Leslie D. Biddle Joins GoldMoney Board of Directors
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
GoldMoney Inc. (TSX-V:XAU) (“GoldMoney” the “Company”), a
financial technology company, which operates a global, full-reserve and
gold-based financial services platform, is pleased to announce that the
common shares of the Company (“Common Shares”) have been accepted for
listing on the Toronto Stock Exchange (“TSX”). The Common Shares will
commence trading on the TSX on April 21, 2016 under the symbol “XAU”.
Roy Sebag, President and CEO of GoldMoney said, “This is another
significant achievement for the Company and our shareholders. Graduation
to the TSX less than one year after our initial listing on the TSX
Venture Exchange reflects our rapid growth and maturation. It is a
recognition of the strength and quality of our BitGold and GoldMoney
products, as well as our commitment to a strong balance sheet, superior
oversight and transparency, and a long-term approach to maximizing
shareholder value by investing in our mission.”
In connection with its graduation to the TSX, the Company has appointed
Equity Financial Trust Company at its offices in Toronto, Ontario as
registrar and transfer agent for the Common Shares.
GoldMoney is also pleased to announce the appointment of Leslie D.
Biddle to the board of directors, effective April 21, 2016. Ms. Biddle
is currently a Partner and President at Serengeti Asset Management, a
New York based value-investment firm. Prior to joining Serengeti, Ms.
Biddle spent nearly 10 years at Goldman Sachs, where she was named
Managing Director in 2004 and Partner in 2006, and where she held roles
including Global Head of Commodity Sales, Chief Financial Officer for
investments in metals and mining, and served as a member of the firm’s
Finance Committee, Business Practices Committee, Structured Investment
Products Committee, and European Audit and Compliance Committee. Ms.
Biddle has also served as a Vice President at the Overseas Private
Investment Corporation, providing political risk insurance and financing
to companies expanding internationally. Ms. Biddle was named by EY and
The Hedge Fund Journal as one of the 50 leading women in hedge funds in
2015. She holds an A.B. from Colby College, where she is a member of the
Board of Trustees.
The Company also announces the appointment of James Turk as its
independent Lead Director. Mr. Turk is the founder of the GoldMoney
Wealth business, and joined the board of directors of the Company in
2015 as part of the acquisition of the GoldMoney business.
GoldMoney also announces the resignations of James G. Eaton and Dennis
H. Peterson from the board of directors, effective April 21, 2016.
GoldMoney would like to thank Mr. Eaton and Mr. Peterson for their
contributions during their respective tenures, and in particular, for
their assistance in guiding GoldMoney’s accelerated development through
its early stages as a venture company.
About GoldMoney
GoldMoney Inc. is a global, full-reserve and gold-based financial
services and technology group. GoldMoney provides financial services as
a trusted, limited third-party, combining the unique attributes of gold
with technology-driven innovation. Through GoldMoney® the company offers
precious metals custody and wealth services, trading and execution, and
independent research to individual investors and institutions. Through
the BitGold™ network, the company operates a self-directed fintech
platform for payments and savings in gold, enabling individuals and
businesses to make or receive online, in-store or mobile payments. As at
March 31, 2016, GoldMoney Inc. had over 800,000 signups across its
platforms, with clients from over 150 countries, and $1.6 billion in
client assets under administration. GoldMoney is regulated by the
Jersey Financial Services Commission (JFSC) as a Money Services
Business. The JFSC is the main supervisory body that oversees and
regulates Jersey's large financial services industry. For more
information on BitGold, visit bitgold.com.
For more information on GoldMoney, visit ir.goldmoney.com.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. Neither
the TSX-V nor its Regulation Services Provider (as that term is defined
in the policies of the TSX-V) accepts responsibility for the adequacy of
this release.
Forward-Looking Information
This news release contains certain “forward-looking information”
within the meaning of applicable Canadian securities laws that are based
on expectations, estimates and projections as at the date of this news
release. Any statements that involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always using
phrases such as “expects”, or “does not expect”, “is expected”,
“anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”,
“forecasts”, “estimates”, “believes” or “intends” or variations of such
words and phrases or stating that certain actions, events or results
“may” or “could”, “would”, “might” or “will” be taken to occur or be
achieved) are not statements of historical fact and may be
forward-looking information and are intended to identify forward-looking
information. This forward-looking information is based on reasonable
assumptions and estimates of management of the Company at the time it
was made, and involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
information. Such factors include, among others: the Company’s limited
operating history; future capital needs and uncertainty of additional
financing; volatility in the market price of the Common Shares;
volatility of precious metals prices and public interest in precious
metals investments; lack of regulation and customer protection; the need
for the Company to manage its planned growth and expansion; the effects
of product development and need for continued technology change;
protection of proprietary rights; the effect of government regulation
and compliance on the Company and the industry; network security risks;
the ability of the Company to maintain properly working systems; foreign
currency and precious metal trading risks; use and storage of personal
information and compliance with privacy laws; use of the Company’s
services for improper or illegal purposes; global economic and financial
market conditions; uninsurable risks; and those risks set out in the
Company’s public documents filed on www.sedar.com.
Although the Company has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to
be accurate as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking information. The Company
undertakes no obligation to revise or update any forward-looking
information other than as required by law.

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