Voleo completes subscription receipt offering

On April 30, 2019, mobile fintech company Voleo Inc. (formerly Logan Resources Ltd.) announced that it had sold an aggregate of 16,234,000 subscription receipts for gross proceeds of $4,058,500. Haywood Securities Inc. and PI Financial Corp. acted as agents in respect of the offering.

With the closing of the offering, all material conditions to the reverse takeover transaction of an issuer on the TSXV by Voleo were satisfied and the transaction closed in May.

Gowling WLG advised the agents with a team that included Denis Silva, Tara Amiri and Raymond Ong.