Goldmoney Announces Acquisition of Schiff Gold Inc

Goldmoney Inc., a financial technology company, which operates a global, full-reserve and gold-based financial network, is pleased to announce that the Company has entered into an Acquisition Agreement to acquire Schiff Gold Inc. and form a marketing and service agreement with Peter Schiff. SGI is a private, U.S.-based dealer in precious metals (formerly launched in 2010 as Euro Pacific Precious Metals), one of the largest and fastest growing retail gold dealers, and services a large client base with buy and sell orders for precious metals, storage and vaulting arrangement, and gold & silver IRA arrangement services. Upon closing of the transaction, the Company will also enter into a Marketing and Service agreement with Peter Schiff, where Mr. Schiff will integrate and endorse Goldmoney services for clients and subscribers across various companies and media platforms.

The acquisition of Schiff Gold is expected to add significant revenue and increase the Company’s gross profit and free cash flow generation. In 2015 alone, Schiff Gold sold over $125 million1 in precious metals, generated $2.8 million1 of gross profit and paid cash distributions of $0.975 million1 to its shareholders. Goldmoney believes there to be cost savings derived from the business combination that should result in additional operative leverage and margin expansion at the Schiff Gold business. As an example, the present Schiff Gold business generates its sales through wire transfer deposits and invests very little in marketing. Additional financial information relating to the existing gold business will be released upon closing.

Peter is the LeBron James of the gold market with hundreds of thousands of trusted followers and an unrivaled track record in predicting some of the most important macroeconomic events of the last 20 years. Following an initially heated public debate in March, Peter and I struck a private friendship. Through in-person meetings and many thoughtful conversations it became clear to both Peter and I that we shared the same vision and goals, that Peter was motivated by the same mission that guided us, and that his business and brand could be better leveraged using the Goldmoney technology. I am extremely excited to be welcoming Peter to the Goldmoney tent and I believe his millions of followers will be much better monetized through a platform that can economically service a global user base with no minimums, superior technology, and multiple deposit and redemption options. We will unveil the full combination strategy at closing,” said Roy Sebag.

I’m thrilled to be joining the Goldmoney team,” said Peter Schiff. “For my entire career I have sold gold to high net worth individuals looking to incorporate precious metals into otherwise diversified investment portfolios. While the vast majority of investors have yet to make such an important allocation shift, its average individuals who actually have the most to gain by utilizing the protection of gold for day to day savings of income. The Goldmoney platform provides this utility, simple and transparent access to the best possible defense against theft by inflation. Technology is providing more choice and easier access to everything, and the hope is that market forces will compel central banks to provide a more competitive product and put the brakes on run-away-inflationism and the asset-bubble economics that is undermining living stands world-wide.”

We are excited to welcome Peter Schiff as an important stakeholder and advocate of the Goldmoney mission to democratize access to gold,” said Josh Crumb, Chief Strategy Officer. “Roy and I are grateful for the growing support and confidence among the gold community, and look forward to Peter’s thought leadership and collaboration with Goldmoney stakeholders James Turk, Eric Sprott, Albert Friedberg, John Butler, Alasdair Macleod, Stefan Wieler, and our many notable shareholders.”

The transaction has been structured as a joint venture between Peter Schiff and Goldmoney, with a consulting agreement between Goldmoney and Euro Pacific Asset Management LLC. The joint venture will be issued 1,063,000 common shares of Goldmoney with a deemed value of $5,315,000 (equivalent to CAD $5.00 per share), as well as 1,400,000 common share purchase warrants (“Warrants“) as follows: (i) 700,000 Warrants exercisable at CAD $5.00 per share for a period of 10 years; (ii) 350,000 warrants exercisable at CAD $5.25 per share for a period of ten years; and (iii) 350,000 warrants exercisable at CAD $5.80 per share for a period of ten years. Peter Schiff will have the right to be distributed the Goldmoney securities by the joint venture.

The first 700,000 common shares of the 1,063,000 shares are subject to one-third automatic releases on each of the first, second and third anniversaries of the closing. All of the above-noted 1,400,000 Warrants and the remaining 363,000 common shares are subject to performance vesting over a three-year period in accordance with performance criteria under a consulting agreement to be entered into between Goldmoney and Euro Pacific Asset Management LLC. Pursuant to the consulting agreement, Euro Pacific Asset Management LLC will provide strategic development, product development, branding and marketing services to Goldmoney. Euro Pacific Asset Management LLC shall be paid fees equal to 50% of the distributable income from Schiff Gold Inc. with a minimum term of twenty years. For a period of five years after the twentieth anniversary of closing, Goldmoney shall have the right, but not the obligation, to terminate the consulting agreement in consideration for a payment equal to the average of distributable income over the prior five years.

Author: Dylan Jones

Share This Post On
ATM Africa


  1. Byetta And Gastric Dumping [url=]Generic Kamagra Pricing[/url] Cialis 2.5 Mg Tablet

  2. Viagra Por Internet Eeuu [url=]Cheap Viagra Generic[/url] Cialis 10 Mg Preis Dose Of Amoxicillin [url=]Buying Levitra Online[/url] Propecia Rogaine Hair Regrowth Il Cialis E Pericoloso [url=]cialis online pharmacy[/url] Geschmack Levitra Direct On Line Fluoxetine Get Internet Overseas Shop [url=]compare viagra to cialis and levitra[/url] Wirkung Viagra Pfizer Amoxicillin Formulation [url=]Cialis[/url] Levitra Parafarmacia Amoxil Rx [url=]Cialis Online Usa[/url] 5mg Cialis Free Shipping Progesterone Pharmacy Free Doctor Consultation [url=]Cialis Order[/url] Tadalis Sx Achat En France Best Cheap Cialis Online [url=]Dapoxetine[/url] Levitra Au Maroc Uses Of Cephalexin [url=]Levitra Vardenafil[/url] Pharmacy Rx 1 Cialis Viagra Review [url=]Levitra Generic[/url] On Sale Macrobid Online Pharmacy Mexico Selling Advair [url=]Priligy Price[/url] Difference Cialis And Viagra Je Prends Amoxil [url=]how cau you order levitra on line[/url] Meloxicam Hydrochlorothiazide 25 Mg Online [url=]Mail Order Viagra[/url] Arimidex Loxitane [url=]cialis[/url] Buy Cialis Online Without Presciption Brand Cialis Overnight Shipping [url=]Get Levitra[/url] Cialis Generico Inghilterra Real Levaquin Lebact Bacterial Infections Cod Accepted Us [url=]Propecia Us[/url] Cialis Sin Receta Espana Viagra Perime [url=]Levitra 40mg Sale[/url] Cialis Oglasi Cialis 10mg Anwendung [url=]viagra online[/url] Viagra Italiano 5 Mg Cialis [url=]Levitra Cost Uk[/url] Einnahme Von Priligy Doryx Doxakne Low Price Best Website [url=]Cheap Levitra[/url] Prospecto Levitra Generic Priligy Buy [url=]Sildenafil Generic[/url] Cialis Efectos Secundarios Mujeres Frontal Hair Rogaine And Propecia [url=]Cheap Cialis Generic[/url] Keflex Stomach 104 Vigra [url=]Generic Viagra[/url] Uk Suppliers Of Zyban Baclofene Cirrhose [url=]where can i order levitra[/url] Propecia Abonos Preisvergleich Cialis 20mg Filmtabletten [url=]Depoxetine[/url] Online Canadian Pharmacy Levitra Kamagra Problems [url=]Buy Generic Cialis Online[/url] Generic Viagra Best Prices Priligy Generika Dapoxetine [url=]Accutane Online[/url] Idealista Propecia Acheter Cialis Paiement Cheque [url=]Levitra Order Online[/url] Lasix Oral Order Trazadone Online [url=]Generic Cialis Cheapest[/url] Cialis Come Si Prende Prescriptions Amoxicillin [url=]Buy Levitra Vardenafil[/url] Viagra Werbung Video Isotretinoin 10mg Where To Buy [url=]Buying Levitra Online[/url] Cialis Apotheke Niederlande The Garage Buyers Guide But the indictment says Tucker and Muir then prepared false documents to the courts to make it look like the tribes owned the payday lending operation when they played no such role. You should also check that they are signed up to the Good Practice Charter because this should mean that theyll employ more measures to give you a fairer service.Com Fast Cash Payday Loan The entire application process takes about ten minutes or less and its completely secure. [url=]personal loans for bad credit[/url] au privacy policy.Can You Buy Keflex Over The Counter [url=]Buy Levitra Forum[/url] Clomid Crachat Amoxicillin And Heart Attack [url=]Purchasing Levitra[/url] Amiloride Furosemide Birthcontrol Online [url=]Low Price Levitra[/url] Cialis Prix Boite Prix Cytotec Au Maroc [url=]Order Viagra[/url] Overnight Stendra In Internet Shop Amoxicillin Causing Yeast Infection [url=]Priligy Online Buy[/url] Propecia Dosage Hair Loss Finasteride Priligy Aus Holland [url=]Cheapest Cialis Online[/url] Prix Viagra Pas Cher Shatavari [url=]Cialis Online Buy[/url] Acheter Priligy Dapoxetine Etats Buy Wellbutrin Sr No Rx [url=]Cialis Tadalafil[/url] Isotretinoin roaccutane how to buy Centurion Labratories [url=]Priligy Buy Online Usa[/url] Viagra Ungesund Us Fast Shipping Meds [url=]Purchase Propecia[/url] Viagra 50mg Propecia Long Term Effectiveness [url=]Propecia Us[/url] Vigorexin Serum Acquisto Viagra Generico In Contrassegno [url=]Brand Cialis Online[/url] Cialis En Cordoba

  3. Que Proscar Vs Propecia [url=]Generic Kamagra Online[/url] Kamagra Wiki Nederlands

  4. Cialis 5mg 10mg 20mg Tadalafil [url=]online pharmacy[/url] Cytotec Over The Counter Usa

  5. Viagra Online Next Day Shipping [url=]buy viagra online[/url] Baclofene Perte De Poids

  6. But Venlafaxine Xr Canada [url=]online pharmacy[/url] Discount Generic Legally Stendra 50mg Fedex Shipping No Script Needed

  7. Dutasteride 0.5mg Direct Website Mastercard With Overnight Delivery [url=]online pharmacy[/url] Levitra Perdita Vista

  8. Alternativas Del Viagra [url=]viagra online[/url] 365 Pills Viagra

  9. Levitra Professional Overnight Delivery [url=]cialis online[/url] No Prespriction Cialas

  10. Forum Ou Acheter Du Cialis [url=]cialis buy online[/url] Cialis 5 Mg Forum

  11. Propecia En Madrid [url=]cialis buy online[/url] Buy Strattera

  12. Kamagra 100mg Saint [url=]cheap cialis[/url] Toronto Drug Store

  13. Cvs Pharmacy Price For Cialis [url=]viagra cialis[/url] Buy Zoloft Cheap No Rx

  14. Youre so cool! I dont suppose Ive read anything like this before. So nice to find somebody with some original thoughts on this subject. realy thank you for starting this up. this website is something that is needed on the web, someone with a little originality. useful job for bringing something new to the internet!

  15. I’m impressed, I must say. Truly rarely must i encounter a weblog that’s both educative and entertaining, and without a doubt, you have hit the nail about the head. Your concept is outstanding; the thing is something too few people are speaking intelligently about. My business is happy that we stumbled across this within my search for some thing relating to this.

  16. Best Price For Generic Cialis [url= ]cialis[/url] Finasteride Natural Propecia
    Tadalafil 5 Mg Best Price Usa Free Amoxicillin
    Dosage Cephalexin Bladder Infection cialis Achat Ciprofloxacin En Ligne Belgique

Submit a Comment

Your email address will not be published.