OREANDA-NEWS. GoldMoney Inc. (TSX-V: XAU) ("GoldMoney" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. and Clarus Securities Inc. and including Mackie Research Capital Corporation (collectively, the “Underwriters”) to increase the size of its previously announced financing of common shares of the Company from aggregate gross proceeds of C$15,000,000 to C$31,860,719 (the "Expanded Offering").  In connection with the Expanded Offering, the Underwriters have agreed to purchase, on a bought deal basis, an additional 4,323,261 common shares (the “Shares”) of the Company at a price of C$3.90 per share, bringing the total number of Shares to be issued to 8,169,415 Shares. PowerOne Capital Markets Limited acted as financial advisor with respect to the Offering.

The Underwriters will also have the option exercisable, in whole or in part, to purchase that number of additional Shares that is equal to 15% of the additional Shares sold pursuant to the offering to cover the Underwriters' over-allotment position. In the event that the option is exercised in its entirety, the aggregate gross proceeds will increase from C$17,250,000 to C$36,639,829.

It is expected that the Shares will be offered to "accredited investors" in all of the provinces of Canada (other than the Province of Quebec) pursuant to National Instrument 45-106 – Prospectus Exempt Distributions and in the United States on a private placement basis pursuant to exemption from the registration requirements of the United States Securities Act of 1933, as amended. The Shares will be subject to a four-month hold period in Canada.

The Shares have not been registered under the United States Securities Act of 1933, as amended, or applicable state securities laws, and the Shares may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

The Expanded Offering is expected to close on or about February 24, 2016. Closing of the Expanded Offering would be subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

“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, CEO of GoldMoney. "Upon closing of this placement, the Company will hold over C$60,000,000 in cash, liquid investments and callable-warrant funding available. After strong month-over-month growth in nearly every business metric to date, we now have the backing and the capital-certainty to scale our business globally.”