Goldmoney Inc. Announces Normal Course Issuer Bid
Goldmoney plans to use available cash to buy back up to 10% of its public float over a one-year period.
Rhea-AI Summary
Goldmoney (XAUMF) received Toronto Stock Exchange acceptance for a normal course issuer bid to repurchase for cancellation up to 721,342 common shares, about 10% of its 7,213,428-share public float as of September 16, 2026.
The bid runs from September 23, 2026 to September 22, 2027, or earlier if the target amount is bought. As of the same date, total shares outstanding were 12,752,728. Purchases will be made on the TSX and alternative Canadian trading systems at market prices and all repurchased shares will be cancelled. Based on an average daily trading volume of 12,263 shares, the company may buy up to 3,065 shares per TSX trading day, with additional capacity via alternative systems and weekly block purchases.
Positive
- NCIB size: authorization to repurchase up to 721,342 shares, ~10% of public float
- Timeline: buyback window from September 23, 2026 to September 22, 2027
- Liquidity constraint: daily TSX repurchase cap of 3,065 shares based on ADTV
- Funding: company states purchases will be funded through available cash
- Execution history: prior bid repurchased 593,900 shares at VWAP of $13.2197
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROAD TOWN, VIRGIN ISLANDS / ACCESS Newswire / September 18, 2026 / Goldmoney Inc. (TSX:XAU)(US:XAUMF) ("Goldmoney" or the "Company"), today announced acceptance by the Toronto Stock Exchange (the "TSX") of Goldmoney's Notice of Intention to make a normal course issuer bid (the "NCIB") to purchase for cancellation up to 721,342 common shares of Goldmoney ("Shares"). The Shares represent approximately
The NCIB will commence on September 23, 2026 and will terminate on September 22, 2027 or at such earlier date if the number of Shares sought in the NCIB has been repurchased. Goldmoney reserves the right to terminate the NCIB earlier if it feels that it is appropriate to do so.
All Shares will be purchased on the open market through the facilities of the TSX as well as on alternative Canadian trading systems at prevailing market rates and any Shares purchased by Goldmoney will be cancelled. The actual number of Shares that may be purchased and the timing of any such purchases will be determined by Goldmoney. Any purchases made by Goldmoney pursuant to the NCIB will be made in accordance with the rules and policies of the TSX.
Under the policies of the TSX, Goldmoney may generally repurchase through the facilities of the TSX
The Board of Directors believes the underlying value of Goldmoney may not be reflected in the market price of its Shares from time to time and that, at appropriate times, repurchasing the Shares through the NCIB may represent a good use of Goldmoney's financial resources, as such action can protect and enhance shareholder value when opportunities or volatility arise. Therefore, the Board of Directors has determined that the NCIB is in the best interest of Goldmoney and its shareholders.
Goldmoney obtained TSX approval for a previous notice of intention to conduct a normal course issuer bid to purchase up to 777,262 Shares for the period from September 23, 2025 to September 22, 2026 (the "Previous Bid"). Under the Previous Bid, Goldmoney repurchased 593,900 Shares at a volume weighted average price of
About Goldmoney Inc.
Goldmoney Inc. (TSX:XAU) is dedicated to the ownership and safekeeping of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewellery manufacturing. For more information about Goldmoney, visit goldmoney.com.
Media and Investor Relations inquiries:
Sean Ty
Chief Financial Officer
Goldmoney Inc.
+1 647 250 7098
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 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 of 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 speaks only as of the date hereof.
Forward-looking information in this release includes, but is not limited to, statements with respect to the board of directors of the Company's belief that the NCIB is advantageous to shareholders and that the underlying value of the Company may not be reflected in the market price of the Shares, whether the Company will purchase any Shares under the NCIB, and the business objectives of the Company. 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 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; the ability to identify and complete the acquisition of suitable real estate investment opportunities 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 and risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices and 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.
SOURCE: Goldmoney Inc
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does Goldmoney’s new normal course issuer bid start and end?
The NCIB is scheduled to commence on September 23, 2026 and terminate on September 22, 2027, unless the full 721,342 shares are repurchased earlier or Goldmoney decides to end the bid sooner.
How is Goldmoney allowed to exceed the daily TSX limit?
Goldmoney may repurchase more than 3,065 shares in a day by making additional purchases on alternative Canadian trading systems. In addition, once per calendar week, it may make a block purchase of shares not directly or indirectly owned by insiders, in line with TSX policies.
How did Goldmoney use its previous normal course issuer bid?
Under the previous bid, which covered the period from September 23, 2025 to September 22, 2026 and allowed for up to 777,262 shares, Goldmoney repurchased 593,900 shares at a volume weighted average price of $13.2197 through the TSX and alternative Canadian trading systems.
Why does Goldmoney’s board support this NCIB?
The board states that the market price of the shares may not always reflect the underlying value of Goldmoney and that repurchasing shares at appropriate times can protect and enhance shareholder value. On this basis, the board has determined that the NCIB is in the best interest of the company and its shareholders.