Voyager Digital Announces Conversion of Special Warrants

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

TORONTO, Jan. 11, 2021 /CNW/ - Voyager Digital Ltd. (CSE: VYGR) ("Voyager" or the "Company") is pleased to announce the automatic conversion of 6,266,000 special warrants (the "Special Warrants") in the capital of the Company.

In accordance with the terms of the special warrant indenture dated September 10, 2020 between the Company and the special warrant agent (the "Indenture"), each Special Warrant was automatically converted into 1.1 units of the Company (each, a "Unit"). Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $1.15 until September 10, 2023, being a period of thirty-six months following the date of issuance of the Special Warrants. Of the Units issued on conversion of the Special Warrants, 626,600 Units were issued pursuant to a penalty provision in the Indenture.

About Voyager Digital Ltd.

Voyager Digital 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

This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE Voyager Digital Ltd.

Voyager Digital (Canada) Ltd. Contacts: Media: Anthony Feldman / Raquel Cona [phone] / [phone], [email protected] / [email protected]; Angus Campbell, 44 7881 625098, [email protected]; Investor Relations: Michael Legg, [phone], [email protected]; Phil Carlson / Scott Eckstein, [phone] / [phone], [email protected] / [email protected]