TORONTO – (March 26, 2024) – Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”), is pleased to announce the appointment of Sean Ty as Chief Financial Officer (CFO), effective March 31, 2024. Mr. Ty will succeed Mr. Mark Olson, following his retirement as CFO. Mr. Olson will remain in advisory capacity with the company for an appropriate period to ensure a smooth transition in CFO roles.
Mr. Ty will report to Goldmoney’s CEO, Roy Sebag, and will oversee the company’s financial operations. Mr. Ty most recently served as founder and CEO of Ty Consulting Inc. which provided financial reporting, and accounting services to TSX and TSXV listed companies. Prior to that, Mr. Ty was a manager at Ernst and Young LLP in Vancouver within the commercial real estate, technology, and financial services audit team. Mr. Ty holds a Bachelor of Science Degree from the University of British Columbia and is a Chartered Accountant.
“I would like to thank Mark Olson for his contributions to Goldmoney Inc. over the past four years. Together, we achieved a great deal and repositioned the group for long-term success. On behalf of the entire Goldmoney Inc. team, we wish him all the best in his future endeavors.” said Roy Sebag, CEO of Goldmoney Inc.
“It has been a privilege to serve as the Chief Financial Officer at Goldmoney. I am immensely grateful for the opportunity to contribute to the growth and success of this remarkable company. Throughout my tenure, I have had the pleasure of working alongside dedicated colleagues and witnessing firsthand the innovative spirit that drives Goldmoney forward. While I have made the difficult decision to step down from my role, I am confident in the future of Goldmoney and expect the Company to continue its trajectory of success. I extend my heartfelt gratitude to the entire Goldmoney team and wish them continued prosperity in the years ahead.”
About Goldmoney Inc.
Founded in 2001, Goldmoney (TSX:XAU) is a TSX listed company invested in the real economy. The leading custodians and traders of precious metals, Goldmoney Inc. also owns and operates businesses in property investment and jewelry manufacturing.For more information about Goldmoney, visitgoldmoney.com.
Media and Investor Relations inquiries:
Mark Olson
Chief Financial Officer
Goldmoney Inc.
+1 647 250 7175
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, future business plans, including joint ventures and acquisitions of real estate, future plans to diversify the Company’s business, expectations on 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; real estate acquisition and maintenance risks; volatility of real estate prices & markets; precious metal trading risks; volatility of precious metals prices & public interest in precious metals investment; global financial conditions and the viability of the Company’s business strategy in response to them; 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.
