TORONTO , March 29, 2019 (GLOBE NEWSWIRE) -- Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”) – This press release is being disseminated as required by National Instrument 62-103 – The Early Warning System and Related Take Over Bids and Insider Reporting Issues, with respect to the filing of an early warning report regarding the acquisition on March 27, 2019 of 50,000 subordinate voting shares (“Shares”) of Menē Inc. (“Menē”) at a price of $0.70 per Share through the facilities of the TSX Venture Exchange (the “TSXV”). Following this transaction, Goldmoney’s beneficial ownership of Shares has changed by more than 2% since its last Early Warning Report filed on November 5, 2018 as a result of dilution to Goldmoney’s holdings caused by the issuance of new shares in accordance with Menē’s prospectus financing of December 21, 2018.
Prior to the acquisition, Goldmoney owned and controlled 76,673,053 Shares representing approximately 55.94% of the issued and outstanding shares of the class. Following completion of the acquisition, Goldmoney owned and controlled 76,723,053 Shares representing approximately 55.97% of the issued and outstanding shares of the class.
Goldmoney has acquired the above-noted shares for financial reasons related to investment objectives. The Company may in the future take such actions in respect of its holdings in Menē as it may deem appropriate based on its assessment of market conditions and any other conditions it considers relevant at the time, including the purchase of additional common shares through open market transactions or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions, subject in each case to applicable securities laws.
For further details, please see the Early Warning Report, a copy of which is available on Menē Inc.’s profile on SEDAR at www.sedar.com.
About Goldmoney Inc.
Goldmoney Inc. (TSX: XAU) is a precious metal focused investment company. Through its ownership of various operating subsidiaries, the company is engaged in precious metal investment, custody and storage, jewelry, coin retailing, and lending. Goldmoney manages and oversees in excess of $1.8 billion in assets for clients around the world. The company’s operating subsidiaries include: Goldmoney.com, Menē Inc. (TSXV: MENĒ), SchiffGold.com, and Lend & Borrow Trust. Through these businesses and other investment activities, Goldmoney gains long-term exposure to precious metals. For more information about Goldmoney, visit goldmoney.com.
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No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 the Goldmoney Inc. (the “Company”) 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 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.