Lionsgold Limited E-Money Licence Received (7175V)
November 07 2017 - 1:00AM
UK Regulatory
TIDMLION
RNS Number : 7175V
Lionsgold Limited
07 November 2017
7 November 2017
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
E-Money Licence Received
Lionsgold, the gold-focused exploration company with assets in
India and Finland, and a financial technology ("fintech")
subsidiary that provides online accounts for holding physical gold,
is pleased to announce that its majority owned fintech subsidiary,
TRAC Technology Ltd ("TRAC"), has received approval as an EMD Agent
from the Financial Conduct Authority ("FCA") to act as a payment or
e-money institution under an electronic money ("E-Money") licence
(FCA reference number 902012).
Cameron Parry, Lionsgold CEO, commented: "We are delighted to
report that Lionsgold's fintech subsidiary, trading as "The Real
Asset Co", has received FCA approval to provide certain regulated
products and services under an E-Money licence.
"As announced to the market on 18 October 2017, Lionsgold has
been developing TRAC's physical gold account product offering into
"Goldbloc" - a global digital currency that represents direct
ownership of physical gold (www.goldbloc.com). This approval is an
important step to complete in the lead up to the initial product
release."
For further information, please visit www.lionsgold.com or
contact:
Lionsgold Limited Tel: +44 (0)20 3778 0578
Cameron Parry (Chief Executive Officer)
Luke Cairns (Executive Director)
WH Ireland Limited (Nominated Adviser) Tel: +44 (0)113 394 6600
Tim Feather / Ed Allsopp
Smaller Company Capital Limited (Joint Broker) Tel: +44 (0)20 3651 2911
Rupert Williams / Jeremy Woodgate
Beaufort Securities Limited (Joint Broker) Tel: +44 (0)20 7382 8300
Elliot Hance
Tavistock (Financial PR) Tel: +44 (0) 207 920 3150
Emily Fenton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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