TORONTO, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”), a precious metal financial service and technology company, today announced the departure of Steve Fray, Chief Financial Officer (“CFO”), to pursue other opportunities effective August 15, 2021.
“I would like to thank Steve for his diligent work and greatly appreciate all his contributions through his tenure at Goldmoney,” said Roy Sebag, Chief Executive Officer. “He was integral in growing the Company and building out our accounting and finance team. We are especially pleased to see Steve take on a new role at Abaxx Technologies Inc. founded by my friend and Co-Founder Josh Crumb. On behalf of Goldmoney’s Board of Directors and management, we wish him the best in his future endeavours.”
“It has been a privilege to work alongside the entire Goldmoney team and to have been a part of the Company’s growth story,” said Mr. Fray. “I am confident that Goldmoney and its group of companies will have a bright future and will continue to create value for shareholders, myself being one of them.”
Goldmoney is pleased to announce the appointment of Mark Olson, the Company's vice president of finance as its Chief Financial Officer, following the departure of Steve Fray on August 15, 2021.
Mr. Olson joined Goldmoney in March 2020 as vice president of finance and has 20 years of executive business experience as a finance leader in both public and private roles. Mr. Olson was previously with Royal Bank of Canada where he worked as senior finance manager. Mr. Olson holds a Bachelor of Business Administration, is a Chartered Professional Accountant and a Chartered Financial Analyst.
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, coin retailing, and lending. Goldmoney clients located in over 150 countries hold approximately $2.3 billion in precious metal assets. The company’s operating subsidiaries include: Goldmoney.com, SchiffGold.com and Goldmoney Lend & Borrow. 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.
Investor Questions
Shareholders of Goldmoney are encouraged to submit questions to management by emailing ir@goldmoney.com
Media and Investor Relations inquiries:
Mark Olson
Chief Financial Officer
Goldmoney Inc.
mark.olson@goldmoney.com
+1 647 250 7170
Forward-Looking Statements
This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “may”, “potential” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.
Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company’s business, expected results of operations, and the market for the Company’s products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company’s common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; 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 and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company’s ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; 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; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company’s most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.
