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February 24, 2016

Goldmoney closes $36.63-million placement

Mr. Josh Crumb reports

Goldmoney Completes C$36.6 Million Bought Deal Financing

Goldmoney Inc. has completed its previously announced bought deal private placement with a syndicate of underwriters led by GMP Securities LP and Clarus Securities Inc. Pursuant to the offering, the company issued 9,394,828 common shares at a price of $3.90 per share, for aggregate gross proceeds of $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-per-cent cash commission and were issued broker warrants equal to 3.0 per cent of the number of shares issued. Each broker warrant is exercisable for one share at a price of $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, chief executive officer 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 off-line 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 on Dec. 8, 2015. Tier 1 is the TSX-V's premiere 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 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 Nov. 13, 2016.