Voleo and Logan Resources Announces Oversubscribed Bridge Financing
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NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR RELEASE TO U.S. NEWSWIRE SERVICES
NEWS RELEASE
Voleo and Logan Resources Announces Oversubscribed Bridge Financing
M a r c h 5 , 2 0 1 8 (TSXV:LGR)
VANCOUVER, BRITISH COLUMBIA, Logan Resources Ltd. (TSXV) (the “ Company” or
“Logan”) and Voleo, Inc. (“Voleo”) are pleased to announce that Voleo has closed its
oversubscribed bridge financing, raising a total of $780,775.45 through issuance of common
shares (“Shares”) at a price of $0.35. The bridge financing was conducted in connection with the
previously announced business combination of Voleo and Logan (the “Transaction”). For further
information see Logan’s press release dated January 30, 2018.
The closing of the bridge financing will enable Voleo to accele rate development of the Cryptoleo
platform and prepare for full launch of Voleo’s white-label social trading app while completing the
Transaction with Logan in order to list on the TSX Venture Exchange.
Voleo develops trading platforms for retail investors with a un ique social component that adds
value, creates engagement and offers inherent virality. It ope rates a discount brokerage in the
United States and is offering its equity investment platform wh ite-label to financial institutions in
the US and around the world. Voleo’s subsidiary, Voleo USA, Inc. is registered as a broker-dealer
with FINRA and the Securities and Exchange Commission.
In addition to stock trading, Voleo has successfully tested and will launch a digital currency trading
platform for consumers. Users will have access to several major cryptocurrencies, including
Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Digital Cash, and Ri pple, using multiple fiat currency
payment methods. The platform will leverage Voleo’s patent-pend ing trading technology, which
recently piloted cryptocurrencies along with traditional equiti es in the Voleo Nasdaq Equity
Trading Competition. Voleo’s cryptocurrency trading platform will be launched in 2018.
Voleo has always believed in the power of collaboration and the advantages that group decision
making brings to investment decisions. Diversification and knowledge sharing reduces risk, while
club functionality lowers costs. Investment club investing is available along with individual
accounts, providing choice and flexibility to investors.
For a limited time, those who wish to practice trading equities as well as cryptocurrencies can do
so using Voleo SimuTrader completely free of charge. Available in app stores internationally,
users can form a team to deploy a simulated million-dollar individual portfolio, or form a club with
friends to learn and practice different investment strategies.
The Transaction is subject to the approval of the TSX Venture E xchange (the “Exchange”) and
other conditions customary for a transaction of this nature. Th ere can be no assurance that the
Transaction will be completed as proposed or at all. After consultation with the Exchange, Logan
will be obtaining shareholder approval for the Transaction. Log an is in process of finalizing an
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information circular for a shareholder meeting and will provide additional details on the date, time
and location of such meeting in a subsequent news release.
Additional information as required by Exchange Policy 5.2, incl uding financial information
regarding Voleo and the Principals and Insiders of the resulting issuer, will be provided by way of
a subsequent news release or in the disclosure document that wi ll be completed with respect to
the Transaction. Trading in the common shares of the Company on the Exchange will remain
halted until such times as the requirements of the Exchange are met.
This news release does not constitute an offer of securities fo r sale in the United States. The
securities being offered have not been, nor will they be, regis tered under the Unites States
Securities Act of 1933, as amended, and such securities may not be offered or sold within the
United States absent U.S. registration or an applicable exempti on from U.S. registration
requirements.
Completion of the transaction is subject to a number of conditions, including but not limited to,
Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is obtained. There can be no
assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the transaction, any information released or received
with respect to the transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of Logan Resources Ltd. should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this news release.
About Voleo
Voleo Inc. (Voleo) is a Canadian mobile-focused fintech applica tion company. Its mission is to
create a social investment network enhancing connectivity, tran sparency, convenience, and
collaboration among investors. Voleo's equity trading platform operates on mobile applications
available on iOS and Android smartphone devices plus companion web app.
Voleo expects to increase retail investor participation in the stock market and in the
cryptocurrency market by breaking down barriers to entry, facilitating trust and improving financial
literacy.
For more information on Voleo, please visit its website at www.myvoleo.com.
About Logan
For more information on Logan, please visit www.loganresources.ca.
LOGAN RESOURCES LTD.
On behalf of the Board
“Richard Grayston”
Interim Chief Executive Officer
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Logan Resources Ltd. is part of the King & Bay group of
companies. King & Bay is a merchant bank that specializes in
identifying, funding, developing and supporting growth
opportunities in the resource, aviation, and technology sectors.
For further information regarding this news release, please contact:
T: 604-681-8030 ext 242
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking
information contained in this news release includes, but is not limited to, statements with respect to with respect to: (i) Vo leo’ business objectives and
plans; (ii) removal of conditions relating to the completion of the Transaction; (iii) completion of the RTO Financing; and (i v) receipt of TSXV and
shareholder approvals of the Transaction.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "mi ght" or "will be taken", "occur" or "be achieved" suggesting fu ture outcomes, or other
expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained
in this news release is based on certain factors and assumption s regarding, among other things, the accuracy, reliability and applicability of the Voleo’
business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in jurisdictions where Voleo may operate;
the timely commencement of operations by Voleo and the success of such operations; the ability of Voleo to implement its busin ess plan as intended;
the legislative and regulatory environments of the jurisdictions where the Voleo will carry on business or have operations; and the impact of competition
and the competitive response to the Voleo’ business strategy. While the Company considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
Forward looking information in volves known and unknown risks, u ncertainties and other factors which may cause the actual resul ts, performance or
achievements of the Company to be materially different from any future results, performance or a chievements expressed or impli ed by the forward-
looking information. Such factors include risks related to acts of God, the impact of general economic conditions, changing do mestic and international
industry conditions, currency fluctuations, interest rates, the ability of management to implement Voleo’ operational strategy, the ability to attract qualified
management and staff, labour disputes, regulatory risks, includ ing risks relating to the acquisition of the necessary licenses and permits, financing,
capitalization and liquidity risks, including the risk that the financing necessary to fund operations may not be obtained and the additional risks identified
in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factor s that could cause actual actions , events or results to differ materially from those
described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news
release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-
looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this
release.