Toronto, Ontario--(Newsfile Corp. - September 23, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Goldmoney" or the "Company") is pleased to announce that further to its news released dated August 16, 2024, it has completed the continuation (the "Continuation") of the Company's charter from the Business Corporations Act (British Columbia) to the jurisdiction of the British Virgin Islands ("BVI") under the BVI Business Companies Act (As Revised), effective September 20, 2024.
Goldmoney's board of directors believes that the Continuation is in the best interest of the Company. Continuing into the BVI will permit the Company to more efficiently return capital to shareholders by way of dividends and share buybacks while also allowing the Company to allocate and distribute capital among its subsidiaries in both Canada and the United Kingdom.
The common shares (the "Shares") of the Company will continue to be listed on the Toronto Stock Exchange ("TSX") after the Continuation, and as such the Company's Shares will remain subject to the rules and policies of the TSX. The Company expects that effective at the market open on September 26, 2024, the Shares of the Company will trade on the TSX under the new CUSIP and ISIN numbers of G4001R104 and VGG4001R1047, respectively.
For further information related to the Continuation, please refer to the management information circular dated August 6, 2024 and filed on SEDAR+ under the Company's profile or contact the Company's Chief Financial Officer for a copy of the same:
About Goldmoney Inc.
Goldmoney Inc. (TSX: XAU) specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewelry manufacturing. For more information about Goldmoney, visit goldmoney.com.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements
This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations of the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.
Forward-looking information in this release includes, but is not limited to, timing of the listing of the Shares under the new CUSIP/ISIN and potential or predicted effects on the Company of the Continuation. 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 operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's Shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty, whether in the BVI or elsewhere; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR+. 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 update or revise any forward-looking information, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224243
