VANCOUVER, British Columbia, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Logan Resources Ltd. (TSXV: LGR) (“Logan” or the “Company”) and Voleo Inc. (“Voleo”), are pleased to announce that Nicky Senyard has joined Voleo’s Board of Directors. The appointment became effective earlier this month and expands the Voleo Board to five members. Ms. Senyard will also become a Director of the Company upon the closing of the business combination transaction between 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.
Ms. Senyard has over 15 years of executive experience in the digital marketing B2B space. In 2002, Nicky founded and operated a successful global marketing technology business, Income Access. Under Senyard’s leadership as CEO, the business achieved exponential organic growth, attracting a US$30 million business acquisition in 2016 by leading global payments provider, Paysafe Group.
Since the 2016 transaction, Ms. Senyard founded KewPac Group – a Vancouver-based boutique firm that seeks strategic investment opportunities in the marketing technology and B2B space.
“As a fintech social investing platform and engine, Voleo has the potential for wide reaching impact as a white label solution for established financial institutions wanting to connect with their customers,” stated Thomas Beattie, Voleo’s CEO.
“Ms. Senyard understands Voleo’s market opportunities and competitive landscape, and her depth of knowledge in marketing technology and developing B2B strategies within niche industries will have a positive impact on the growth of Voleo. Her vast experience will be invaluable as we work together to bring Voleo to the public markets this year,” added Mr. Beattie.
“As a respected and accomplished executive in the B2B technology sector, we are privileged to welcome Ms. Senyard as Voleo’s first Independent Director,” commented Mr. Mark Morabito, Voleo’s Executive Chairman. “We are confident that Ms. Senyard will strengthen Voleo’s Board and senior management and propel us forward in our expansion and growth plans to benefit our current shareholders and stakeholders,” added Mr. Morabito.
Ms. Senyard commented, “I see a wide range of opportunities for Voleo and am excited about my role as Voleo’s newest board member.
"Voleo has the core technology elements to be a market-leader, and this, combined with its value focus on contribution, growth and collaboration, the business will provide the strategic element financial institutions are looking for.
"I have developed a deep appreciation for the viability of Voleo’s platform as a tool for both engagement and retention. I will work closely with members of Voleo’s management team to continue to deliver on Voleo’s strategic growth plan,” added Ms. Senyard.
Regulatory Disclosure
The Transaction remains subject to the final approval of the TSX Venture Exchange (the “Exchange”) and other conditions customary for a transaction of this nature. There can be no assurance that the Transaction will be completed as proposed or at all. Additional information as required can be found in the Joint Management Information Circular of Logan and Voleo dated May 30, 2018 (the “Information Circular”) and available on SEDAR at www.sedar.com or will be provided by way of a subsequent news release. 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.
Investors are cautioned that, except as disclosed in Information Circular or the Preliminary Prospectus dated January 11, 2019 (and any amendment thereto), 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 should be considered highly speculative.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
About Logan
For more information on Logan, please visit www.loganresources.ca.
About Voleo Inc.
Voleo is a Canada-based, mobile-focused fintech company on a mission to make investing social by creating a platform for collaboration, engagement and convenience among retail investors – novice and advanced. Voleo's equity trading platform operates on mobile applications available on iOS and Android smartphone devices plus a companion web app. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy.
For more information on Voleo, please visit our Investor Relations website at https://ir.myvoleo.com.
LOGAN RESOURCES LTD.
On behalf of the Board
“Richard Grayston”
Interim Chief Executive Officer
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
E: info@loganresources.ca
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) the completion of the Transaction; (ii) Voleo’s future business objectives and plans and the timing thereof; (iii) removal of conditions relating to the completion of the Transaction; (iv) the benefits of Ms. Senyard joining the Board of Directors; and (v) receipt of Exchange and other approvals for 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", "might" or "will be taken", "occur" or "be achieved" suggesting future 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 assumptions regarding, among other things, the accuracy, reliability and applicability of Voleo’s 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 business plan as intended; the legislative and regulatory environments of the jurisdictions where Voleo will carry on business or have operations; and the impact of competition and the competitive response to Voleo’s 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 involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to acts of God, the impact of general economic conditions, changing domestic and international industry conditions, currency fluctuations, interest rates, the ability of management to implement Voleo’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including 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 factors 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 the 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.
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