Logan Resources and Voleo Announce Filing of Final Prospectus

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[{"type":"text","content":"Logan Resources and Voleo Announce Filing of Final ProspectusVancouver, British Columbia--(Newsfile Corp. - April 18, 2019) - Logan Resources Ltd. (TSXV: LGR) (the \"Company\" or \"Logan\") is pleased to announce that it has filed its final prospectus with, and obtained receipts in respect thereof from, the securities regulatory authorities in each of the provinces of Canada (except Québec) in connection with a proposed offering of subscription receipts of the Company (each, a \"Subscription Receipt\") to raise gross proceeds of $4 million (the \"Offering\"). It is expected that the closing of the Offering will take place on or around April 25, 2019 (the \"Closing Date\"). Once the Offering is closed, subject to TSX Venture Exchange approval, all material conditions to the business combination of Voleo, Inc. (\"Voleo\") and Logan (the \"Transaction\") will have been satisfied. As a result, Logan and Voleo intend to close the Transaction on or around May 9, 2019.Subscription Receipt OfferingThe Offering will consist of 16,000,000 Subscription Receipts at a price of $0.25 per Subscription Receipt (the \"Offering Price\"), for gross proceeds of $4 million. Logan has entered into an agency agreement with Haywood Securities Inc. (the \"Lead Agent\") in respect of the Offering (the \"Agency Agreement\"). The Lead Agent, together with PI Financial Corp. (together with the Lead Agent, the \"Agents\") will offer Subscription Receipts for sale on a best efforts, agency basis pursuant to the terms of the Agency Agreement. Each Subscription Receipt will entitle the holder thereof to receive, without payment of additional consideration or further action on the part of the holder, one unit of the Company (each a \"Unit\" and collectively the \"Units\"), upon receipt by the escrow agent, on or before 120 days from the closing of the Offering (the \"Deadline\") of a release notice from the Company, and acknowledged by the Lead Agent, on behalf of the Agents, confirming that: (a) all of the conditions precedent to the closing of the Transaction have been satisfied or waived to the satisfaction of the Company and Voleo, and as acknowledged by the Lead Agent, (b) except as consented to in writing by the Lead Agent, no material provision of the Amalgamation Agreement (the \"Amalgamation Agreement\") has been amended by the parties thereto, (c)...

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