East Cape Mining Corporation

Why Invest in Gold?

Ever since the discovery of Gold, Gold has played a very major role in structuring government policies and affecting financial market movements. It is more than just another commodity; it is the currency that has evolved the market place over the last 5,000 years. Gold and silver are the only currencies not created and controlled by the governments.

Gold is known to be the basic foundation for all long term savings and investment plans. For centuries, investors have invested in gold as a measure taken to hedge their assets. This is especially true in times of financial crisis. Therefore, due to the stability, gold price is a very attractive investment in every investor's portfolio.

Today's government currencies are FIAT currencies. A FIAT currency is a currency brought into existence by government decree. The value of gold, on the other hand, is independent of any government laws. Unlike FIAT currencies, gold is accepted as valuable without needing protection of law.

 

Portfolio Diversification
Gold has gradually turned into an important asset for investors looking to diversify their portfolio. Portfolio diversification is distributing one's wealth into different asset classes like cash, debt, equity, property, gold, bonds and so on. These asset classes have a certain return expectation and risk attached to it.

Portfolio diversification refers to reducing investment risk by purchasing a variety of assets. It is suggested that 5% to 15% of the investment portfolio should contain this precious metal.

 

Inflation Hedge
Gold is renowned as a hedge against inflation. The most consistent factor determining the price of gold has been inflation - as inflation goes up, the price of gold goes up along with it. Since the end of World War II, the five years in which U.S. inflation was at its highest were 1946, 1974, 1975, 1979, and 1980. During those five years, the average real return on stocks, as measured by the Dow, was down 12.33%; but on the other hand, the average real return on gold was up 130.4%.

 

Currency Hedge
Gold has retained its role as a monetary asset. Central banks around the world still hold around 12 per cent of their reserves in gold, and some private individuals even use gold to settle payments. However, gold is not "issued" by any particular government and is not beholden to any political regime. In this sense, it is a truly global, international currency, free of political or national association and liability.

 

Risk Management
In general, gold is considered a low risk investment because its price is typically not very volatile. The gold price tends to fluctuate not more than the world's largest blue-chip stock market indices like the S&P 500. That is why many investors with low-risk profiles are attracted to gold. However, investors in high risk assets also find gold useful because they can use it as a leverage to manage their risk.

 

Demand and Supply
A total of 165,000 tonnes of gold, roughly equivalent to 5.3 billion troy ounces, have been mined from the beginning of human history to 2009. Observation of the annual western world gold demand provides a picture of accelerated growth. It is noticed that while the demand of gold is growing, mine production remains relatively low. Gold demand is increasing 1.9 times faster than its annual supply, causing the price of gold to surge dramatically over the years.

A Leading Producer of Gold

Founded in 2005 in Samoa, East Cape Mining Corporation has grown rapidly into a leading global mining company focused on exploration, mining and smelting of gold and base metals with significant gold production, gold development stage properties and exploration properties.

Our main business portfolio consists mainly of high-quality gold mining assets, with significant interests in copper cathodes, zinc, iron ore, metallurgical coal, thermal coal and silver deposits. At the same time, we have established mining and industrial businesses in both the old and new gold-producing regions of the world.

Headquartered in London, United Kingdom, with approximately 800 employees worldwide, the company runs a number of exploration programs in South Africa and Australia. We plan to continue to build our business through expanding existing operational mines, increasing throughput, development of new mines, the advancement of current exploration properties and targeting other gold consolidation opportunities.

As a world-class business, we bring together an exceptional mix of quality and low-cost resource assets, complemented by a strong management team determined to operate our assets in an efficient manner.

In every location in which we operate, we strive to generate lasting benefits. Today, our commitments to safety, operational excellence and sustainable development are stronger than ever. These commitments support our ambition to become the leading global mining company.

Our Vision

We envision ourselves to be one of the global leading mining companies through the acquisition, development and production of quality assets and reserves in a safe, profitable and socially responsible manner.

 

Our Mission

We aim to create value for our shareholders, our business partners and our employees through our exploration programs, mining, and marketing of our products in a safe and responsible manner. While our primary focus is gold, we will also pursue value creating opportunities in other minerals where we can leverage on our existing assets, skills and experience.

 

Our Commitment

We are committed to maximising our shareholders' benefits through the discovery, acquisition and development of gold reserves, and the operation of profitable mines. We strive to achieve the highest standards in the operation of our mines and to minimize any negative impacts on the environment while ensuring we cooperate with our host communities. Furthermore, we are determined to create a safe working environment for our employees and to provide them with opportunities to maximize their potential in their given areas of expertise.

 

Our Approach

In order to achieve our goals, we will actively strive to manage and build on our portfolio of high quality assets and services in order to achieve real growth across all key measures. We work towards building a performance driven organization in which every individual accepts responsibility and is rewarded for their performance. We are also dedicated to earn the trust of our employees, customers, suppliers, communities and shareholders by being forthright in our communications and consistently delivering on our commitments.

IPO

An IPO is the fastest way for any company to gain capital excess for business expansion and growth. By becoming a publicly traded company, our intention is to take this advantage to capture newer and larger opportunities to start working towards worldwide expansion.

 

As our company is based in a tax friendly offshore jurisdiction and business friendly environment, ECMC is better positioned and more flexible than our competitors to invest and develop more onshore operations. Our goal is to grow this corporation into a global industry leader which can return good and consistent dividends to all our shareholders.

 

ECMC foresee us launching an IPO by year 2015 if the environment is conductive. By then, CPS holders will be able to convert their CPS into public traded common shares. The shares which they currently subscribe with ECMC will potentially appreciate several times over after the IPO.

Gold Mining

Exploration has always been the priority in ECMC's growth strategy. Our exploration team consists of more than 150 professionals who are mainly based in different parts of Africa and Australia.

 

The process of gold mining from exploration to production takes an average of 8 to 13 years.

 

Stage 1: EXPLORATION
Duration: 3 – 5 years
Objective: To determine the existence of the minerals

During the exploration phase, ground sampling will be conducted. And at the same time, our exploration professionals will also initiate talks with the local community to establish a better understanding of their needs and environmental concerns.

 

Stage 2: DEVELOPMENT
Duration: 3 – 5 years
Objective: To study and design the viability of the mining area

During the development stage, feasible studies are conducted to ensure the mining process is economy viable. This includes the mining method, mineral recovering process and closure consideration.

Extensive environmental tests and experiments are conducted to generate a series of data for the submission to the Environmental Impact Assessment (EIA) through the local authority.

 

Stage 3: CONSTRUCTION & TRAINING
Duration: 2 – 3 years
Objective: To construct mining and infrastructure facilities according to the approved design.

Hiring trained and responsible local residents and stakeholders is ECMC's top priority. Trainings and education will be provided to ensure that the construction team works using environmental friendly methods.

 

Stage 4: MINING & PROCESSING
Duration: 10 – 40 years of lifespan, averagely

All the mining that ECMC is involved in is strictly environmental friendly and comply with the local and international standards.

From time to time, the employees are required to undergo relevant practical and theory courses, to increase healthy and safety working environment.

 

Stage 5: RECLAMATION & CLOSURE

During this stage, research will be executed to identify the best reclamation practice. Although reclaimed mines are not profitable to the company, it is of utmost importance to turn it into a productive ecosystem.

 

Africa

Africa is renowned as the world's major gold producer, second to China. According to the US Geological Survey in 2009, South Africa alone produced 210 metric tons of gold.

 

In recent years, Tanzania and Mali have joined in the ranks to become Africa's latest gold producers. Several mines have been commissioned or are in final feasibility stages. However, in spite of all these recent developments, Ghana is still ranked as the top producer of Gold in Africa.

 

It is estimated that South Africa has 6,000 metric tons of gold reserves. Out of all the mines, 90% - 95% of South Africa's gold mines are underground operations, which can reach to the depth of over 3.8km. This created an increase in the cost of operation. However, steps are taken to reduce the cost of the operation, such as the acquiring of new major projects, introduction of more advanced technologies, new implementation of work organization and new commercial innovation.

 

Through the years, ECMC have successfully built an alliance with several local and international companies, to explore and commence the mining operation. This is done in order to minimize the operating costs and to maximize the chances of success.

 

Currently, ECMC and its alliance members have successfully explored a few new sites for mining production in Africa. It is vital for us to maintain our presence in Africa mining industry. Nevertheless, we promise to uphold our commitment towards the environmental, community and economy development.

 

Australia

Australia is rising to be the world's third largest producer of commodities in the world. Due to its unique geology and size, Australia's mineral potential remains at the height compared to others countries.

 

Australia is the home to approximately 10% of total world economy gold resources. Most of the Australia's gold resources are located in Western Australia.

 

The mining activities in all of its states and territories of Australia have earned Australia with the name of "quarry". Significant areas that still actively operating today include the Goldfields, Peel and Pilbara regions of Western Australia, the Hunter Valley in New South Wales, the Bowen Basin in Queensland and Latrobe Valley in Victoria and various parts of the outback. Places such as Kalgoorlie, Mount Isa, Mount Morgan and Coober Pedy are known as mining towns.

 

80% of Australia's gold production comes from open-pit mine. However, underground mining methods will be used if the open-pit mining method is deemed uneconomical. Technological enhancements like Vertical Shafts and Spiral Tunnels, it serves a dual function to provide both better ventilation and as a transportation channel for people and equipment.

 

Credits to the Australia's mining technology, ECMC have benefited significantly even though we have just embarked on our venture into the country.

 

Due to the economic and political stability in Australia, ECMC and its alliance members manage to continue its explorations and operations presence in the country.

 

 

What We Offer

ECMC is undertaking an exercise of issuing new Convertible Preference Shares (CPS). We sincerely invite any willing investors from all around the world to take up this offer. The offer will be subject to the time limit and capital needed for new expansion.

 

Preference Shares
Preference Shares are generally considered to be less volatile than common stock. Preference Shareholders do not own any voting rights, but may carry a dividend and may have priority over common stock in the payment of dividends and upon liquidation. Preference Shareholders may also be "callable," which means that the company can purchase shares back from the shareholders at any time for any reason, usually at a favourable price.

 

Another advantage that Preference Shareholders have is that they receive their dividends before common stockholders. Preference Shareholders receive fixed and regular dividend payments for a specified period of time, unlike the variable dividend payments sometimes offered to the common stockholders.

 

It is important to take note that the fixed dividends depend on the company's ability to pay as promised. In the event that a company declares bankruptcy, Preference Shareholders are paid before common stockholders.

 

Convertible Preference Shares (CPS)
One of the most common forms of investment for private equity, especially venture capital and expansion is CPS. CPS is a type of stock, which can be exchange with the predetermined number of company common stock.

 

ECMC CPS

• Can be converted into Company's Common Stock, at the point of time when the company decided to be IPO listed. It can be converted by topping up 20% to 40% of the price of the common share market price.
  
  
• Holders do not have any voting rights.
  
  
• Holders are entitled to a monthly fixed dividend payment, depending on the amount agreed at the time of subscription.
  
  
• Holders are not allowed to interfere in the daily operation and decision making of ECMC. Our company have a very experience management and professional team to take care of it.
  
  
• Holders may choose to unsubscribe their shares by giving 45 days' notice in advance to the company, for a full refund of the subscription amount.

Why It Works

ECMC Convertible Preference Share (CPS) is a "win-win" platform for both the shareholders and company.

 

For Shareholders

• ECMC CPS holders are entitled to a monthly fixed dividend. However, these dividends are paid in terms of grams of gold, which can be convertible into monetary value at the spot gold price, at any point of time.
  
  
• ECMC CPS holders will be given an amount of capital and an interest free account, in order to hold paper gold up to 3 times their shares' subscription value. This is another method to shorten the time of returns.
  
  
• ECMC CPS holders may convert their shares into Common stock when ECMC decided to go IPO listed. However, if the shareholders choose not to do so, they will be refunded according to their subscription price.
  
  
• ECMC CPS holders are entitled to other incentives that ECMC offered; should the existing shareholders refer a new shareholder to the company.
  
  
• ECMC CPS holders may unsubscribe their shares by giving 45 days' notice to the company.
  
  

For Company

• New influx of capital from shareholders enables the company to expand its operation to more places.
  
  
• As ECMC is aiming for an IPO, we will require a higher turnover and more cash liquidity. Hence, the issue of CPS plays a major role in raising this capital.
  
  
• ECMC convertible shareholders will not be allowed in the decision making of the company's daily operations. This will provide the management and operation teams the ability to more efficiently execute and make decision.

 

 

Risk Factors

There is minimum risk in subscribing to ECMC Convertible Preference Stock (CPS). Why do we say so?

 

First of all, you are allowed to unsubscribe the CPS at any point of time. You only have to provide 45 days written notice in advance to ECMC. This safeguards the shareholders' monetary, as they can choose to unsubscribe to CPS when they are in need of cash and/or is dissatisfied with the company.

 

Secondly, in the cases of the gold price tumble, shareholders will not be in loss as the dividend is distributed in terms of gold. ECMC will not suffer any difficulties as we hold large deposits of gold.

 

Thirdly, according to the past records, gold's price is relatively higher this year as compared to yesteryear.

 

The possible risk that ECMC shareholders may face is in an event of ECMC becomes bankrupt. Such incident will only occur if ECMC runs out of mining resources and have no new exploration being carried out through the mismanagement of the company.

 

ECMC management and field team are very professional and experience in handling the daily's operation and decision making. Together with our corporate values, governance policy and structure, it further ensures that decisions are evaluated and monitored at every level in this corporation. Thus the risk of ECMC cease its operations are next to zero.

 

In the event of liquidation, CPS holders still has the priority of the distribution of company's assets over common stockholders. Hence, risk of CPS holders losing their investment is greatly reduced.

 

ECMC sincerely advise any potential investors to receive advice from qualified local financier and also, legal advisor before subscribing to ECMC CPS.

 

 

TERMS AND CONDITIONS

 

YOU MUST READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE USING THE ACCOUNT. BY REGISTERING TO USE THE ACCOUNT, ACCESSING THIS WEBSITE, THE PAGES CONTAINED ON IT, AND THE PRODUCTS, SERVICES, INFORMATION, TOOLS, ACCOUNTS AND MATERIAL CONTAINED OR DESCRIBED HEREIN (‘ Internet Site’), YOU SHALL BE DEEMED TO HAVE ACCEPTED AND BE BOUND BY ALL THESE TERMS AND CONDITIONS.

 

ACCOUNTS

 

East Cape Mining Corporation Limited (‘ECMC’ which expression shall, where the context allows or requires, include its successors and assigns) shall provide subject to these Terms and Conditions online services and facility from time to time (the 'Account') through any Internet site established, operated and/or maintained by or on behalf of ECMC ('Internet Site') to enable shareholders (each a 'Shareholder' which expression shall, where the context requires, include any personal representative or lawful successor of the Shareholder) to give instructions to and communicate with ECMC for the purposes of conducting investment and other transactions and dealings of various nature and obtaining services, products, information, goods, benefits and privileges from ECMC .

 

As part of the Account, ECMC may make available via any Internet Site financial, market or other information and data ('Information') supplied by any person (each an 'Information Provider' which expression shall include any person who supplies any information to an Information Provider) and may provide reports compiled from Information in any form, medium or means ('Reports').

 

ECMC has the right to determine and vary from time to time the scope and type of the Account to be made available including, without limitation : -
expanding, modifying or reducing the Account at any time;

 

imposing and varying any restrictions on the use of the Account such as minimum and maximum amount with respect to the value of any transaction or dealing or any type of transactions or dealings which the Shareholder may conduct by using the Account;

 

Prescribing and changing the service hours during which the Account are available and any cut-off time for any type of transactions. Any transaction of the Shareholder received by ECMC after any applicable cut-off time shall be deemed to be received on the next business day. ECMC may specify business day and cut-off time ; and

reducing or re-setting a transaction limit (whether designated by the Shareholder or ECMC ) to a lower value or down to zero if the Shareholder has not utilized the relevant Account(s) for a period of time that ECMC may designate from time to time.

 

GOVERNING TERMS AND CONDITIONS

The Account provide an additional means for the Shareholder to operate accounts, conduct transactions and dealings and obtain services, products, information, goods, benefits and privileges from ECMC as shall be made available from time to time. Transactions and dealings effected by using the Account are subject to these Terms and Conditions and other related terms issued by ECMC including the Privacy Policy and Terms of Use currently published on the Internet Site of ECMC where the Account are provided. All other terms and conditions governing the relevant accounts, transactions, dealings, services, products, information, goods, benefits or privileges shall continue to apply but where there is any discrepancy, these Terms and Conditions shall prevail for the purposes of the Account.

 

USE OF THE ACCOUNT

To access the Account for the first time, the Shareholder is required to register online and indicate his acceptance of all the terms and conditions governing the use of the Account and to provide such information as ECMC may reasonably specify for identifying him.

 

By registering to use the Account, the Shareholder warrants that all information provided by the Shareholder to ECMC in relation to the Account is true, complete and up-to-date.

 

The Account is for the sole and exclusive use by the Shareholder.

 

The Shareholder shall not use or knowingly allow any other person to use the Account, the Information and/or the Reports for or in connection with any illegal purpose or activity. The Shareholder shall notify ECMC as soon as practicable if he becomes aware of such use.

 

Any exchange rate, interest rate, dealing rate and other prices and information quoted by ECMC on the Internet Site(s) or otherwise in response to an online inquiry is for reference only and is not binding. Any rate, price and information offered by ECMC for the purpose of the relevant transaction shall be binding on the Shareholder upon the Shareholder confirming his acceptance irrespective of any different rate, price or information quoted by ECMC.

The Shareholder acknowledges that there may be a time lag in transmission of transaction, information or communication via the Internet.

 

SHAREHOLDER ID AND PASSWORD.

 

The Shareholder shall follow the guidance provided by ECMC online in designating the user identification code (the 'Shareholder ID') and the password ( the 'Password') and other credentials (if any) ECMC may prescribe for identifying the Shareholder for the purposes of the Account.

 

The Shareholder may change the Password at any time but any change shall be effective only if accepted by ECMC.

 

Each Shareholder ID, Password, and Credential shall herein be referred to as an "Identifier" and collectively "Identifiers".

The Shareholder shall act in good faith, exercise reasonable care and diligence in keeping all the Identifiers in secrecy. At no time and under no
circumstances shall the Shareholder disclose any Identifier to any other person.

 

The Shareholder shall be fully responsible for any accidental or unauthorized disclosure of any Identifier to any other person and shall bear the risks of any Identifier being used by unauthorized persons or for unauthorized purposes.

 

Upon notice or suspicion of any Identifier being disclosed to, and/or being compromised by any unauthorized person or any unauthorized use of the Account being made, the Shareholder shall notify ECMC as soon as practicable by using the messaging system or email at such email address(s) as ECMC may from time to time prescribe (and ECMC may ask the Shareholder to confirm in writing any details given) and, until ECMC 's actual receipt of such notification, the Shareholder shall remain responsible for any and all use of the Account by unauthorized persons or for unauthorized purposes.

 

SHAREHOLDER 'S TRANSACTIONS

The Shareholder is required to quote any one or more of the Identifiers as shall be prescribed by ECMC from time to time in order to log-on to the Account and do transactions through online facilities. Transactions in connection with the Account shall not be considered to be received by ECMC unless they are given in such manner as ECMC may prescribe from time to time and until ECMC has actually received them.

 

Any transaction in connection with the Account by quoting the Identifiers as prescribed by ECMC, once given, may not be rescinded or withdrawn without the consent of ECMC. All such transactions, as understood and acted on by ECMC in good faith, shall be irrevocable and binding on the Shareholder whether given by the Shareholder or by any other person purporting to be the Shareholder. ECMC shall be under no duty to verify the identity or authority of the person doing such transaction or the authenticity of such transaction apart from verifying the Identifiers provided or submitted.

ECMC will only act on a transaction insofar as it is in ECMC’s opinion practicable and reasonable to do so and in accordance with its regular business practices and procedures.

 

Advice or confirmation that a transaction has been received and/or a transaction has been effected through the Account will be provided by ECMC online. Such advice or confirmation shall be deemed to have been received by the Shareholder immediately after transmission and it is the duty of the Shareholder to check such advice or confirmation. It is also the duty of the Shareholder to enquire with ECMC if the Shareholder does not receive an advice or confirmation within the time usually required for a similar advice or confirmation to be received.

 

Information relating to any account or transaction made available on the Internet Site(s) are for reference only. ECMC’s records of such account and transaction shall be conclusive unless and until the contrary is established.

 

Where ECMC knows of or suspects a breach of security or other suspicious circumstances in respect of or in connection with the operation of one or more of the accounts of the Shareholder or the Account generally, ECMC may, in its absolute discretion and without any liability, refuse to act on or delay acting on the transaction and in that event, ECMC will, to the extent possible, inform the Shareholder as soon as practicable.

 

SHAREHOLDER'S UNDERTAKINGS AND RESPONSIBILITIES

The Shareholder shall provide such information as ECMC may from time to time reasonably request for the purposes of providing the Account. The Shareholder shall also ensure that all information provided to ECMC is at all times accurate, complete and up-to-date including, without limitation, the Shareholder’s address and other contact details.

 

Shareholder understands that ECMC needs to and so authorizes ECMC to process, share, and store or transmit information about the Shareholder, the Shareholder’s account(s) and/or the transaction(s) executed by ECMC on the Shareholder’s behalf within the ECMC network or with any institution or agent or third party used by ECMC in connection with the Account. ECMC undertakes that any such processing, sharing, storage or transmission of information will be done on a confidential basis and ECMC will endeavour to maintain the strict confidentiality of such information within the ECMC network unless (a) otherwise required or permitted by any applicable law, regulation or request of any public or regulatory authority; or (b) disclosure is required for the purposes of preventing fraud; or (c) ECMC deems disclosure necessary to provide the Account.

 

The Shareholder shall not, and shall not attempt to decompile, reverse-engineer, translate, convert, adapt, alter, modify, enhance, add to, delete or in any way tamper with, or gain access to, any part of the Account or any Internet Site or any software comprised in them.

 

The Shareholder acknowledges that it is the responsibility of the Shareholder to determine independently market prices and rates for trading purposes through his usual trading channels, to verify any Information and/or Report before relying or acting on it and to seek independent professional advice on legal, tax and other issues in connection with the use of the Account, the Information and the Reports, these Terms and Conditions and any transactions and dealings which may affect the Shareholder under all applicable laws.

 

INFORMATION AND INFORMATION PROVIDERS

 

The Shareholder acknowledges and agrees that the Information, the Reports and their form, format, mode or method of compilation, selection, configuration, presentation and expression (collectively 'Confidential Information') are trade secrets and confidential and proprietary property of ECMC and the respective Information Providers.

 

Unless expressly permitted by these Terms and Conditions, the Shareholder shall not, and shall not attempt to : -

sell, transfer, disclose, assign, convey, lease, sub-license, share, loan, distribute, transmit, broadcast, cablecast, put in circulation, download, reproduce, duplicate or otherwise provide or disseminate any Confidential Information in any form or by any means to any other person or commercially exploit any Confidential Information;

remove, obliterate, erase, relocate or modify in any way any proprietary marking on or appearing with the Confidential Information including, without limitation, any trademark or copyright notice; or

incorporate or combine the Confidential Information with any other programs.

 

The restrictions on disclosure shall not apply to any Confidential Information : -

where its disclosure is compelled by law but only to the extent required by law and only after written notice of the requirement to disclose has been given by the Shareholder to ECMC ; or

where ECMC has expressly agreed in writing to its disclosure.

 

The Shareholder agrees that all right, title and interest in and relating to the Confidential Information and any and all related copyright, patent, trademark, service mark, proprietary property, trade secrets and exclusive works are and shall remain the exclusive property of ECMC and the respective Information Providers. No right, title or interest other than the right to access the Information and the Reports subject to these Terms and Condition is conveyed or transferred to the Shareholder. The Shareholder shall not make any representation or do any act which may be taken to indicate that the Shareholder has any such right, title or interest.

 

An Information Provider may impose from time to time terms and conditions in relation to the availability of any Information supplied by it. Access to such Information by the Shareholder on or after the effective date, subject to prior notification, of such terms and conditions shall constitute the Shareholder's acceptance thereof.

 

The Information and the Reports are made available for reference only and are not intended for trading or other purposes. Neither ECMC nor any Information Provider shall be considered an investment adviser to the Shareholder.

 

Neither ECMC nor any Information Provider warrants, represents or guarantees the sequence, accuracy, truth, reliability, adequacy, timeliness or completeness of any of the Information or the Reports or whether it is fit for any purpose. Nor does either of them assume any liability (whether in tort or contract or otherwise) for any reliance on the Information or the Reports by the Shareholder or any other person.

 

No warranty, representation or guarantee of any kind relating to the Information and/or the Reports is given or may be implied and no employee or agent of Shareholder or any Information Provider is authorized to give any such warranty, representation or guarantee.

 

VARIATION AND TERMINATION

 

ECMC may, at any time, without giving notice or reason, suspend or terminate all or any of the Account or their use by the Shareholder.
The Shareholder may terminate the use of the Account at any time by giving to ECMC 45 days prior notice to recover up to no more than 100% of the total investment made.

 

“Paper Gold Quantity (g)” in “Gold Trading” section must to be 0(Zero) before any Shareholder wishes to terminate the use of the Account.
If “Trading Profit/Loss” is negative, 45 days prior notice will begin on the day which the Shareholder makes payment to the company for the losses incurred.

Shareholder can recover a maximum of 100% of total investments made. Final refund amount will be after deduction of any Bonuses, Dividends and/or Trading Profit received.

 

AMENDMENTS

ECMC may revise these Terms and Conditions and/or introduce additional terms and conditions at any time and from time to time. Any revision and/or addition to these Terms and Conditions shall become effective subject to ECMCgiving reasonable notice to the Shareholder which may be given by posting it on the Internet Site(s) or by display, or other means as ECMC thinks fit, and shall be binding on the Shareholder if the Shareholder continues to maintain or use the Account on or after the effective date of variation.

 

COMMUNICATION

ECMC shall be entitled to prescribe, from time to time, the form of notice (whether electronic media or any other form) and the mode of communication with respect to each type of notice to be given pursuant to these Terms and Conditions.

 

SEVERABILITY

Each of the provisions of these Terms and Conditions is severable and distinct from the others and, if at any time one or more of such provisions is or becomes illegal, invalid or unenforceable in any respect under the laws of any jurisdiction, the legality, validity or enforceability of the remaining provisions shall not be affected in any way.

 

WAIVER

No act, delay or omission by ECMC shall affect its rights, powers and remedies under these Terms and Conditions or any further or other exercise of such rights, powers or remedies. The rights and remedies under these Terms and Conditions are cumulative and not exclusive of the rights and remedies provided by law.

MISCELLANEOUS

Unless the context otherwise requires, 'person' includes an individual, firm, company, corporation and an unincorporated body of persons.
In these Terms and Conditions, references to the singular herein include the plural and vice versa and clause headings are included for convenience only and do not affect its interpretation.

 

GOVERNING VERSION

The English version of these Terms and Conditions shall prevail wherever there is a discrepancy between the English version and the Chinese version.

Contact InformationECMC welcomes your questions regarding the personal information we may collect and/or comments regarding this terms and conditions. Our contact details are as follows: customerservice@eastcapemc.com

PRIVACY POLICY

 

This privacy policy covers ECMC treatment of personally identifiable information that we collect from you when you access this website, or contact ECMC requesting information, services, or customer support. By "personally identifiable information", we mean your name, address, telephone number(s), email address, identification numbers, identification documentation, and banking information. This policy also applies to ECMC treatment of any personally identifiable information that our business partners share with us. This policy does not apply to the practices of companies that ECMC do not own or control or to people that we do not employ or manage.

 

ACCEPTANCE OF PRIVACY POLICY

By accessing and using this website you are deemed to accept ECMC Terms & Conditions, as well as the terms of ECMC Privacy Policy.

 

INFORMATION COLLECTION AND USE

 

ECMC may collect personally identifiable information from you when you submit a form on our site, email or write to us requesting information or services or customer support. ECMC may also receive personally identifiable information from you when you use our products and services or from our business partners. ECMC do not collect any personally identifiable information when you are on our site before you login. ECMC only use personally identifiable information to fulfil your requests for information or to render products or services to you.

 

INFORMATION SHARING AND DISCLOSURE

 

ECMC will not sell or rent your personally identifiable information to anyone. ECMC will send personally identifiable information about you to other companies or people only when:

We have your consent to share the information; or

We need to share your information to provide the service or product you have requested; or

We need to send the information to companies who work on behalf of our company to provide a service requested by you (unless we otherwise notify you when we collect such information, these companies shall not have any right to use the personally identifiable information we provide to them beyond that which is reasonably necessary to assist us with responding to your request); or

We respond to subpoenas, court orders or legal process; or

We find that your actions on our web sites violate the terms of service, or any of our usage guidelines for specific services.

 

In order to provide the information or services you have requested from ECMC, we may transfer or store your personally identifiable information on computer equipment or in offices that are located across countries or jurisdictions, and may be managed and processed by ECMC internally as we please and you are deemed to consent to the same.

CONTACTING US

If you have any queries about your personally identifiable information we hold or you wish that information to be updated or deleted, please send an email to privacypolicy@eastcapemc.com or write to us at the address mentioned in the contact us section of this web site.