BitGold Inc.
TSX VENTURE : XAU

BitGold Inc.

July 29, 2015 08:00 ET

BitGold Announces Name Change to GoldMoney Inc. Pursuant to Amalgamation With Subsidiary

TORONTO, ONTARIO--(Marketwired - July 29, 2015) - BitGold Inc. (the "Company") (TSX VENTURE:XAU) announces that it will complete a vertical amalgamation with its wholly owned subsidiary, GoldMoney Inc., effective as of July 30, 2015. Following the amalgamation, the Company's name will change from "BitGold Inc." to "GoldMoney Inc." The Company's stock symbol on the TSX Venture Exchange will remain "XAU". The CUSIP number assigned to the common shares of the Company following the name change is 38149A109.

About BitGold Inc. (to be GoldMoney Inc.)

BitGold Inc. (to be GoldMoney Inc.) is a global, full-reserve and gold-based financial services business. GoldMoney provides financial services as a trusted, limited third-party, combining the unique attributes of gold with technology driven innovation. Through GoldMoney® the company offers precious metals custody, trading and execution, wealth management and research to individual investors and institutions. Through BitGold™ the company operates a self-directed savings platform and payments network allowing individuals and businesses to make or receive online, in-store or mobile payments. GoldMoney Inc. has over 150,000 customers from over 200 countries and $1.5 billion in client assets under administration. GoldMoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey's large financial services industry. For more information on BitGold, visit bitgold.com. For more information on GoldMoney, visit ir.goldmoney.com.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release.

Forward-Looking Statements

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking information and are intended to identify forward-looking information. 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: risk factors relating to the Company's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; unproven markets for the Company's product offering; volatility of gold prices & public interest in gold investment; lack of regulation and customer protection; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; foreign currency and gold trading risks; use and storage of personal information and compliance with privacy laws; use of the Company's services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; and those risks set out in the Company's public documents filed on www.sedar.com. 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 revise or update any forward-looking information other than as required by law.

Contact Information

  • BitGold Inc.
    Josh Crumb
    Co-founder and Chief Strategy Officer
    647-499-6748
    www.bitgold.com