Goldmoney Inc. (XAU.TO) Earnings Call Transcript & Summary

Good day, ladies and gentlemen. Welcome to the 2021 Goldmoney Inc. AGM Conference Call. [Operator Instructions] This call is being recorded on September 13, 2021. I would now like to turn the conference over to CEO and Chairman, Roy Sebag. Please go ahead.

Good afternoon, ladies and gentlemen, and welcome to the Goldmoney 2021 Annual General Meeting. [Operator Instructions] I would now like -- sorry, good afternoon, ladies and gentlemen. Welcome to the Annual Meeting of the Shareholders of Goldmoney Inc. My name is Roy Sebag, and I'm the Chief Executive Officer and Chairman of Goldmoney Inc. Today's meeting includes 5 items of business: number one, to present to the meeting the corporation's audited consolidated financial statements for the financial years ended March 31, 2021 and March 31, 2020 and the auditors' report thereon; to set -- number two, to set the number of directors of the corporation for the ensuing year at 5; number three, to reelect 5 directors of the corporation for the ensuing year; number four, to reappoint KPMG LLP as auditors of the corporation and to authorize the directors to fix their remuneration; and number five, to transact such other businesses as may properly come before the meeting or any adjournments or postponements. There will be an opportunity to ask questions after a description of the resolutions to be voted upon. I will now call the meeting to order. In accordance with the bylaws of the corporation, I will preside as Chairman of the meeting. I will ask Dennis Peterson of Peterson McVicar LLP, Legal Counsel of the corporation, to act as secretary of the meeting. Unless there is an objection, I will ask Christopher de Lima of TSX Trust Company to act as scrutineer for the meeting. I now instruct the secretary to table the meeting the following documents: number one, Notice of Meeting; number two, form of proxy; number three, management information circulated on July 27, 2021; and number four, the audited financial statements and management's discussion and analysis of the corporation for the fiscal year ended March 31, 2021. These documents are tabled in order that any shareholder may examine the same if so desires. The secretary has advised me that these documents have been provided to each director of the corporation, the auditors of the corporation and each person who is a shareholder of record of the corporation on July 27, 2021, the record date for the meeting. A statutory declaration of mailing has been provided to the corporation by TSX Trust Company, and I direct that the affidavit be annexed to the minutes of the meeting. Accordingly, unless there is an objection, I will dispense with the reading of the Notice of Meeting and the statutory declaration of mailing. The scrutineer has provided me with the preliminary report regarding shareholder attendance and representation at this meeting. The scrutineer reports there are 66 shareholders present at this meeting in person or by proxy, holding 36,933,337 common shares. Accordingly, I declare that the requisite quorum of shareholders is present, and I declare that the meeting is duly and properly constituted for the transaction of business. I direct that the scrutineer's completed report on attendance be annexed to the minutes of the meeting. Before commencing the business of the meeting, I would like to comment on the voting procedure. Each holder of a common share is entitled to one vote for each share held by him or her in respect of each matter to be dealt with at the meeting. All matters will be voted by verbal affirmation unless a ballot is requested by a shareholder. Please note that where matters are voted on by verbal affirmation, each shareholder or proxyholder present in person at this meeting has the right to demand that a ballot be conducted on that resolution either before verbal affirmation vote or following that vote. Where a ballot is conducted on any resolution, I will vote by ballot all proxies submitted to me as proxyholder as required by law. As the first item of business, the corporation's audited financial statements for the years ended March 31, 2021 and March 31, 2020 and the auditors' report on those financial statements are hereby placed before the meeting. Copies of such documents have been made available to all of the shareholders. And unless someone specifically requests, the auditors' report appended to the financial statements will not be read. We will now proceed with setting the number of directors of the corporation for the ensuing year. The number of directors to be set at the meeting is 5. Would someone move therefore the following resolution? We hereby resolve the number of directors of the corporation for the ensuing year be set at 5.

I so move.

Yes, I second it. It's Mahendra Naik, shareholder.

Unless a shareholder or proxyholder entitled to vote at this meeting requests a ballot, I shall conduct the vote by verbal affirmation. I will now call for a vote on the motion. All in favor, please signify by verbal affirmations.

Yes.

Aye.

Contrary if any? I declare that the resolution setting the number of directors of the corporation at 5 for the ensuing year has been carried. The next item of business is the election of directors of the corporation for the ensuing year. The number of directors to be elected at the meeting is 5. I declare the meeting open for nominations.

Mr. Chairman, I can assist. Dennis Peterson, Legal Counsel to Goldmoney. I nominate the following persons as directors of the corporation for the ensuing year: Roy Sebag, James Turk, Stefan Wieler, Mahendra Naik, Andres Finkielsztain.

The nominees named are nominees that management has disclosed in the information circular. Are there any further nominations? Since there are no further nominations, I hereby declare the nominations closed. Would someone move therefore the following resolution? We hereby resolve that the persons so nominated be elected as directors of the corporation to hold office for a term to expire immediately following the next Annual Meeting of Shareholders or until their respective successors are elected or appointed or they otherwise cease to hold office.

This is James Turk. I so move.

Mahendra Naik, shareholder. I second the motion.

Unless a shareholder or proxyholder entitled to vote at this meeting requests a ballot, I shall conduct the vote by verbal affirmation. I will now call for a vote on the motion. All in favor, please signify by verbal affirmation.

Aye.

Aye.

Contrary if any? I declare the resolution electing the directors of the corporation for the ensuing year has been carried. The next item of business is the resolution appointing the auditor for the ensuing year and authorizing the directors to fix their remuneration. Would someone move therefore the following resolution? We hereby resolve that KPMG LLP be and they are hereby appointed as auditors of the corporation to hold office until the close of the next Annual Meeting of Shareholders or until their successors are appointed and such remuneration as may be fixed by the directors and the directors be and they are hereby authorized to fix such remuneration.

This is James Turk. I so move.

Mahendra Naik, shareholder. I second the motion.

Unless a shareholder or proxyholder entitled to vote at this meeting requests a ballot, I shall conduct the vote by verbal affirmation. I will now call for a vote on the motion. All in favor, please signify by verbal affirmation.

Aye.

Aye.

Contrary if any? I declare that the resolution appointing the auditors of the corporation for the ensuing year and authorizing the directors to fix their remuneration has been carried. Is there any other formal business that may be properly brought before this meeting? If there is no business to come before the meeting, we will proceed with the question-and-answer period.

[Operator Instructions] It appears there are no questions at this time. I'll turn it back to you for closing remarks.

Okay. Well, I'd just like to thank everyone that joined and have been listening. We think that in general, we've been providing updates to the company through our disclosures and monthly presentations as well as press releases. We're gearing up for an exciting year. We would like to thank all of our colleagues and professional colleagues, team members and most importantly our clients and to the Board of Directors for all their work in the past year. And we look forward to another successful year in 2021/2022. So unless there are other questions, this will conclude the formal business brought before the meeting. I wish to thank everyone for attending, and I will now ask for a motion that this meeting be terminated.

I so move that this meeting be terminated. This is James Turk.

Yes. It's Mahendra Naik. I second the motion. And thank you, everybody.

All in favor, please signify by verbal affirmation.

Aye.

Aye.

Contrary if any? I hereby declare the motion carried and the meeting terminated.

Ladies and gentlemen, this concludes the 2021 Goldmoney Inc. AGSM Conference Call for today. We thank you for participating and ask that you please disconnect your lines.

Thank you, everyone.

Thank you.

Thanks, everyone.

Thanks. Have a good day.