Goldmoney Inc. Announces Intent to Repurchase Shares Under Normal Market Procedures
GoldMoney Announces Normal Course Issuer Bid to Repurchase Common Shares
GoldMoney Inc., a leading precious metals financial service provider, has announced its intention to conduct a normal course issuer bid (NCIB) to purchase up to 864,862 common shares from September 23, 2024, to September 22, 2025. The bid will commence on September 23, 2025, and terminate on September 22, 2026.
The NCIB is advantageous to GoldMoney's shareholders, as it may result in the repurchase of common shares. The Company will fund the purchases through available cash. GoldMoney reserves the right to terminate the NCIB earlier if it deems it appropriate.
The underlying value of GoldMoney may not be reflected in the market price of its common shares. This, coupled with the Company's limited operating history, history of operating losses, and future capital needs, presents risks to the success of the NCIB. Other risks include fluctuations in the market price of GoldMoney's common shares, government regulation and compliance, legal and regulatory changes, jurisdictional factors associated with international operations, foreign restrictions on the Company's operations, product development and rapid technological change, dependence on technical infrastructure, protection of intellectual property, use and storage of personal information, network security risks, risk of system failure or inadequacy, the Company's ability to manage rapid growth, competition, 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 & risk of physical harm to personnel, precious metal trading risks, volatility of precious metals prices & public interest in precious metals investment, and other risks detailed in GoldMoney's most recently filed annual information form.
GoldMoney can repurchase a maximum of 1,000 Shares through the TSX in one trading day, but may repurchase more on alternative Canadian trading systems. As at September 10, 2025, the Company's 'public float' was 7,772,628 common shares, and the Company had 12,680,462 common shares issued and outstanding. The bid will allow GoldMoney to purchase up to 777,262 common shares for cancellation, representing approximately 10% of the Company's 'public float' as at September 10, 2025.
Media and Investor Relations inquiries can be directed to Sean Ty, Chief Financial Officer of GoldMoney Inc., at 1 647 250 7098. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.
It is important to note that readers should not place undue reliance on forward-looking information. The search results do not provide information about when GoldMoney Inc. last received approval from the Toronto Stock Exchange to start a normal course issuer bid program to purchase up to 777,262 shares.
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