Voyager Increases Additional $ 2.1M Through Personal Placements

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Voyager Increases Additional $ 2.1M Through Personal Placements

Voyager, a crypto brokerage company based in New York has made an announcement that it was able to collect an additional $ 2.1 million.

NEW YORK, 8 June 2020 / PRNewswire / - Voyager Digital Canada, Ltd. ("Voyager" or "Company") (CSE: VYGR; OTCQB: VYGVF; FRA: UCD2), a licensed crypto-public broker, public that provides investors with a turnkey solution for trading crypto assets, today announced it has received a subscription in connection with the placement non-mediated private sector ("Private Placements") for gross proceeds of C $ 2,896,888 million (US $ 2,161,282) through the sale and distribution of 14,484,440 units in the Company's capital (respectively, "Unit") at C prices $ 0.20 per Unit. Private Placement will be closed this week to accommodate the challenge of completion due to Covid-19.

These funds have been collected with the help of private placements and will help accelerate the company's growth. It has also been announced that the company will close private placements this week only. Investors included in the private placement are Jon and Pete Najarian, Susquehanna Government Products, Streamlined Ventures, and many others.

Jon and Pete Najarian are co-founders of the Market Uprising. The two Najarian brothers are quite active in the crypto community and they also plan to launch trading applications through Market Rebellion.

Voyager will use additional capital to pay off debts

It has been reported that this additional capital that has been collected through this private placement will be used for company growth.

Voyager will use this additional $ 2.1 million to repay company debts and this will automatically drive the company's development and growth. This will also help the company to increase its customer account base and this will be made possible through product development and marketing.

Voyager has also announced that they have signed debt settlement agreements with several of its employees. The company will pay off $ 103,112 in debt and this will be done by issuing around 515,560 shares at $ 0.20 per share.

The company recently issued interest rates for different coins

Stephen Ehrlich, CEO of Voyager said that he and his company are very happy to have great investors. This investor will help the company to accelerate its growth. Recently, the company also issued interest rates for various coins in mobile applications including Bitcoin, Ethereum and XRP.