Tally Banking Platform & Challenger Currency Live

TALLY LTD

("TALLY" or the "Company")

Tally Banking Platform & Challenger Currency Goes Live

10 June 2019

TALLY LTD, the money innovator and developer of the 100% reserve banking platform and physical asset currency, Tally®, is pleased to announce its smartphone banking app is now available to the UK public to open a Tally® banking account and save and spend in Tally®. The release of the app is a major milestone for the Company. It is the culmination of more than two years' design and development work and now, for the first time, people have a choice in the quality of mainstream money they use in their daily lives. Tally® is initially being released to UK residents only, however it's immediately able to be spent at over 37 million merchant outlets globally through the Tally® Mastercard® debit card, and the Company is focused on delivering a better type of money worldwide.

Highlights:

·   The Tally® App and Mastercard® debit card have completed beta testing and the App is now available on the Apple App Store and Google Play Store.

·    Tally® is a world first mainstream challenger currency, designed by the private sector, for people to save and spend every day, through their own individually issued banking accounts, denominated in Tally®. At time of this announcement 1 GBP = 30 Tally® (i.e. £1 = t30)

·     Tally® is not a fiat currency and not a cryptocurrency.

·    Tally® is a money that every person in the world can understand.  1 Tally = 1 milligram of physical gold belonging to the customer. It is connected through the Tally® App to use the established global banking network, but the customer's tangible asset (physical gold) is kept outside of it.

·  Tally® provides customers protection from government fiat currency devaluation (inflation), protects from bank counterparty risk and systemic bank contagion. And Tally® is 100% insured.

·   There are no transaction costs and no fees added to foreign exchange rates when travelling.  Tally® uses the global gold spot price and Mastercard® wholesale FX rates. And ATM withdrawals are free.

·   Platform access, security, storage, and insurance is covered by a transparent single monthly charge in Tally® of 0.1% of a customer's average monthly holding (the equivalent of £1 per £1,000 of Tally® held). This reduces to 0.05% per month on any holding over t500,000.

·     Tally® can be spent at over 37 million merchant outlets worldwide that accept Mastercard®

Cameron Parry, Chief Executive Officer, commented: "We are delighted to announce that the Tally® app is now available to download on the Google Play and Apple App Store. After more than two years in design and development, and with the Company's shares being unavailable for trading since mid-2018, our banking app is now available for UK residents to start saving and spending in Tally®. Money that adds up.

 

"Tally® is both the name of the banking platform and the unit of currency, just like Pounds or Dollars, except 1 Tally is a 1 milligram of LBMA (London Bullion Markets Association) approved physical gold, belonging to the customer - proven to be a better store of value over time than any fiat currency.  Tally® uses the latest innovations in financial technology to create an independent banking platform and hard asset currency that sits outside of the existing banking infrastructure, while seamlessly operating with it.

 

"This means Tally® is insulated from government fiat currency devaluation (inflation) and systemic bank risks associated with the fiat currency-based fractional reserve banking system, while offering the usability and familiarity of a mainstream banking account and contactless debit card.

 

"This is a historic day. For the first time, consumers can choose an alternative mainstream currency that is independent, insulated and innovative - putting control and certainty of money back into the hands of the customer.  Important to note, Tally® is not a cryptocurrency.

 

"We would like to thank all those that have helped Tally® become a reality, from our board and senior management team and 'Team Tally' personnel, through to all Tally® beta testers and all of our service providers, for their support, hard work and focus on delivering an important alternative money that operates complementary to, and seamlessly with, government issued fiat currency.

 

"TALLY is a public company that intends to be listed again in London as part of its commitment to the true democratisation of money.  Thereby not only providing people choice in the mainstream money they use, but also giving people the choice to own part of the Company that operates the self-contained monetary system.

 

"TALLY also has significant holdings in key technology partner Railsbank Technology Ltd, as well as gold mining and exploration interests in India and Finland and we shall be updating shareholders in due course on those fronts, along with other activities in the lead up to the Company's planned listing later this year.  The immediate next stage regarding Tally® is to further fine tune our processes with a larger customer base, before an official press launch as we focus on increasing users and spreading the message of Tally®."

 

For further information or if shareholders have any queries, please contact our office via This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Enquiries:

 

Cameron Parry (Chief Executive Officer)

 

 

Tel: +44 (0)20 8065 0215

 

This email address is being protected from spambots. You need JavaScript enabled to view it.

 

www.tallymoney.com

 

 

About TALLY

·   TALLY LTD is the innovator of Tally® - a 100%-reserve banking platform and physical asset currency designed by the private sector, that operates seamlessly with the government fiat currency and fractional-reserve banking system.

·     Each unit of Tally® is one milligram of LBMA-accredited gold held by the customer and utilised via their individually issued savings and payment account and Mastercard® debit card.

·     Tally® is not a fiat currency and Tally® is not a cryptocurrency.

·     The Tally® banking platform connects physical asset ownership to the global banking system.

·   TALLY's wholly owned UK subsidiary company, TallyMoney Ltd, is a recognised E-Money Directive Agent (FCA Ref. No. 902059) under Financial Conduct Authority-licensed E-Money Institution, PayrNet Limited (FCA Ref No. 900594).

·     Go to www.tallymoney.com to download the banking app and open a Tally® account.

·     TALLY also has significant shareholdings in financial technology company Railsbank Technology Ltd (12.5%), leading India gold exploration company Geomysore Services India Pte Ltd (22%) and Finland gold exploration joint venture company Kalevala Gold Oy (32%).

Result of General Meeting & Change of Company Name

Lionsgold Limited

("Lionsgold" or the "Company")

Result of General Meeting & Change of Company Name

29 April 2019

Lionsgold announces that at the extraordinary general meeting of the Company held today at midday, the resolutions were duly passed, including the resolution to approve a change of the Company's name to TALLY LTD.

The change of name will take effect on receipt of the change of name certificate by the Guernsey Registry, which is expected to be received on 30 April 2019.

Following the official change of name, all corporate and other relevant information shall be transferred to the Company's www.tallymoney.com website. In anticipation of the Company having its shares listed again, the ticker 'TALY' has been reserved.

For further information or if shareholders have any queries, please contact our office via This email address is being protected from spambots. You need JavaScript enabled to view it.

Enquiries:

Cameron Parry (Chief Executive Officer)

Tel: +44 (0)20 8065 0215

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.tallymoney.com

About Tally®

· Tally® is a 100%-reserve banking platform and physical asset currency that operates seamlessly with the fiat currency fractional-reserve banking system.

· Each unit of Tally® is one milligram of LBMA-accredited gold held by the customer and utilised via their individually issued savings and payment account and Mastercard debit card.

· Tally® is not a fiat currency and Tally® is not a cryptocurrency.

· The Tally® banking platform connects physical asset ownership to the global banking system.

· Lionsgold's UK subsidiary company, TallyMoney Ltd, is a recognised E-Money Directive Agent (FCA Ref. No. 902059) under Financial Conduct Authority-licensed E-Money Institution, PayrNet Limited (FCA Ref No. 900594).

· Go to www.tallymoney.com to register for priority access to open a Tally® account.

Update, Proposed Name Change and Voting Rights

Lionsgold Limited

("Lionsgold" or the "Company")

Update, Proposed Name Change and Voting Rights

19 February 2019

Lionsgold is pleased to provide the following update in relation to the Company's product rollout and corporate repositioning in line with its neo banking platform and hard currency, TallyTM.

- TallyTM smartphone app is in final beta testing and shareholders interested in trying the product early are invited to contact This email address is being protected from spambots. You need JavaScript enabled to view it. to join the beta test.

- Notice of General Meeting to be circulated this month for proposed Company name change from "Lionsgold Limited" to "Tally Ltd" in line with the TallyTM brand and corporate strategy.

- Priority given to the public release of the TallyTM banking app, before completing the stock exchange admission process - revised timeframe to return shares to trading is mid-2019.

- Customers wanting to receive priority access to open a TallyTM account upon the platform's public release should register at www.tallymoney.com

Cameron Parry, Chief Executive Officer, commented: "We are pleased to be at the stage where we can share the TallyTM neo banking platform with shareholders.  The mobile banking app is in beta testing for both iOS and Android smartphones and public release is planned for later next month.  As shareholders will understand, the priority is to release TallyTM prior to relisting the Company.  The admission process shall re-commence following the public release of TallyTM and therefore the board anticipates the Company's shares will recommence trading in the summer.

"We hope shareholders are reassured by the release of TallyTM, which is the culmination of the product and business development undertaken during the period the Company's shares have been off the market, and can appreciate this is a necessary step toward re-listing the Company's shares."

"Lionsgold will circulate a notice of General Meeting ("GM") for shareholders to vote on the proposed change of Company name from "Lionsgold Limited" to "Tally Ltd", in line with product release and in readiness for the Company's return to the stock market."

"The board would like to thank all shareholders for their patience and support as Lionsgold completes this transformational phase of its corporate and commercial development."

 

Exercise of Warrants

As at end of December 2018, the Company had received notices of exercise in respect of the last of the warrants attached to the placing held in December 2017, to subscribe for new ordinary shares of no par value each ("New Ordinary Shares") at a price per share of 1.2p each (the "Warrant Shares").

The Company has therefore issued and allotted 24,000,000 new Ordinary Shares for a total of £288,000.  The New Ordinary Shares rank pari-passu with existing ordinary shares.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA ("DTRs"), the issued ordinary share capital of Lionsgold including the issue of the New Ordinary Shares is 588,641,114 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury, therefore this figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Lionsgold under the DTRs.

Director/PDMR Shareholding

Included in the total Warrant Shares figure set out above, Lionsgold's CEO Cameron Parry, exercised Warrant Shares to subscribe for 2,500,000 new Ordinary Shares in the name of Yarramen Corp Limited which is owned by his family trust; 20,000,000 Warrant Shares were exercised by Lionsgold's Non-Executive Director, Mr Mike Joseph; and 1,000,000 Warrant Shares were exercised by Lionsgold's Chief Platform Officer, Mr Ralph Hazel.

 

About TallyTM

- TallyTM is a 100%-reserve banking platform and hard asset currency that operates seamlessly with the fiat currency fractional-reserve banking system.

- Each unit of TallyTM is a milligram of LBMA-accredited gold held by the customer and utilised via their individually issued savings and payment account and Mastercard debit card.

- TallyTM is not a fiat currency and TallyTM is not a cryptocurrency.

- The TallyTM platform enables physical asset connectivity to the mainstream banking system.

- Lionsgold's UK subsidiary company, TallyMoney Ltd, is a recognised E-Money Directive Agent (FCA Ref. No. 902059) under Financial Conduct Authority-licensed E-Money Institution, PayrNet Limited (FCA Ref No. 900594).

- Go to www.tallymoney.com to register for priority access to open a TallyTM banking account.

 

Proposed Name Change & Update

Lionsgold Limited

("Lionsgold" or the "Company")

Proposed Name Change & Update

18 April 2019

As announced in the Company's operational update on 19 February 2019, the Board believes that, subject to shareholder approval, the Company's name should be changed from "Lionsgold Limited" to "Tally Ltd" (the "Name Change") to reflect the core business focus being the Company's self-contained monetary system, neo bank offering and mainstream challenger currency, Tally®.

The Lionsgold brand was created following appointment of new executive management in the second half of 2016, to reflect the new strategy introduced of a gold-focused vertically integrated business involved in the exploration, production and retail application of physical gold, through legacy gold mining assets in India, additional gold exploration assets acquired in Finland and the development of a financial technology (fintech) division.  Over the course of 2017 and 2018 Tally® was designed and developed and has now become the core business focus.  As such it is timely to update the Company name accordingly.

The Board is also pleased to provide the following update in relation to the Company's product rollout and the planned listing in London that is to follow.

- Tally® Mastercard debit cards being tested and first cards have been received internally with chip and pin and touch pay testing successfully

-  Approximately 150 people are participating in beta testing the Tally® smartphone banking app

- More than 1,500 people have registered through www.tallymoney.com (since mid-March when full site went up) to receive priority access to open a Tally® account

 - Notice of General Meeting circulated to complete proposed Company name change from "Lionsgold Limited" to "Tally Ltd" in the lead up to release of Tally®

- Pre-IPO funding round underway

 - The Company's priority remains Tally® going live to the public, following which work can recommence and timelines be updated regarding stock exchange relisting.

 - Customers who haven't already registered should do so at www.tallymoney.com if they would like priority access to open a Tally® account when it goes live

 Circular and Extraordinary General Meeting

The Company has posted a letter to Lionsgold shareholders providing details of the Name Change and incorporating the Notice of an Extraordinary General Meeting to be held on Monday the 29th of April 2019, at which resolutions to effect the Name Change will be put to shareholders.  For note, the Company remains the same, as does each shareholder's holding in it, regardless if it retains the name Lionsgold Limited or becomes Tally Ltd.

Cameron Parry, Chief Executive Officer, commented: "We continue to work hard on delivering Tally® for public use and we are buoyed by the rate of pre-registrations occurring via our website.  

"We appreciate shareholder interest in investing further in the Company and thank those who have already chosen to participate in the Company's pre-IPO. 

"We are also grateful of the understanding and support shown by shareholders as the Company progresses toward the release of Tally® to the UK public.  Finally, we hope all shareholders and their families have an enjoyable holiday weekend."

About Tally®

- Tally® is a 100%-reserve banking platform and physical asset currency that operates seamlessly with the fiat currency fractional-reserve banking system.

- Each unit of Tally® is one milligram of LBMA-accredited gold held by the customer and utilised via their individually issued savings and payment account and Mastercard debit card.

- Tally® is not a fiat currency and Tally® is not a cryptocurrency.

-  The Tally® banking platform connects physical asset ownership to the global banking system.

- Lionsgold's UK subsidiary company, TallyMoney Ltd, is a recognised E-Money Directive Agent (FCA Ref. No. 902059) under Financial Conduct Authority-licensed E-Money Institution, PayrNet Limited (FCA Ref No. 900594).

- Go to www.tallymoney.com to register for priority access to open a Tally® account.

Tally Gold Currency and Banking Platform

Lionsgold Limited

("Lionsgold", "LION" or the "Company")

Tally - Gold Currency and 100%-Reserve Banking Platform

Lionsgold (LSE: LION), the gold company focused on the exploration, production and retail application of physical gold, including the development of physical gold as a currency, is pleased to provide the following update in relation to the rebrand and repositioning of the physical gold currency developed within the Company.

Formerly known as "Goldbloc", over the course of this year the vision and potential application have evolved as a physical gold currency and alternative banking platform that operates complementary to fiat currency denominated banking accounts. In reviewing the former name and brand positioning in the context of the expanded scope of the platform and B2B2C business model, and following much deliberation and research over many months around multiple names and visual identities with a leading London brand stategy agency, the currency and platform is now "Tally".

·    Tally gives people the choice with their money to be able to access a 100%-reserve banking platform using a hard currency.

·     Each Tally is a milligram of gold directly owned by the customer and utilised in their individual banking account and debit card.

·    Important to note, Tally is not a fiat (government-issued) currency and Tally is not a cryptocurrency. Tally is a tangible asset utilised seemlessly via a customer's banking account and debit card that operates complementary to fiat currencies using the mainstream banking system.

·    The new holding page for the product is: www.TallyMoney.com where people can register to receive priority access to open a Tally account upon the platform's public release. 

·    Lionsgold has moved to secure trademark rights for use of the words "Tally" and "TallyMoney" in the relevant categories of use and in line with the rebrand.

·    Lionsgold's wholly owned UK subsidiary company "Goldbloc Ltd", has today changed its name to "TallyMoney Ltd" (and the company name as Electronic Money Directive Agent on the Financial Conduct Authority register will be updated accordingly).

Cameron Parry, Chief Executive Officer, commented: "The team are delighted to release the new name and brand of the gold currency and full-reserve banking platform - "Tally". This new positioning reflects the expanded scope and B2B2C product offering and business model.

"Congruent with the real physical gold currency we're delivering, "Tally" is a real word that is both a noun and a verb that refers to a unit, a ledger, a measurement of account and the action to count up, to correspond and to agree. It is still used in the modern vernacular and can be used in the singular or plural form, as a unit of one, or many. The board believes "Tally" to be a fitting and appealing brandname to serve as both the name of the unit of currency and the name of the platform.

"Money is omnipresent in our daily lives. We encourage all shareholders and followers of Lionsgold to register at www.TallyMoney.com to be notified when the platform goes live to the public and ensure they are some of the first to have access to depositing, spending and transacting in "Tally".

"Finally, as today is the last business day before automatic cancellation of LION shares from trading on the London Stock Exchange AIM market, we wish to inform shareholders that the Company's Annual General Meeting is planned to be held around the 19th of December in Guernsey with a pre-AGM shareholders meeting to be held in London during the week prior to the AGM. The notice of AGM shall go out within the next two weeks and that and other communications will continue to be released periodically via 'RNS Reach' during the time the Company is off the market. 

"The board and staff would like to thank shareholders for their patience and support as Lionsgold transitions through this pivotal phase of its corporate and commercial development. And finally, we wish to reassure all shareholders of our complete commitment to see the Company make application to recommencing trading of its shares on AIM in Q1 2019."

 

Enquiries:

 

Lionsgold Limited

Cameron Parry (Chief Executive Officer)

 

Tel: +44 (0)20 8065 0215

 

WH Ireland Limited (Nominated Adviser)

James Joyce/Chris Viggor

 

Tel: +44 (0)207 220 1666

 

Smaller Company Capital Limited (Broker)

Rupert Williams / Jeremy Woodgate

Tel: +44 (0)20 3651 2911

 

 

About LIONSGOLD Limited (LSE: LION)

Lionsgold is a London Stock Exchange AIM market quoted, gold-focused company involved in the exploration, production and retail application of physical gold, with gold assets in India and Finland and a wholly owned financial technology company developing physical gold as a currency.

Lionsgold's three core focuses are:

·     Strategic partnership with leading India gold exploration and mine development company, Geomysore, in which Lionsgold holds 22%;

·    Developing physical gold as a currency under its wholly owned financial technology subsidiary and 12.5% holding in banking platform developer Railsbank Technology Ltd, to enable customers to utilise their own physical gold with the convenience of everyday banking via the international banking system; and

·     Gold exploration and production in Finland via 32% ownership of Finnish joint venture.