PDS Family Hycet Trust signed a binding term sheet to acquire Schiff Gold, LLC from Goldmoney Inc. (TSX:XAU) on September 26, 2023. As of December 1, 2023, PDS Family Hycet Trust agreed to acquire Schiff Gold, LLC from Goldmoney Inc. (TSX:XAU). PDS Family Hycet Trust will exchange 212,600 common shares of Goldmoney and 280,000 common share purchase warrants of Goldmoney in consideration for all of Goldmoney's membership interests in SGL. The Goldmoney Shares shall have a deemed value of approximately CAD 1,798,596. The Goldmoney Warrants were issued in tranches of 140,000, 70,000 and 70,000, with exercise prices of CAD 25.00, CAD 27.50 and CAD 33.75, respectively, and an expiry date of November 14, 2026. The Goldmoney Securities are currently held by the Purchaser and were issued when Goldmoney acquired SGL in 2016. Goldmoney received 212,600 common shares of Goldmoney and 280,000 common share purchase warrants of Goldmoney in consideration for all of Goldmoney?s membership interests in SGL. Goldmoney also received payment of USD 290,000 (CAD 391,500) upon closing of the Transaction. The Goldmoney Shares have a deemed value of approximately CAD 1,798,596 and the Goldmoney Warrants have a deemed value of approximately CAD 147,657 based on a Black-Scholes valuation. The transaction and the cancellation are subject to all applicable regulatory approvals, including that of the Toronto Stock Exchange.

PDS Family Hycet Trust completed the acquisition of Schiff Gold, LLC from Goldmoney Inc. (TSX:XAU) on December 1, 2023.