Logan Resources closes subscription receipt offering

On April 30, 2019, Logan Resources Ltd. (TSXV: LGR) announced that it had completed a public offering of subscription receipts for gross proceeds of approximately $4 million. Haywood Securities Inc. acted as lead agent in respect of the offering.

Logan Resources intends to divest its mineral property assets and focus exclusively on the business of Voleo, Inc. - a Canada-based mobile focused FinTech company. With the closing of the offering, the business combination of the two companies is expected to close on or around the week of May 13, 2019.

Gowling WLG advised the agents with a team that included Denis Silva, Tara Amiri, Jill Dunn and Raymond Ong (corporate/securities); Roch Ripley and Margaret Fitzpatrick (IP); and Brent Kerr (tax); with the assistance of student-at-law Kean Silverthorn