In a corner office\u00a0on the 49th floor along\u00a0Bay Street, you may hear investors happily shouting, \u201cShow me the Goldmoney!\u201d<\/p>\n
The Toronto-based financial service Goldmoney has announced $30 million CAD in financing after entering an agreement with a syndicate of underwriters led by GMP Securities as well as Mackie Research Capital Corporation. They have agreed to purchase just under seven million shares of Goldmoney on a bought deal private placement basis. The price-per-share is $4.30 and totals an aggregate gross proceed of $30 million.<\/p>\n
These shares will most likely be offered to accredited investors in every province except Quebec on a four-month hold period. They will also be offered to U.S. investors on a private placement basis.<\/p>\n
This total offering is expected to close on October 25 and is still subject to approval from the TSX.<\/p>\n
These proceeds will go towards further funding development of the blockchain custodial architecture of Goldmoney\u2019s new BlockVault Inc. subsidiary and the ColdBlocks offering. This new financing comes at a time when Goldmoney is diving headfirst into cryptocurrency by offering Bitcoin and Ethereum to their holdings.<\/p>\n
ColdBlocks is a \u201ccryptographic innovation for the reification of blockchain cryptocurrencies into institutional-grade investable assets.\u201d It serves to solve blockchain concerns including regulatory compliance issues and a lack of custodial transparency. Storing cryptocurrency in \u201ccold storage\u201d typically refers to storing it in offline reserves.<\/p>\n
Goldmoney is a precious metal and cryptocurrency investment services and is publicly traded on the TSX, safeguarding nearly $2 billion in assets for clients in over 150 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a corner office\u00a0on the 49th floor along\u00a0Bay Street, you may hear investors happily shouting, \u201cShow me the Goldmoney!\u201d The Toronto-based financial service Goldmoney has announced $30 million CAD in financing after entering an agreement with a syndicate of underwriters led by GMP Securities as well as Mackie Research Capital Corporation. They have agreed to […]<\/p>\n","protected":false},"author":76244,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[627,1067,163],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-93846","magazine","type-magazine","status-publish","hentry","category-News","tag-blockchain","tag-cryptocurrency","tag-goldmoney"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/93846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76244"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/93846\/revisions"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=93846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=93846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=93846"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=93846"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=93846"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=93846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}