RE:VYGRshooteralberta1 wrote:
UC Resource?
Vancouver, British Columbia, February 7, 2019 - Voyager Digital (Canada) Ltd. (formerly UC Resources Ltd.) (TSX.V - VYGR) (the "Company") announces that it has closed its change of business, and has acquired all of the shares of Voyager Digital Holdings, Inc. ("Voyager"), a private company based in New Jersey, which is involved in the development and commercialization of a cryptocurrency trading platform using a patent pending smart order routing and execution management system..
Pursuant to a Share Purchase Agreement with the sole shareholder of Voyager:
- the Company acquired all of the outstanding shares of Voyager from the sole shareholder thereof for $100,
- the Company issued 17,984,748 common shares in satisfaction of an equivalent number of subscription receipts issued by Voyager, and
- the Company issued 4,133,000 stock options in replacement of the stock options outstanding in the capital of Voyager (each exercisable at US$0.30 per share).
All of the securities held by Principals of the Company are subject to value security escrow provisions, expiring 36 months from the date of listing. These include 6,638,725 shares, 6222,058 warrants, and 1,900,000 options. In addition, the participants to the January 2018 private placement, holding an aggregate of 27,926,667 shares and 11,869,116 warrants, have agreed to escrow their securities on equivalent terms to those imposed on the Principals.
Stephen Ehrlich, CEO of Voyager, said: " This is a crucial step for our growing company as we now have a solid capital base with which to grow, expand and continually improve our offering for investors. More importantly, it allows the investing community to tap the public markets for exposure to this important asset class and financial utility that is built upon the technology of the future ."
New Business
Voyager, through its Fincen regulated wholly owned subsidiary, Voyager Digital, LLC ("Voyager Digital") is a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers investors best execution, data, wallet and custody services through its institutional- grade open architecture platform. 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. Voyager Digital is headquartered in New Jersey and is registered with FinCen. Voyager provides individual investors and institutions with best execution and price improvement through its unique smart order routing technology. Voyager executes trades on a wide universe of digital assets across a large spectrum of crypto exchanges and market makers.