Under the agreement Money4Gold will issue approximately 74,000,000 shares to My Gold Envelope shareholders. Money4Gold currently has approximately 78,000,000 shares of common stock outstanding and 14,100,000 shares of convertible preferred stock. A At the conclusion of the merger, Hakan Koyuncu, currently Money4Gold's chief executive officer, will be appointed president of Money4Gold. Daniel Brauser, the current president, chief operating officer and chief financial officer, will resign as president and chief operating officer.
Doug Feirstein of My Gold Envelope will become chief executive officer and Todd Oretsky will be appointed chief operating officer. A Concurrently, Money4Gold will expand its board of directors to accommodate My Gold Envelope designees.
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