Business
Goldmoney Inc. Completes Block Purchases of Common Shares Under Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - February 22, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Completes Block Purchases of Common Shares Under Normal Course Issuer BidToronto, Ontario--(Newsfile Corp. - February 22, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), a precious metal financial service and technology company, today announced that it has made two block purchases of Common Shares under its normal course issuer bid (the \"NCIB\").The Company made a block purchase of 1,920,800 Common Shares on February 17, 2023 at a price of $1.70 per Common Share. The Company made a second block purchase of 2,094,559 Common Shares on February 21, 2023 at a price of $1.60 per Common Share. The purchased Common Shares will be cancelled on February 28, 2023, along with an additional 57,300 Common Shares purchased under the NCIB in February.Since the NCIB began on August 30, 2022, the Company has purchased 4,847,373 Common Shares for cancellation, representing 6.5% of the Common Shares outstanding at that time. The NCIB has reduced the Company's current shares issued and outstanding to a total of 74,055,232 Common Shares as of the date of this news release, and 69,982,573 Common Shares effective February 28, 2023.The NCIB will expire no later than August 29, 2023.About Goldmoney Inc.Goldmoney Inc. (TSX: XAU) is a precious metal-focused global business. Through its ownership of various operating subsidiaries, the Company is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients and coin retailing. Goldmoney clients located in over 100 countries hold over $2.1 billion in precious metal and fiat currency assets. The Company's operating subsidiaries include: Goldmoney.com, SchiffGold.com and Totenpass. In addition to the Company's principal business segments, the Company holds a significant interest in Menē Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, Goldmoney gains long-term exposure to precious metals. For more information about Goldmoney, visit goldmoney.com.Media and Investor Relations inquiries:Renee WeiDirector of Global CommunicationsGoldmoney [email protected] OlsonChief Financial OfficerGoldmoney Inc.+1 647 250 7098Forward-Looking StatementsThis news release contains or refers to ...