Voyageur Pharmaceuticals Ltd (TSX-V:VM, OTC:VYYRF) is planning a non-brokered private placement, aiming to raise up to C$800,000.
The proposed offering involves 10,000,000 units at $0.08 per unit, with each unit comprising one common share and one common share purchase warrant exercisable at $0.15 for 24 months. Voyageur may pay commissions to non-related parties and issue broker warrants.
The gross proceeds will fund various project aspects, including marketing and sales launch, product testing, audit/listing fees, corporate G&A, and commissions