|Raise Close Date||June 30, 2020|
|Last Updated||May 15, 2020|
|Current Amount Raised||$1,432,030USD|
|Total Raise||$89,100,000 USD|
|Soft Cap||$50,000,000 USD|
|Raise Status||Open since Active|
|Minimum Investment||$24,750 USD|
|Accepted Investors||US & International Accredited Only|
|Price Per (MSGLD)||$4.95|
|Token Issuance Platform||Tokeny|
|Token Issuance Info||TBA|
MSGLD represents a perpetual option on gold owned by MetalStream under the purchase agreements it has executed with suppliers. Each MSGLD is backed by and can be redeemed for 1/200 oz LMBA certified gold bullion. MSGLD can be redeemed in lots of 2,000 MSGLD for a 10 oz gold bar, after the company declares a redemption event.
MetalStream Ltd (LL16561) was incorporated in Labuan (Malaysia) to acquire existing precious metal streams and royalties from mining development companies, sell security tokens backed by the metal streams, and earn from the difference in price between the metal stream and the token. Present focus is gold, with other precious metals planned for in the future.
The MetalStream Model
MetalStream has executed the purchase of three gold metal streams with Canamex Gold Corp, Guyana Goldstrike Inc, and Altamira Gold Corp, all reputable listed North American companies operating in low-risk mining jurisdictions. These metal streams total 90,000 oz gold and have been tokenized as 18 million MSGLD asset-backed security tokens issued on the Ethereum blockchain. Each MSGLD is backed by 1/200 oz gold bullion.
Additional streams are being negotiated for further MSGLD issuance in 2020 and beyond, with a target of 200 million MSGLD being issued by the end of 2022.
Benefits for the Mining Developers
Benefits for the MSGLD Token-holders
The first issue of MSGLD is 18 million tokens representing 90,000 oz gold. MetalStream is currently selling these 18 million tokens via private placement, prior to the subsequent public offer of an additional 90 million tokens.
*MSGLD will sell for USD 6.00 in the public offer, equivalent to USD 1,200 oz.
Please review our website at www.metalstream.io for more information, or contact email@example.com for a subscription agreement.