sehingga dengan demikian merupakan kesempatan terakhir untuk turut serta dalam keberhasilan bisnis kita.

Kedua adanya Hadiah ‘Tantangan Jutaan Dolar’ demi memberikan penghargaan terhadap kesetiaan dan komitmen para pemegang saham terhadap bisnis kita. Tidak masalah berapa banyak uang yang dikeluarkan dalam mempromosikan citra baik dan integritas dari korporasi. Pada akhirnya para pemegang saham merasa puas saat mereka mengeruk keuntungan dari investasi mereka sehingga oleh sebab itu strategi ke depan kita berfokus ke memberikan insentif terhadap para pemegang saham dan imbalan terhadap kesetiaan mereka.

Sebagai Direktur Eksekutif VGMC saya bertanggung jawab terhadap setiap pemegang saham. Saya berkomitmen mewakili kepentingan Anda, melindungi investasi Anda serta memastikan tercapainya kinerja hasil tertinggi senantiasa. Sangat penting pada tahap ini untuk memperkuat pesan bahwa tujuan VGMC adalah untuk apresiasi modal sehingga seperti di semua bidang keuangan dan investasi, harap selalu berkonsultasi dengan penasihat keuangan pribadi Anda sendiri sebelum memulai sebuah investasi.

Saya ingin berterima kasih kepada Dewan Direksi atas kepercayaan mereka terhadap saya dengan pengangkatan saya sebagai Direktur Eksekutif, Dewan Eksekutif untuk dukungan mereka selama tinjauan awal saya serta pengertian dari semua pemegang saham dalam bekerja sama melalui perubahan baru-baru ini. Saya sangat menantikan fase penting berikutnya yang sukses untuk perusahaan kita maka saya berada di sini untuk melayani kepentingan Anda dan membuktikan diri melalui kinerja saya.

CEO – VGMC
David Barrett

Senin, 18 Februari 2013

Appointment of new CEO: David Barrett


Pengumuman
Appointment of new CEO: David Barrett
02/18/2013
Dear Shareholders:

The board of directors is delighted to announce that Mr. David Barrett has been appointed as the new CEO of VGMC effective 1st March 2013.

Mr. Barrett will take over the top executive management role from Mr. Kenneth Elinger whose term of service with VGMC will end on 28th February 2013. The board of directors would wish to express its deep gratitude to Mr. Elinger for his vision and for his excellent performance while in office.

Mr. Barrett, aged 46, who is a Briton, has previously enjoyed a highly successful career in international financial services , funds management and real estate investment.

He has held senior management positions at major international institutions, including Skandia Life and Scottish Mutual Assurance PLC.

Mr. Barrett therefore brings to VGMC a wealth of international financial and business expertise.

The board has full confidence that the appointment of Mr Barrett will assist in bringing VGMC to new heights and in fulfilling its commitment to introduce additional financial products over the coming few years.

Thank you.


Chairman
Ricardo Luigi Oliveira

Selasa, 01 Januari 2013

Announcements Pre-view 2013


Announcements
Pre-view 2013
01/01/2013
Dear Shareholders, Employees and Partners:

The year 2013 is set to supersede 2012 as the best year for Virgin Gold. I am pleased to present to you our plans going forward this coming year and I am very sure that by working together and understanding each other we will achieve and hopefully exceed the goals we set out to meet.

1. Virgin Gold will continue to offer CPS-PLATINUM throughout 2013 and 2014. Speculation that CPS-PLATINUM will be restructured into a fund similar to CPS-GOLD in 2013, following the launch of CPS-SILVER, is without basis and will categorically not happen.

2. CPS-SILVER will be offered in the 1st half of 2013 and will not in any way effect CPS-PLATINUM.

3. CPS-PLATINUM and CPS-SILVER will not be converted to the same terms and conditions of CPS-GOLD. CPS-PLATINUM and CPS-SILVER will be listed without shareholders required to exercise OPTIONs and paying a price difference to upgrade Convertible shares to Common shares. A listing exercise for CPS-PLATINUM and CPS-SILVER will trigger an automatic conversion to common shares that is then fully eligible to be listed. Our external legal consultants are currently drafting new CPS-PLATINUM and CPS-SILVER subscription terms and conditions which we expect to finalize in February 2013 when current shareholders will be officially informed.

4. The company has made detailed plans now in progress to apply for a financial license in preparation for Virgin Gold or its subsidiary to be able to offer new financial products later in 2013. As explained in my previous communication to shareholders, this is also part of our effort to overcome recurring issues with international money transfers.

I will continue to provide regular updates throughout as and when new developments arise. My personal objective this year, based on the feed-back from our shareholder base, is to make sure that our company’s goal and direction are clearly understood. Managing all our expectations, both at corporate and shareholder level, will ensure continued commitment from all of us. Those who considered our company to be just about ‘Gold’ could not have been further from the truth as we continue to build the full depth and breadth of our business. The journey of Virgin Gold has only just begun.

Sit tight. Fasten your seat belt and enjoy the journey!

Regards


Kenneth Elinger
CEO – Virgin Gold Mining Corporation

Senin, 31 Desember 2012

Announcements End of Year Review 2012


Announcements
End of Year Review 2012
12/31/2012
Dear Shareholders, Employees and Partners,

The year 2012 has been significant in the history of our organisation. Our professional investment team now manages our onshore investment via a dedicated listed entity in Europe. CPS-PLATINUM was launched and taken up by over 50% of our existing shareholders. The global shareholder base now exceeds 150,000 in over one hundred countries.

CPS-GOLD has successfully been restructured into a closed-end fund that is to be listed in 2013. This means we are accurately on target with the continuous implementation of our growth strategy as was set out to our shareholders when we started offering CPS-GOLD on 1st January 2010.

The response from our shareholder base has been overwhelming with literally tens of thousands of emails congratulating us on the recent major achievements well ahead of schedule. I am pleased to announce that shareholders will be able to exercise their OPTIONs to fully convert their preferred shares into Common Shares from January 2013. Our advice continues that we are urging shareholders not to miss this window of opportunity during which to exercise their OPTIONs as soon as possible. Net Asset Value (NAV) per share is set to grow month on month based on our investment strategy of dividend reinvestment and capital raised from the OPTIONs exercise. CPS-GOLD is to be listed in 2013, a commitment I can now make with absolute certainty.

CPS-GOLD offers our shareholders the exceptional opportunity of acquiring shares in a listed vehicle at a preferential low price and realise fast and maximum return on their investment in line with month on month per share NAV.

What motivates us to offer this opportunity to our CPS-GOLD shareholders?

1. Corporate Strategy – A corporation is meaningless without the foundation of a strong board of directors, executive board and shareholders. As we have grown, we have been able to attract the best talent onto our Directors and Executive Boards. There is strength in numbers to create the critical mass necessary to give us real investment ‘muscle’ and this is where the constant support of our CPS-GOLD holders has been invaluable in taking this organisation to the level it is at today. So, going forward, we are confident that our shareholders will continue to want to be part of our unique and exceptional team.

2. Corporate Statue – By virtue of its closed-end structure, there is a binding contract between the company and each CPS-GOLD holder that prior to a public listing exercise, the company must provide respective OPTIONs to its Convertible Preferred Shareholders. This is the exercise we are currently under-going, thus giving CPS-GOLD holders the OPTIONs to convert their preferred shares to common shares that can subsequently be listed and freely traded in the open stock market.

There has been considerable external demand to buy into CPS-GOLD but this privilege is currently exclusive to our current shareholders under their preferred OPTIONs only. On completion of the listing, any OPTIONs not exercised by our shareholders may be allocated to non-shareholders, institutional investors and investment banks. In reality, this corporation will ultimately raise more funds by selling its shares to the public prior to listing.

I also want to take this opportunity to address some of the issues raised by a small number of unsatisfied shareholders. The re-structuring has not been without its challenges and in the spirit of transparency I am sharing with you that some shareholders took their complaint, believing that Virgin Gold had not acted properly, to the local regulator. Others tried to take action against their referrer or local payment agent. These are very disappointing incidents to us that we take very seriously and always aim to resolve positively. The regulatory system is there to protect investors, which is why we take great care to observe compliance in the countries we operate and deal with any complaints in a professional and subjective manner.

Firstly, responding to some of the doubts expressed about delivering the results we promised, our company committed to pay a monthly dividend and has not failed to do so for more than two and a half years. Even at this stage CPS-GOLD shareholders’ dividends continue to be paid by way of dividend-reinvested back to the company. Dividend-reinvested is critical for the company in the months prior to listing, enabling us to grow exponentially and increase scales of economy to achieve the highest possible listing price. The underlying value of the corporation will be reflected in its share price and the ultimate beneficiaries are our shareholders.

Secondly, shareholders pay 50% of the difference in price between the latest CPS-GOLD (USD1.70) price and current Net Asset Value (NAV) price. This is part of the contract agreed between all shareholders and the company when originally subscribing to CPS-GOLD.

Thirdly, shareholders exercise their OPTIONs voluntarily and are under no obligation to do so. Those who elect not to exercise their OPTIONS may be eligible for Voluntary Asset Distribution of non-listed assets on listing. We are not currently able to quantify this value or provide further information on this issue at this point in time. Our primary objective is to deliver the OPTIONs created for our preferred shareholders to pay 50% of a product they can in future sell at 100% value in the open market. Shareholders exercising their OPTIONs early will effectively benefit from a return of several hundred percent.

Finally, throughout the corporate restructuring exercise in the last quarter of 2012, Virgin Gold has been transparent and kept its shareholders fully informed of the various steps taken in the progress of our business. It is the interest of the majority shareholders that has and will always be at the centre of our strategy and decision-making.

We learn from past experience to improve in the future. Our corporate objectives have been achieved to the satisfaction of the majority of our shareholders from more than 100 countries. It is always important to manage investors’ expectations and communicate with clarity to ensure the terms and conditions of the CPS-GOLD subscription are clearly understood and interpreted. Unfortunately it is not possible to change the original terms that apply to all for the sake of individual disgruntled shareholders. As a company we are obliged to apply proper corporate governance to protect the future of our business and attain maximum benefit for our majority shareholders.

We have made great strides for our business this year and with the lessons learnt we are now better equipped for the opportunities and challenges we currently face and in the future. Consequently we are now reviewing the terms and conditions of our CPS-PLATINUM offering with our legal team to ensure CPS-PLATINUM holders will not pay a price difference to convert preferred shares into common shares during a future public listing exercise.

Concluding 2012 on a positive note with the successful, it has been the greatest pleasure of this management to serve you. Representing the Board of Directors and Executive Board I would like to pay our special tribute to every single one of our considerate shareholders, employees and partners for your continuous support.

Thank you!


Kenneth Elinger
CEO – Virgin Gold Mining Corporation

Sabtu, 01 Desember 2012

The VGMC Transformation


Pengumuman
Transformasi VGMC
12/01/2012
Steve Jobs pernah mengatakan akhir, "Beban berat sebagai orang sukses tergantikan oleh keleluasaan sebagai pemula lagi, kurang yakin tentang segala sesuatu. Hal itu mengantarkan saya untuk memasuki salah satu periode paling kreatif dalam hidup saya. "

Pemegang Saham yang terhormat,

Saya senang mengumumkan bahwa kami telah mencapai konversi sukses CPS-GOLD ke dalam struktur profesional yang akan memungkinkan untuk dicatatkan dalam 12-15 bulan ke depan. Selamat kepada semua orang yang terlibat dan terutama tekun kami, pemegang saham mendukung dan matang.

Dalam kelompok VGMC, pemegang saham telah terus berlangganan CPS-PLATINUM sejak penawaran awal pada bulan Oktober tahun ini. Tanggapan telah besar dan ekspresi menyambut kepercayaan investor kami terus-menerus dalam portofolio kami. Rasanya seperti awal lagi. Tanpa ragu-GOLD CPS adalah salah satu investasi terbaik yang ditawarkan untuk tanggal dan CPS-PLATINUM diatur untuk melampaui kinerja ini.

Andrew Grove, CEO Intel Corporation yang membantu mengubah perusahaannya menjadi produsen terbesar di dunia semikonduktor, pernah berkata, "Sebuah perusahaan adalah organisme hidup, melainkan harus terus menumpahkan kulitnya. Metode harus berubah. Fokus harus berubah. Nilai harus berubah. Jumlah total dari perubahan-perubahan tersebut adalah TRANSFORMASI. "

Dewan direksi kami dan tim eksekutif percaya bahwa VGMC adalah dalam proses TRANSFORMASI tersebut. Mesin yang sangat penting dari transformasi ini tidak lain adalah pemegang saham kami yang terus-menerus mengharapkan dan mengilhami kita untuk terus merenovasi, menemukan kembali, memfokuskan kembali dan kembali tujuan organisasi baru. Komentar Anda, kritik, masukan cerdas dan analisis menginspirasi organisasi ini berubah menjadi sebuah perusahaan yang transparan dan finansial layak maju.

Virgin Gold akan terus menawarkan CPS-PLATINUM dan kita sudah melihat ke dalam kemungkinan menawarkan CPS-SILVER, sedini 1 setengah tahun 2013.

Tantangan terbesar yang kita hadapi adalah karena faktor eksternal dalam kaitannya dengan menyeberangi perbatasan transfer uang. Ketika saya menjadi CEO VGMC, saya menempatkan ini sebagai salah satu prioritas utama saya dan masih ada kemajuan lebih banyak yang harus dilakukan di depan itu. Masalah berulang dengan Wire Transfer Incoming dan Outgoing Pembayaran tidak selalu dapat diselesaikan dengan sukses, yang mempengaruhi hingga beberapa 5% dari pemegang saham kami. Masalah ini tidak unik untuk perusahaan kami, yang merupakan kesulitan yang umum untuk semua organisasi global penanganan transaksi perbatasan lintas uang dari berbagai sumber. Internasional kerangka regulasi keuangan telah menjadi jauh lebih ketat sebagai negara di seluruh dunia terus berjuang dengan mengatasi terdokumentasi mereka masalah utang dan kebijakan keuangan tidak efektif. Hal ini penting bagi kami untuk menghindari pengalaman negatif untuk beberapa pemegang saham kami dan menganggap bahwa sangat penting bagi kita untuk melindungi diri kita sebaik mungkin dari dampak buruk dari keadaan eksternal.

Kami percaya bahwa cara terbaik untuk mengatasi masalah ini adalah untuk tumbuh menjadi sebuah lembaga mandiri keuangan. Kami menghargai kekuatan inti VGMC bukanlah di bidang keuangan tetapi dalam pengelolaan sumber daya alam dan investasi kami telah membuktikan sejauh ini. Namun, mengambil inspirasi dari Andrew Grove, kami tahu akan maju VGMC telah berubah dari sebuah perusahaan investasi sumber daya alam menjadi lembaga keuangan.

"Di tengah kesulitan," kata Albert Einstein "terletak peluang." VGMC memiliki elemen yang paling penting untuk menjadi lembaga keuangan yang sukses menawarkan berbagai jasa keuangan. Memanfaatkan peluang dan potensi dari tujuan kita akan menyajikan tantangan sepanjang jalan. Kami akan melalui proses yang kompleks dan dewan eksekutif kami bertugas mengarahkan kita dengan aman melalui restrukturisasi perusahaan yang kuat dan berkelanjutan yang akan memastikan ini adalah perjalanan yang berharga bagi kita semua.

Komitmen kami setiap saat adalah untuk pemegang saham kami dan kami mengerti sepenuhnya tanggung jawab menjaga on-going dukungan Anda. Setiap keputusan dan rencana kami sedang melaksanakan telah dipertimbangkan untuk memastikan manfaat kepada para pemegang saham dalam jangka panjang. Dewan Eksekutif kami akan terus pemegang saham mengenai kemajuan dan tonggak dicapai pada setiap saat sepanjang bulan-bulan mendatang.

Atas nama Dewan Direksi dan Dewan Eksekutif, saya ingin mengucapkan terima kasih setiap pemegang saham untuk dukungan mereka berlangganan CPS-PLATINUM dan dukungan untuk masa depan yang berkelanjutan dari perusahaan kami.


Kenneth Elinger
CEO
Virgin Gold Mining Corporation

Web Upgrade


Announcements
Web Upgrade
12/01/2012
Dear Shareholders,

Our IT team will be upgrading Virgin Gold website and system throughout the month of December.

For smoother upgrading executions, we will carry out such upgrading in stages. We apologized for any inconveniences caused. Thank you for your understanding and support.


Matthew Jacobsen
Virgin Gold Mining Corporation
Vice President – Investor Relations & Public Listing

Minggu, 18 November 2012

Annual Gala Dinner Invitation FINAL Reminder


Press Release

Annual Gala Dinner Invitation FINAL Reminder
November 16th, 2012

All CPS-PLATINUM shareholders are reminded to login to their shareholders account and confirm their participation in our annual gala dinner in Singapore on 2nd of December and in Dubai on 8th of December 2012.

Invitation will be closed this Sunday, 18th of November 2012.

Thank you.


Matthew Jacobsen
Vice President – Investor Relations
Virgin Gold Mining Corporation