Goldmoney Inc. Announces Normal Course Issuer Bid | Company

TORONTO–(BUSINESS WIRE)–August 26, 2022–

Goldmoney Inc. (TSX: XAU) (“ gold money “or the” Company ”) announces the acceptance by the Toronto Stock Exchange (the “ TSX “) of Goldmoney’s Notice of Intention to Make a Normal Course Issuer Bid (the ” ORCN ”) to purchase for cancellation 3,700,000 common shares (the “ Shares ”) of Goldmoney, representing 4.9% of the 74,863,786 issued and outstanding ordinary shares of the Company as of August 17, 2022.

The issuer bid will begin on August 30, 2022 and will end on August 29, 2023 or an earlier date if the number of shares sought in the issuer bid have been repurchased. Goldmoney reserves the right to terminate the NCIB earlier if it deems it appropriate to do so.

All shares will be purchased on the open market through the facilities of the TSX and other Canadian trading systems at prevailing market rates and all shares purchased by Goldmoney will be cancelled. The actual number of Shares that may be purchased and the timing of such purchases will be determined by Goldmoney. Any purchases made by Goldmoney pursuant to the issuer bid will be made in accordance with the rules and policies of the TSX.

Over the past six-month period, the average daily trading volume of Goldmoney common shares on the TSX was 26,031 common shares. Accordingly, under the policies of the TSX, Goldmoney will be entitled to repurchase under its issuer bid, during any trading day, a maximum of 6,507 shares, representing 25% of the average daily volume transactions. In addition, Goldmoney will be permitted to make, once per calendar week, a bulk purchase (as that term is defined in the TSX Company Handbook) of shares which are not directly or indirectly owned by insiders of Goldmoney, in accordance with the policies of the TSX. Goldmoney will finance the purchases with available cash.

The Board of Directors believes that the underlying value of Goldmoney may not be reflected in the market price of its common stock from time to time and that at appropriate times the redemption of shares through the ‘OPRA’ can be a good use of Goldmoney’s financial resources, as such action can protect and enhance shareholder value when opportunities or volatility arise. Accordingly, the Board of Directors has determined that the OPRCNA is in the best interests of Goldmoney and its shareholders.

Goldmoney has obtained TSX approval for a prior notice of intention to conduct a normal course issuer bid to purchase up to 3,000,000 common shares for the period August 30, 2021 through August 29, 2022. As of August 24, 2022, Goldmoney had repurchased 1,494,400 common shares at a volume-weighted average price of $1.80 through the facilities of the TSX as well as other trading systems Canadian dollars at prevailing market rates.

About Goldmoney Inc.

Goldmoney Inc. (TSX: XAU) is a global precious metals company. Through its ownership of various operating subsidiaries, the Company is engaged in the sale of precious metals to its customers, including arranging the delivery and storage of precious metals for its customers and the sale to detail of parts. Goldmoney clients in over 100 countries hold over $2 billion in precious metals and fiat currency assets. The Company’s operating subsidiaries include:, and Totenpass. In addition to the Company’s main business segments, the Company has a significant stake in Menē Inc., which manufactures 24k pure gold and platinum bullion jewelry sold by the gram. Through these and other investment activities, Goldmoney obtains long-term exposure to precious metals. For more information about Goldmoney, visit

Forward-looking statements

This press release contains or refers to certain forward-looking information often identified by forward-looking words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”. , “may”, “potential” and “will” or similar words suggesting future results, or other expectations, beliefs, plans, goals, assumptions, intentions or statements regarding future events or performance. All information, other than information of historical fact, which deals with activities, events or developments that Goldmoney Inc. (the “Company”) believes, expects or anticipates will or may occur in future, is forward-looking information. Forward-looking information is not historical fact but reflects the Company’s current expectations regarding future results or events based on information currently available. By their nature, forward-looking statements involve numerous known and unknown, general and specific assumptions, risks and uncertainties, which contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not be achieved. The forward-looking information contained in this press release speaks only as of the date hereof.

Forward-looking information in this release includes, but is not limited to, statements regarding: market price of common stock and whether the Company will purchase common stock under the tender offer. This forward-looking information is based on reasonable assumptions and estimates made by the Company’s management at the time it was made, and involves known and unknown risks, uncertainties and other factors that may cause results, actual performance or achievements of the Company are materially different from any future results, performance or achievements expressed or implied by such forward-looking information. These factors include, among others: the Company’s limited operating history; history of operating losses; future capital requirements and the uncertainty of additional financing; fluctuations in the market price of the Company’s common stock; the impact and spread of infectious diseases, including COVID-19; the effect of government regulation and compliance on the Company and the industry; legal and regulatory changes and uncertainties; jurisdictional factors associated with international transactions; foreign restrictions on the operations of the Company; product development and rapid technological change; reliance 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 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 and risk of physical injury to staff; risks associated with trading in precious metals; and precious metals price volatility and public interest in precious metals investments; and the risks described in the most recent Annual Information Form filed by the Company, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may 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. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved of the information contained in this press release.

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CONTACT: Media and Investor Relations Inquiries: Renee Wei

Director of Global Communications

Goldmoney Inc.

[email protected] Olson

Financial director

Goldmoney Inc.

+1 647 250 7098



SOURCE: Goldmoney Inc.

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PUBLICATION: 08/26/2022 07:30 / DISK: 08/26/2022 07:32

Denise W. Whigham