Private investors who were illegally sold shares in Rocky Mountain Gold Mining Corporation or Rocky Mountain Gold Mining Inc may be entitled to a refund.

Both companies were sold by Canadian boiler rooms defrauding UK investors of £1.25 million. The Financial Services Authority (FSA) has recovered all the money but is yet to find some of the investors.

A statement from the FSA, says: ‘The funds returned to investors at this stage amount to 90% of the sum invested.’ The financial watchdog is now urging anyone caught up in the scam to contact it.

This is a rare case of boiler room victims recovering money. The FSA managed to freeze victims’ funds through working with the British Columbia Securities Commission and Ontario Securities Commission.

The FSA has written to all investors where they have been able to identify contact details and have so far reunited 153 investors with their cash. Any investor who has not been contacted by the FSA or the Ontario Securities Commission is being urged to contact the watchdog.

Investors can either call the FSA’s consumer contact centre on 0845 606 1234 or alternatively email peter.wright@fsa.gov.uk.