Logan Resources and Voleo Announce Receipt for Amended and Restated Preliminary Prospectus

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[{"type":"text","content":"Logan Resources and Voleo Announce Receipt for Amended and Restated Preliminary ProspectusVancouver, British Columbia--(Newsfile Corp. - April 12, 2019) - Logan Resources Ltd. (TSXV: LGR) (the \"Company\" or \"Logan\") announced today that a receipt dated April 11, 2019, has been issued by the British Columbia Securities Commission for the amended and restated preliminary short form prospectus (\"Amended Preliminary Prospectus\") dated April 11, 2019, 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\"). The Offering is being conducted as a closing condition of the business combination of Voleo, Inc. (\"Voleo\") and the Company (the \"Transaction\") detailed in the news releases by the Company on January 30, 2018, March 5, 2018 and August 27, 2018.The Amended Preliminary Prospectus was filed to update certain information contained in the preliminary short form prospectus filed by the Company and Voleo on January 11, 2019, to disclose, among other things, the change of the total gross proceeds to be raised under the Offering. The Offering will now consist of 16,000,000 Subscription Receipts at a price of $0.25 per Subscription Receipt, for gross proceeds of $4 million. With respect to the timing of the closing of the Offering and the Transaction, the Company and Voleo intend to close the Offering on or about April 22, 2019 and close the Transaction by May 6, 2019. The Amended Preliminary Prospectus containing important information relating to the securities being offered under the public offering has been filed with securities commissions or similar authorities in the each of the provinces of Canada (except Québec). The Amended Preliminary Prospectus is still subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued.A copy of the Amended Preliminary Prospectus relating to the Offering in Canada may be obtained by contacting the Agent at Brookfield Place, 181 Bay Street, Suite 2910, Toronto, ON, M5J 2T3 or by email at [email protected]. Cautionary StatementsNo securities regulatory authority has expressed an opinion about the securiti...

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