NatGold Digital Announces Divestiture of Colombian Subsidiary
NatGold Digital Announces Divestiture of Colombian Subsidiary
New York, NY – December 31, 2024 – NatGold Digital Ltd. (“NatGold Digital” or the “Company”) announces the divestiture of its wholly owned Colombian subsidiary, Green Gold Communications S.A.S., to an arm’s length third party for nominal consideration. The subsidiary, which had no assets or ongoing operations, was sold as part of NatGold Digital’s broader corporate strategy to streamline its structure and align all operations under its centralized headquarters in New York.
Anthony Wile, CEO of NatGold Digital, commented, “Closing this subsidiary before year-end was essential to avoiding another year of auditing a foreign entity in 2025 that holds no assets or operational purpose. Maintaining it would have only added unnecessary accounting costs without any strategic value. Our focus remains on operational efficiency and a centralized approach in New York, aligning with the Company’s long-term growth plans.”
With this divestiture, NatGold Digital has fully exited any corporate operations in Colombia, ensuring that all business activities and strategic initiatives remain aligned with its core mission of revolutionizing gold investment through its patent-pending eco-friendly digital mining model.
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The information in the above release has been prepared by NatGold Digital Ltd. (“NatGold”) using its best efforts to realistically and factually present the information contained herein. However, subjective opinion, reliance on factors outside NatGold’s control, and external information sources unavoidably mean that NatGold cannot warrant the information to be exhaustive, complete, or sufficient. The information regarding the intrinsic value of gold, NatGold valuation calculations, sustainable investment and non-dilutive investment premiums, the minting of NatGold coins, NatGold’s future value, outlook, growth potential, and its plans or intentions regarding a future public listing (collectively, “forward-looking statements”) discusses future expectations, contains projections of future results of operations or financial condition, or states other forward-looking information. Forward-looking statements include, but are not limited to, the statements regarding the foregoing information. A variety of risks, uncertainties, and events may cause actual results to differ materially from the expectations and projections described by NatGold in these forward-looking statements. Actual results could differ materially from those currently anticipated due to factors including, but not limited to: changes in operating costs; shifts in economic conditions and industry trends in NatGold’s sector; fluctuations in foreign exchange and financial markets; changes in gold prices and AISC costs; variations in investment levels; litigation; legislation; environmental, judicial, regulatory, political, and competitive developments in the regions where NatGold operates; and technological, mechanical, and operational challenges encountered in connection with NatGold’s development activities. Furthermore, any reference to “certification” concerning a mineral resource does not imply compliance with JORC Code, NI 43-101, or S-K 1300 standards but instead refers to the resource’s certification under NatGold’s tokenization eligibility requirements and subsequent certification as Certified NatGold Resources. While NatGold considers these assumptions reasonable based on currently available information, they may prove incorrect. Actual results may vary from forward-looking statements due to various risks, uncertainties, and unforeseen circumstances. The information provided herein is intended solely for general informational purposes and does not constitute an offer or solicitation for the purchase or sale of any shares or securities of NatGold. There are substantial risks associated with investing in development-stage technology companies. Potential investors should seek advice from a qualified financial dealer before investing in NatGold.
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