On October 25, 2017, Goldmoney Inc. (“Goldmoney” or the “Company”) announced the completion a bought deal private placement (the “Offering”) with a syndicate of underwriters led by GMP Securities L.P. and including Mackie Research Capital Corporation (collectively, the “Underwriters”). Pursuant to the Offering, the Company issued 6,976,744 common shares (the “Shares”) at a price of $4.30 CAD per Share, for aggregate gross proceeds of approximately C$30 million.

The net proceeds of the Offering are expected to be used to fund further development of the blockchain custodial architecture and software infrastructure for its new BlockVault Inc. subsidiary and ColdBlocks™ product offerings.

Goldmoney Inc., a financial service company traded on the Toronto Stock Exchange (TSX:XAU), is a global leader in precious metal investment services and the world’s largest precious metals payment network. Safeguarding nearly $2 billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious metals-backed savings accessible to all. Powered by Goldmoney’s patented technology, the Goldmoney® Holding is an online account that enables clients to invest, earn, or spend gold, silver, platinum, palladium and cryptocurrencies that are securely stored in insured vaults in seven countries. All bullion assets are fully allocated and physically redeemable property. Goldmoney Wealth Limited is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. Goldmoney Network is a reporting entity to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S. For more information about Goldmoney, visit goldmoney.com.

Peterson McVicar acted for Goldmoney Inc. with a team that included Dennis Peterson and Jonathan Clark.