CSE: VYGR
OTCQB: VYGVF
Borse Frankfurt: UCD2
VANCOUVER, BC, July 10, 2020
/CNW/ - Voyager Digital (Canada)
Ltd. ("Voyager" or the "Company), is issuing this press
release to announce that it is accelerating the expiry date of all
outstanding common share purchase warrants (the "Warrants") of the
Company issued pursuant to the financing of the Company that closed
on June 15, 2020.
Pursuant to the terms of the certificates evidencing the
Warrants, the Company may accelerate the expiry date of the
Warrants in the event that the closing price of the issued and
outstanding common shares of the Company ("Common Shares") on the
Canadian Securities Exchange is equal to or greater than
C$0.30 per Common Share for a period
of ten consecutive trading days (the "Acceleration Trigger").
The Company confirms that as of the close of markets on
July 8, 2019, the Acceleration
Trigger had occurred. In accordance with the terms of the
certificates evidencing the Warrants, this news release constitutes
notice to the Warrant holders of the Acceleration Trigger.
Accordingly, the Company confirms that the Warrants are now set to
expire at 5:00 p.m. (Toronto time) on August
9, 2019, being the 30th day following the date of this
notice (the "Accelerated Expiry Date"). Any Warrants remaining
unexercised after the Accelerated Expiry Date will be
cancelled.
As of the close of market on July 8,
2020, a total of 6,489,086 Warrants of the 8,095,560
Warrants originally issued had yet to be exercised. Each Warrant is
exercisable to acquire one Common Share at an exercise price of
C$0.30 per Common Share. Accordingly,
if all of the outstanding Warrants are exercised, gross proceeds to
the Company will total C$1,946,725.80.
About Voyager Digital (Canada) Ltd.
Voyager 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.
The Canadian Securities Exchange has not reviewed this press
release and does not accept responsibility for the adequacy or
accuracy of this news release.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to
revise or update such statements. For a description of the risks
and uncertainties facing the Company and its business and affairs,
readers should refer to the Company's Management's Discussion and
Analysis and other disclosure filings with Canadian securities
regulators, which are posted on http://www.sedar.com.
This news release does not constitute an offer to sell or
solicitation of an offer to buy any of the securities described
herein and accordingly undue reliance should not be put on such.
Neither the Canadian Securities Exchange, nor its Regulation
Services Provider (as that term is defined in policies of the
Canadian Securities Exchange), accepts responsibility for the
adequacy or accuracy of this news release.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein in the United States. The
securities described herein have not been registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities law and may not be
offered or sold in the "United
States", as such term is defined in Regulation S promulgated
under the U.S. Securities Act, unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration requirements is available.
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SOURCE Voyager Digital (Canada)
Ltd.
