Digital Commodities sells 5 million Gold Finder shares

Executive Summary

• Digital Commodities Inc. successfully monetized its position in Gold Finder Resources, selling 5 million shares for gross proceeds of $530,000, realizing a 320% gain on the investment.
• The company retains a significant remaining stake in Gold Finder Resources, holding an additional 5 million shares and 10 million warrants, maintaining exposure to the asset's future value.
• The company also reports meaningful appreciation in its Sprott Physical Gold Trust holdings, citing a strategic alignment between traditional and digital commodities amidst rising gold prices.

Key Details

• Gold Finder Resources Sale:
  • Quantity sold: 5,000,000 shares.
  • Average sale price: $0.106 per share.
  • Gross proceeds: $530,000.
  • Return on investment: 320% gain based on an acquisition cost of $0.025 per share.
• Remaining Holdings:
  • Digital Commodities continues to hold 5,000,000 shares of Gold Finder Resources.
  • The company holds 10,000,000 warrants in Gold Finder Resources, exercisable at $0.05 per share.
• Sprott Physical Gold Trust:
  • Holdings: 6,500 units.
  • Performance: Meaningful appreciation aligned with the recent surge in gold prices, which reached new all-time highs during the quarter.
• Financial Position:
  • The company maintains strong cash reserves.
  • The company has no debt.
  • The company operates under a disciplined capital allocation framework.
• Strategic Outlook:
  • The company is actively evaluating blockchain-enabled and tokenized commodity platforms.
  • Focus remains on broadening access to digital representations of tangible assets such as gold and energy.

Notable Quotes

• "Our success with Gold Finder Resources reflects both our timing and our patience," said Brayden Sutton, chief executive officer of Digital Commodities. "We remain committed to creating long-term value for our shareholders through selective exposure to both traditional and digital commodity assets."