NEW
YORK, July 26, 2023 /CNW/ - Voyager Digital Ltd.
(the "Company") announces that it will redeem all of its
outstanding common shares and variable voting shares (collectively,
the "Shares") in accordance with the order (the
"Order") granted by the Superior Court of Justice of
Ontario on May 24, 2023 and the implementation of the joint
plan of reorganization of Voyager Digital Holdings, Inc. (the
"Plan").
In accordance with the Order, the articles of the Company were
altered to include a redemption right, and all directors of the
Company have resigned, with the exception of Matthew Ray. Pursuant to the Plan,
following redemption of the existing Shares, one common share will
be issued to the administrator of the Plan and the administrator
will be appointed as a director of the Company.
Voyager Digital Ltd.
Paul
Hage, Plan Administrator
This news release may contain certain "Forward-Looking
Statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. When or if used in this news release, the
words "anticipate", "believe", "estimate", "expect", "target,
"plan", "forecast", "may", "schedule" and similar words or
expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to the intended redemption of the Shares, the
appointment of the plan administrator as a director of the Company,
and other factors or information. Such statements represent
the Company's current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements
to be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements. The Company does not intend, and does
not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
statements and information other than as required by applicable
laws, rules and regulations.
SOURCE Voyager Digital (Canada)
Ltd.
