OREANDA-NEWS. February 29, 2016. GoldMoney Inc. (TSX-V: XAU) ("GoldMoney" or the "Company"), a full-reserve and gold-based financial service and technology group, is pleased to announce that it has completed its previously announced bought deal private placement (the “Offering”) with a syndicate of underwriters led by GMP Securities L.P. and Clarus Securities Inc. (collectively, the “Underwriters”).  Pursuant to the Offering, the Company issued 9,394,828 common shares (the “Shares”) at a price of C\\$3.90 per Share, for aggregate gross proceeds of C\\$36,639,829. In addition to the initial 8,169,415 Shares offered, an additional 1,225,413 Shares were issued pursuant to the Underwriters fully exercising the Underwriters’ option.  PowerOne Capital Markets Ltd. acted as financial adviser with respect to the Offering.

The net proceeds of the Offering are expected to be used for general corporate purposes.

Pursuant to the Offering, the Underwriters received a 5.0% cash commission and were issued Broker Warrants equal to 3.0% of the number of Shares issued. Each Broker Warrant is exercisable for one Share at a price of C\\$3.90 for a period of 24 months.

The securities issued (and issuable) pursuant to the Offering are subject to a four month hold period expiring on June 25, 2016.

“GoldMoney welcomes this offer of strategic-institutional funding and the capital entrusted to us by some of the world's top investment managers”, said Roy Sebag, CEO of GoldMoney. "With this additional capital, the group is able to strengthen the relationship we have with our customers with an unparalleled commitment to a strong balance sheet through any market environment. We also strive to grow our businesses through new product engineering, the initiation of offline and more traditional marketing activities, and expansion into additional financial services business lines that will provide operating leverage to our core customer relationships.” 

The Company also announces its graduation to Tier 1 of the TSX Venture Exchange (“TSX-V”) on December 8, 2015. Tier 1 is the TSX-V’s premier tier, and is reserved for the TSX-V’s most advanced issuers with the most significant financial resources. In conjunction with the Tier 1 graduation, Shares and Share purchase warrants (“Warrants”) held escrow pursuant to a value security escrow agreement dated May 8, 2015, between the Company, Capital Transfer Agency Inc. as escrow agent, and certain escrowed security holders, will become subject to an accelerated release schedule as follows: 5,241,098 Shares and 179,961 Warrants on or before March 5, 2016; 5,241,101 Shares and 179,962 Warrants on May 13, 2016; and 5,241,101 Shares and 179,962 Warrants on November 13, 2016.

About GoldMoney

GoldMoney Inc. is a global, full-reserve and gold-based financial services group. GoldMoney provides financial services as a trusted, limited third-party, combining the unique attributes of gold with technology-driven innovation. Through GoldMoney® the company offers precious metals custody and wealth services, trading and execution, and independent research to individual investors and institutions. Through BitGold™ the company operates a self-directed savings platform and a payments network enabling individuals and businesses to make or receive online, in-store or mobile payments. GoldMoney Inc. has over 650,000 clients from over 150 countries and \\$1.6 billion in client assets under administration. GoldMoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey's large financial services industry. For more information on BitGold, visit bitgold.com. For more information on GoldMoney, visit ir.goldmoney.com.