MetalStream Token

MSGLD

MetalStream logo

The Raise Total

$89,100,000

Price Per Token

$4.95

Raise Start

May 1, 2020

Minimum Investment

$24,750

https://www.metalstream.io/en/tokens/

MSGLD are backed by and redeemable for gold bullion. Get the liquidity of a token, plus the safety of gold, at a 40% discount to spot!

Fundraise Status

Number Investors 31
Raise Close Date June 30, 2020
Last Updated May 15, 2020

Raise Progress Active

Soft Cap
1.61% Complete
Current Amount Raised $1,432,030USD

Terms

Fundraise Information

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
Security Type other
Exemptions TBA
Instrument TBA

Token Information

Price Per (MSGLD) $4.95
Token Issuance Platform Tokeny
Token Protocol T-Rex
Token Issuance Info TBA
Payment Options
  • BTC
  • ETH
  • USD

Token Rights

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.

About

Overview

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

  • Purchase around 10% of defined metal resources from a mining developer via a metal stream, with a Net Smelter Return (NSR) royalty registered against the project as security.
  • Pay mining developer at 60% to 80% discount to the current spot price.
  • Tokenize the metal purchased, and sell the resultant security tokens at 30%+ discount to spot.

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

  • Capital for the exploration, development and construction of mining operations.
  • Monetisation of precious metals by-products from base metals operations.
  • Balance sheet restructuring and acquisition finance.
  • Financing without dilution of shareholders or increase of debt.

Benefits for the MSGLD Token-holders

  • Acquisition of precious metal at a 30% discount to current spot prices.
  • Holding of precious metal without storage, security and insurance overheads.
  • Tokens inherently more liquid than the underlying metal.
  • Tokens backed by and redeemable for LBMA certified bullion.


Highlights

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 are available now via private placement for USD 4.95*, equivalent to USD 990 oz
  • Minimum purchase via private placement of 5,000 MSGLD or USD 24,750.
  • Total discount to spot price of gold at the private placement price is around 40%.
  • Gold is forecast to reach USD 1,800 in 2020, giving a private placement return of over 1.8x.

*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 eli@metalstream.io for a subscription agreement.


Team

Rohan Cavaliero

Managing Director

Andrew Walsh

Director, Corporate Strategy

Eli Weir

Director, Technology & Operations

Scott Joseph

Marketing & Communications

Siti Khadijah "Aja" Yunus

Legal & Compliance

Windi Weir

Investor Relations

Use of Funds

Payment for gold metal streams

56%

Purchase of bullion for early redemptions

25%

Operations and acquisition of additional gold metal streams

19%

Documents