Goldfields raises funds for new platform

Financial services provider Goldfields Money has raised $4.2 million from investors as it launches a new digital platform and completes a rebranding.

Perth-based, ASX-listed Goldfields raised the funds through the placement of 4.5 million shares at 95 cents each to new and existing investors, with the price representing a 3 per cent discount to the company’s 20-day volume-weighted average price.

Chief executive Simon Lyons said the funds raised would be used for the implementation of a new core banking system, with the digital platform expected to go live in the first quarter of the 2018 financial year.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/17

1 year TSR5 year TSR
451stGoldfields Money15%0%
547thSterling Plantations-0%-20%
751stRewardle Holdings-68%0%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$49k Bought
$930 Bought
$5k Bought
Total value as at the date of the transaction
Source: Morningstar


100th↓Goldfields Money$3.6m
111th↓Sterling Plantations$2.4m
112th↑Rewardle Holdings$2.3m
221 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Goldfields Money

1008thSimon Lyons$140k
868thPeter Wallace$39k
1773rdJames Austin$28k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer