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Frequently Asked Questions
How will the tokens have liquidity?
MetalStream security tokens are inherently more liquid than gold as MSGLD will be listed on several reputable, regulated and accredited digital exchanges, tradeable 24 hours a day. Tokens may also by traded directly between parties, and via any OTC broker dealing with digital securities. In addition, tokens may be redeemed for physical gold by token holders at any time beyond the initial stipulated holding and redemption periods, as per their terms of issue.
Is Bruner a good gold project for mining?
Canamex's Bruner project has some of the best drill intercepts in Nevada, which includes 110 m at 4.08 g/ton of gold and 57.9 m at 5.23 g/ton of gold. A typical grade for open-cut oxide mines (such as Bruner) is 0.5 g/ton. The project is currently estimated to have total resources of around 391,000 oz of gold and 3,641,000 oz of silver, with potential expansion of these resources through further drilling, and over 80% of
What if the underlying metal price drops?
MSGLD is offered at a 30-35% discount to the current spot price of gold, which mitigates against a potential negative drop in the future spot price. Purchase of MSGLD offers investors improved diversity and portfolio hedging opportunities.
Is there a minimum token redemption number?
Holders of MSGLD are granted the right to redeem their tokens for physical gold, at the rate of 2,000 tokens for one 10 oz gold bar, after the minimum holding period as per the terms of issue. Redeemed bullion will have a fineness of 99.99% as certified by the LBMA. On redemption, the option will expire and the tokens will be burned.
When is the bullion delivery date?
A bullion delivery date event will be declared by MetalStream. MSGLD can be redeemed from the bullion delivery date, or 3 years after the initial token offering closing date, or 120 days after the declaration of commercial production from the Bruner and/or Marudi projects, whichever comes first.
What if I lose my tokens, or they are hacked and stolen?
Ownership of gold via MSGLD security tokens is safer than traditional gold ownership for a number of reasons. The blockchain offers an immutable record of ownership, and a full audit trail which includes the physical verification of the gold itself. Should MSGLD holders lose access to their wallets (for example, by forgetting a password or having their computer stolen), then the tokens can be reissued by MetalStream. Furthermore, in the unlikely event of hacking, theft or fraudulent transfer
Canamex audited accounts show losses, is this an issue?
Canamex has invested millions of dollars thus far in both the exploration of its Bruner project, and in proving the mineral resources. The audited accounts of Canamex are up to date and have been filed on Sedar, for public viewing. The losses have been capitalised as funds have been spent in drilling and proving gold and silver resources; and funding the PEA(https://storage.tools.robotinfra.com/media-canamex/filer_public/0c/0f/0c0f551a-c292-40c6-8d0d-7eca
Do the MSGLD security tokens expire over time?
The MSGLD security token holder is granted a perpetual option on gold, which can only expire or be cancelled upon delivery of the physical bullion against the token. There is therefore no expiry date on the security token itself.
How liquid are the MSGLD security tokens?
As tokenized gold, available for purchase globally, MSGLD is inherently more liquid than physical gold. MSGLD can be traded directly, and are planned to be listed on multiple secondary exchanges, offering 24 hour liquidity for token holders. Tokens are by their nature more efficiently and easily stored and traded than physical metal.
Are the tokens compliant?
The MSGLD security tokens are defined on the Ethereum blockchain at address 0x096b9077f6D2925C36a696345671BD9782df3c86. MSGLD is certified by Blockchain Labs Asia to be compliant with the T-REX security token standard, and meet the requirements necessary to be listed as a “Security Token” and “Tokenized Asset”. T
What is the minimum subscription?
The minimum subscription for MSGLD is 500 (USD 2,750).
How many tokens will be issued in this offering?
The total number of MSGLD issued in this offering is 16 million; being about 12.5% of the currently defined gold resources.
What is the subscription price of the tokens?
Each MSGLD costs USD 5.50 and is backed by 1/200 oz of gold, a 30-35% discount to the spot price of gold (depending on the spot price at the time of sale).
Can I redeem tokens in the event of any delays in mining development?
MetalStream utilises up to 25% of the funds from token sales to purchase and store LBMA certified bullion, so that token holders will have an early redemption opportunity, after the mandatory holding period has expired, and a bullion delivery event has been declared.
What is the quality and security of bullion for redemption?
The bullion used for redemption against MSGLD security tokens will be certified with a fineness of 99.99% by the LBMA (London Bullion Market Association) and stored in an LBMA accredited bullion storage vault.
Are the tokens safe and secure?
Aside from having an asset-backing, as a T-REX compliant security token, MSGLD offer inherently greater levels of safety and security to the holder over a utility token or cryptocurrency. Ownership of precious metal via MSGLD is safer than traditional means of ownership, as the blockchain provides an immutable audit trail and proof of ownership, including the physical verification of the gold itself. The token
What if I lose access to my tokens?
If an MSGLD holder ever loses access to their tokens, MetalStream will help facilitate recovery quickly and efficiently. In the unlikely event that the tokens are proven to have been transferred to a third-party as a result of theft or fraud, MetalStream may execute a forced transfer to allow full recovery of the MSGLD by the rightful owners. Should you have any issues please click on the chat box on our homepage or contact MetalStream, via one of the methods b
Is there a maximum subscription?
There are 16 million MSGLD on offer at USD 5.50 each, for a total of USD 88 million. Aside from the total number of tokens available, there is no maximum subscription per investor.
What amount of resources have been used to back the tokens?
When purchasing metal streams to back tokens, MetalStream limits this acquisition to less than 12.5% of the known metal resources, with MetalStream token holders given rights on the first extraction from the development. This mitigates against the failure of any one mine to reach its forecast potential, as tokens are issued against the metal stream and not the mining development.
What currency can be used to subscribe?
Tokens may be purchased with USD, CAD, EUR, ETH or BTC.
What is the asset backing of the tokens?
The first issuance of MSGLD is backed by precious metal from Canamex Gold Corp's Bruner project, and Guana Goldstrike Inc's Marudi project. MetalStream have negotiated purchase of around 10% of the known deposit in each project via a metal stream contract. This is secured against the mining concession. Both Canamex and Guyana Goldstrike are Canadian listed companies, operating with all necessary pe
Is there a minimum holding period for the tokens?
Tokens purchased under this offer have a minimum holding period of 90 days in accordance with Malaysian securities regulations, enforced via transfer restrictions on the tokens issued.