Voyageur Pharmaceuticals Ltd. announced a proposed non brokered private placement of up to 10,000,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 800,000 on January 16, 2024. Each unit shall be comprised of one common share and one common share purchase warrant, each warrant exercisable at cad 0.15 for twenty-four months from closing. The company may pay a cash commission or finder's fee of up to CAD 64,000 and issue broker warrants of up to 800,000 broker warrants.

Each broker warrant will entitle the holder to acquire one common share at a price of CAD 0.08 per broker warrant for a period of one year from the date of issuance. The company will close the transaction in one or more tranches, with the final closing anticipated for on or about February 8, 2024. The completion of the offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange.

The common shares and warrants issued will be subject to a four month hold period from the date of the closing of the offering. insiders of the company may participate in the offering.