IMPRESSIVE
("Voyager" or the "Company") is pleased to announce that it has completed its previously announced Private Placement of Common Shares (the "Offering") raising gross proceeds of US$46,000,003.50 at a price of US$5.50 per Common Share (equivalent of C$7.00 per Common Share). The Offering was led by Stifel GMP, as sole agent and bookrunner (the "Agent").
For their services, the Agent received a 7% cash commission and compensation warrants entitling it to purchase 7% of the number of Common Shares sold under the Offering at a price of US$5.50 per Common Share for a period of 18 months following closing of the Offering.
The Company intends to use the net proceeds from the Offering for general corporate purposes.
"This is an exciting time for Voyager with securing this significant financing, as our assets under management (AUM) have recently crossed the US$500 million threshold," said Steve Ehrlich, Co-Founder and CEO of Voyager. "With this additional funding, we are well positioned to accelerate our growth and build increased value for our stakeholders."