11 February 2003 - G.M. Network Ltd., the company that developed and now operates GoldMoney - which provides digital gold currency to a growing number of customers in 102 countries worldwide - today announced that it has completed an investment round to provide it with funding for future growth. The lead investor is IAMGOLD Corporation, a major Canadian gold mining company that is publicly traded on the Toronto and American stock exchanges.
Clifford Press, chairman of GoldMoney said: 'We will shortly be launching our program to enable mining companies to pay a gold dividend. The first group of gold producers is ready to go. This investment is an important milestone for the gold dividend program.'
When it presented its Gold Money Policy in January 2002, IAMGOLD Corporation was the first mining company to announce a gold dividend. Other major gold producers followed its lead. More details about IAMGOLD's Gold Money Policy are available from its website:
http://www.iamgold.com/public-relations/press-releases/GoldMoneyPolicy.htm [page no longer available]
'Last year new accounts in GoldMoney grew by 13% per month on average. We expect this growth to continue as the rising gold price continues to attract attention,' Press added.
As the inventor of digital gold currency, GoldMoney is setting the global standard for instantaneous, 24/7 non-repudiable payments worldwide.
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