Mr. Sean Ty reports
GOLDMONEY INC. ANNOUNCES ASSET DISPOSITION
Goldmoney Inc.'s wholly owned subsidiary, Goldmoney Properties Ltd. (U.K.), has sold its St. James Place real estate property (the SJP property) for gross proceeds of 37.9 million pounds sterling ($70.1-million) to an institutional investor based in the United States. For a description of the SJP property, see the previous press release of the company dated Dec. 22, 2023.
Net proceeds from the sale of the SJP property will be used to finance capital expenditures related to redevelopment properties in the company's existing property portfolio, reduce outstanding indebtedness and support the acquisition of additional strategic property assets in alignment with the company's investment strategy.
About Goldmoney Inc.
Goldmoney specializes in the investment and custody 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.
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