Voyager Digital Closes C$2.9 Million Private Placement

NEW YORK, June 15, 2020 /PRNewswire/ -- Voyager Digital Canada, Ltd. ("Voyager" or the "Company") (CSE: VYGR; OTCQB: VYGVF; FRA: UCD2), a public, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced it has closed the non-brokered private placement (the "Private Placement") previously announced on June 8, 2020, for gross proceeds of C$2,896,888 (US$2,161,282) through the sale and distribution of 14,484,440 units in the capital of the Company (each, a "Unit") at a price of C$0.20 per Unit.

Each Unit is comprised of one common share of the Company (a "Share") and one-half Share purchase warrant (a "Warrant"), with each whole Warrant entitling the holder to subscribe for one additional Share at a price of C$0.30 per Share for a period of 24 months from the date of issuance (the "Warrant Expiry Date"). In the event that the closing trading price of the Shares on the Canadian Securities Exchange is C$0.30 or greater for a period of ten consecutive trading days, the Company may, at its option, accelerate the Warrant Expiry Date by issuing a press release (the "Warrant Acceleration Press Release"). In such case, the Warrant Expiry Date shall be deemed to be the 30^th day following the issuance of the Warrant Acceleration Press Release.

Proceeds from the Private Placement will be used to increase Voyager's customer account base through marketing, product development and for other general corporate purposes.

Included among the investors in the Private Placement were Susquehanna Government Products, LLLP, Streamlined Ventures, LLC and Market Rebellion, LLC, as well as Market Rebellion's co-founders, Jon and Pete Najarian, Dirk Mueller-Ingrand and other insiders of the Company.

The Company engaged Regent Mercantile Bancorp Inc. to provide advisory and structuring services for the Private Placement. Regent Mercantile Bancorp, Inc was paid a cash fee equal to C$119,072 and received 595,361 Warrants.

In connection with the Private Placement, the Company settled C$103,112 of outstanding payables through the issuance of 515,560 Units at a deemed price of C$0.20 per Unit (the "Debt Settlement").

Each of the Private Placement and the Debt Settlement are subject to the acceptance of the Canadian Securities Exchange. All Shares and Warrants issued in connection with the Private Placement and the Debt Settlement are subject to trading restrictions.

About Voyager Digital (Canada) Ltd.
Voyager Digital (Canada) Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information and to review the latest Corporate Presentation.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.

Cautionary Statement Regarding Forward-Looking Information: The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

Voyager Digital (Canada) Ltd. Contacts
Media:
Anthony Feldman / Raquel Cona
(347) 487-6194 / (212) 682-6300
[email protected] / [email protected]

Investor Relations:
Phil Carlson / Scott Eckstein
(212) 896-1233 / (212) 896-1210
[email protected] / [email protected]

SOURCE Voyager Digital