News

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 accelerate 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 unique social component that adds value, creates engagement and offers inherent virality.  It operates a discount brokerage in the United States and is offering its equity investment platform white-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 Ripple, using multiple fiat currency payment methods. The platform will leverage Voleo’s patent-pending trading technology, which recently piloted cryptocurrencies along with traditional equities 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 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. After consultation with the Exchange, Logan will be obtaining shareholder approval for the Transaction. Logan is in process of finalizing an 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, including 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 will 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 for sale in the United States. The securities being offered have not been, nor will they be, registered 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 exemption 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 application company. Its mission is to create a social investment network enhancing connectivity, transparency, 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

king bay Small logo 

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) Voleo’ business objectives and plans; (ii) removal of conditions relating to the completion of the Transaction; (iii) completion of the RTO Financing; and (iv) 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", "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 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 business 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 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’ 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 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.

 

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR
FOR RELEASE TO U.S. NEWSWIRE SERVICES

VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Logan Resources Ltd. (TSX-V:LGR) (the “Company” or “Logan”) is pleased to announce that it has entered into an agreement dated January 29, 2018 (the “Definitive Agreement”) with Voleo, Inc. (“Voleo”) with respect to a business combination of Voleo and Logan (the “Transaction”). Voleo is a mobile-focused fintech application company. Its mission is to create a social investment network enhancing connectivity, transparency, 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’s subsidiary, Voleo USA, Inc. is registered as a broker-dealer with FINRA and the Securities and Exchange Commission. Voleo’s cryptocurrency trading platform will be launched in 2018.

Directly from their mobile phones, tablets or computers, users are able to propose, discuss and vote on trades in publicly listed stocks and ETFs, wherever and whenever they want, with the majority effecting trades automatically. Voleo's users benefit both from splitting the cost of a single trade and the collective intelligence of their teams. Adding a competitive element to a collaborative platform, each person's decisions are tracked and hypothetical positions managed so they can prove to their friends how things would have gone if everyone had listened to them. The transparency builds a community where top performers can be followed, and the best ideas validated with peers.

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 Ripple, using multiple fiat currency payment methods. The platform will leverage Voleo’s patent-pending trading technology, which recently piloted cryptocurrencies along with traditional equities in the Voleo Nasdaq Equity Trading Competition. 

Voleo is executing transactions through Einstein Exchange, a fast-growing digital currency exchange which is transparent, collaborating with global financial institutions, with regulatory agencies and engaging in rigorous anti-money laundering (AML) and customer verification (KYC) policies. As the regulatory landscape evolves, Voleo will use its experience as a broker-dealer to seek the appropriate registration to bring further legitimacy to this asset class.

Voleo has always believed in the power of collaboration and the advantages that group decision making brings to investment decisions. Diversification and knowledge sharing is particularly important for those seeking exposure to a new asset class, and club functionality will be available to cryptocurrency investors along with individual accounts in eligible jurisdictions, providing choice and flexibility to investors. 

For a limited time, those who wish to practice cryptocurrency trading 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 portfolio, or make multiple clubs and practice different investment strategies. 

The Transaction is subject to the 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.

Transaction Highlights

Definitive Agreement

The following are the highlights of the terms and conditions of the Definitive Agreement:

  • Voleo is a company incorporated under the Canada Business Corporations Act, with its head office located in Vancouver, British Columbia. Voleo carries out operations in the United States through its wholly-owned subsidiary Voleo USA, Inc.
  • The resulting issuer on the closing of the Transaction will be a technology issuer.
  • Voleo has outstanding the following securities: 42,812,575 common shares, 498,571 warrants and 2,330,000 stock options.
  • The Company shall complete a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares (the “Consolidation”).
  • The exchange ratio for the Transaction will be as follows (subject to adjustment in certain circumstances) each one (1) issued and outstanding Voleo common share shall be converted into 1.7 common shares of the Company.
  • The Transaction will be structured such that the outstanding warrants and stock options of Voleo will automatically become exercisable for or shall be exchanged for shares of the Company, subject to all necessary adjustments to reflect the terms of the Transaction and subject to the terms governing the warrants and options. 
  • The Transaction is subject to the following key conditions:

    -- Voleo will complete a private placement (the “Concurrent Financing”) for gross proceeds of up to $10,000,000. Voleo may pay commissions or finder’s fees in connection the Concurrent Financing and may appoint a broker to assist with the Concurrent Financing. The Concurrent Financing will close immediately prior to or concurrently with the Transaction. Further details regarding Concurrent Financing will be announced in a further news release;

    -- the completion of the Shares for Debt Settlement (defined below);

    -- the Transaction will have received approval of the Exchange and all necessary corporate and shareholder approvals; and

    -- receipt of a report of a sponsor in respect of the Transaction or waiver from the sponsorship requirement by the Exchange. Logan anticipates applying for a waiver of the sponsorship requirement in reliance upon completion of the Concurrent Financing.
  • Prior to the closing of the Transaction, Voleo may complete a bridge financing for a maximum of $750,000.

Shares for Debt Settlement

As a condition of the Transaction, approximately $560,550 of debt due to King & Bay West Management Corp. (“King & Bay”) will be settled through the issuance of 2,242,200 common shares (post-Consolidation) at a deemed price of $0.25 per share (the "Shares for Debt Settlement"). The board and management of the Company believe that the proposed Shares for Debt Settlement is in the best interests of Logan as it will eliminate a significant liability for Logan. The completion of the Shares for Debt Settlement is subject to the approval of the Exchange.

King & Bay is considered to be a “related party” under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As a result of the Shares for Debt Settlement with King & Bay constitutes a "related party transaction" for the Company under MI 61-101, as King & Bay would receive common shares of the Company pursuant to the Shares for Debt Settlement. The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that at the time the Shares for Debt Settlement was agreed to, neither the fair market value of the securities to be distributed in the Shares for Debt Settlement nor the consideration to be received for those securities, insofar as the Offering involved the related party, exceeds 25% of the Company's market capitalization.

Additional Information

Full details of the Transaction will be included in the disclosure document that will be completed with respect to the Transaction. The Transaction is being conducted at arm’s length. The name of the Resulting Issuer will be “Voleo Trading Systems Inc.”

The Company intends to seek a waiver of the shareholder approval requirement for the Transaction on the basis that it is without active operations as set out in Section 4.1(b)(iii) of Exchange Policy 5.2. The Company completed active exploration work on its properties in June 2017. In August 2017 it announced its final set of exploration results and confirmed it had completed its 51% initial earn-in on the Nevada and Utah Properties by spending the minimum required amount. Based on the results of its exploration program, the state of the junior gold exploration market and the Company’s current financial situation, it does not anticipate returning to active operations based on its existing asset base. If the Transaction is completed, the Company intends to divest its mineral property assets and focus exclusively on the business of Voleo.

The Company confirms that it is not and will not be subject to a cease trade order and will not otherwise be suspended from trading on completion of the Transaction. In addition, Company shareholder approval of the Transaction is not required under applicable corporate laws and is not required under applicable Securities Laws. Any waiver of the shareholder approval requirement is subject to approval by the Exchange. The Company will confirm whether a waiver has been received in a subsequent news release.

Additional information as required by Exchange Policy 5.2, including financial information regarding Voleo and the Principals and Insiders of the resulting issuer, 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.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered 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 exemption 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.

For more information, please visit www.loganresources.ca.

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) Voleo’ business objectives and plans; (ii) removal of conditions relating to the completion of the Transaction; (iii) completion of the Concurrent Financing; (iv) receipt of TSXV and shareholder approvals of the Transaction; and (v) waiver of the sponsorship requirements.

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 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 business 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 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’ 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 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.

VANCOUVER, BRITISH COLUMBIA, Logan Resources Ltd. (LGR: TSX-V) (“Logan” or the “Company”) is pleased to provide an update of the ongoing analysis of the Viper and Angel Wing projects integrated database. The merged datasets have given Logan geologists a clearer and larger-scale perspective of the Viper District and its prospectivity. In addition, the Bureau of Land Management (“BLM”) has removed land use restrictions pertaining to sagebrush focal areas near the Viper District.

BLM Cancellation of 10 Million Acre Sagebrush Focal Area Withdrawal Proposal

On October 4, 2017, the BLM cancelled its withdrawal application and the withdrawal proposal relating to 10 million acres of public and National Forest system lands located within Sagebrush Focal Areas in Idaho, Montana, Nevada, Oregon, Utah and Wyoming. This release of lands from restricted mineral exploration activity, including lands within the Viper District, was based on a recent BLM analysis that showed future mining is not a significant threat to sage grouse habitat.  The withdrawal cancellation allows for future mineral exploration and development in the Viper District without concern of adversely affecting habitat important to the sage grouse.

Ongoing Analysis of Viper District Integrated Database

Viper is an early-stage, low-sulfidation epithermal gold target, located in northeastern Nevada. Logan signed a Mining Lease and Purchase Option Agreement for the Angel Wing Project in March 2017 that effectively consolidated the greater part of the Viper District with the existing portion that was originally optioned from Liberty Gold. Analysis of the merged geological, geochemical and air magnetics datasets from the Viper and Angel Wing projects demonstrate that the main mineralized areas (Baja, Grassy Hollow, Da Vinci/Goya vein zones) lie within a five kilometer-long, north-south corridor, likely controlled by graben bounding faults. In addition to consolidating the property, thus eliminating the threat of competitor activity, analysis of the consolidated Viper/Angel Wing database provides a more extensive view of the Viper District. The combined dataset confirms mineralization at depth, under volcanic cover. Based on previous exploration work, three initial targets areas are identified:

  • In-fill drilling of the Baja Zone and possible extensions to the north and south
  • Drill testing of mercury and arsenic soil anomalies, hosted by chalcedonic breccias, northwest of the Baja Zone
  • Initial drill testing of multi-element soil and rock chip anomalies in the Tancitaran Zone

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in NI 43-101. Dr. Bow has verified the data underlying the exploration results disclosed in this news release.

About Logan Resources Ltd.
Logan Resources Ltd. (LGR: TSX-V) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan’s focus is on actively exploring four gold properties in Nevada, USA. Logan has earned a 51% interest in the gold properties from a wholly-owned subsidiary of Liberty Gold Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board
“Richard Grayston”
Interim Chief Executive Officer

 kbLogo.jpg 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:

Christina Baron, Manager of Corporate Development
T: 604-681-8030 x 289
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 (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

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 estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company’s properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. 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 inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, 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 the exploration and development activities on the Company’s properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks 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 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.

VANCOUVER, BC--(Marketwired - September 22, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") announces that, effectively immediately, Mr. Richard Grayston has been appointed as Interim Chief Executive Officer of the Company in place of Mark J. Morabito. Mr. Grayston has spent thirty years in public company management and as a finance and economics consultant. He sits on the board of several different public companies. Mr. Grayston received a Ph.D. in finance and economics from the University of Chicago in 1971, an M.B.A. from the University of Chicago in 1969 and a B. Comm. from the University of British Columbia in 1966 and became a Certified General Accountant in 1977.

In addition, Mr. Olen Aasen has been appointed as a member of the Board of Directors of the Company in replacement of Mr. Morabito. Mr. Aasen is a corporate and securities lawyer with more than 11 years of experience in corporate, securities, mining and regulatory matters. He has been the Corporate Secretary or General Counsel for various Canadian and U.S.- listed mineral resource companies. Olen obtained his Juris Doctor degree from the University of British Columbia and is a member of the British Columbia Bar. Olen was named to the 2016 Legal 500 General Counsel Powerlist for Canada.

Mr. Morabito will continue to be involved with the Company in an advisory capacity through his role as Chairman and CEO of King & Bay West Management Corp.

About Logan Resources Ltd.
Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring four gold properties in Nevada, USA. Logan has earned a 51% interest in the gold properties from a wholly-owned subsidiary of Liberty Gold Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors.

LOGAN RESOURCES LTD.
On behalf of the Board
"Richard Grayston"
Interim Chief Executive Officer

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.

VANCOUVER, BC--(Marketwired - August 24, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") is pleased to announce it has received positive drilling results from the four hole, reverse circulation drill program conducted on the Antelope project during June 2017. Antelope is Carlin-type gold system, located 100 kilometers south of Wendover in White Pine County, Nevada. Gold is concentrated in two sediment-hosted, jasperoid zones in the Pilot Shale with even higher concentrations of gold associated with dike margins and fault zones.

Logan's results (summarized below) are consistent with historical drill intersections achieved by previous operators, and include significant oxide gold mineralization in the near surface (hole AN17-03).

  • 10.7 meters @ 1.6 g/t Au in hole AN17-03 (NAD83 E:717186, N:4420059; Az: 0, Dip: -90)
  • 18.3 meters @ 0.29 g/t Au in hole AN17-01 (NAD83 E:717274, N:4421530; Az: 0, Dip: -90)
  • 1.5 meters @ 0.12 g/t Au in hole AN17-02 (NAD83 E:716925, N:4420241; Az: 0, Dip: -90)
  • 7.6 meters @ 0.26 g/t Au in hole AN17-04 (NAD83 E:717438, N:4419942; Az: 0, Dip: -90)

Detailed results can be viewed on the Logan website: http://loganresources.ca/index.php/projects/usa-gold-projects/antelope

Drilling has confirmed a close association between altered dikes and gold in adjacent jasperoids. Logan's geologists believe the NW trending dikes, which are strongly anomalous in arsenic, occupy the same dilatant structural conduits as the hydrothermal fluids responsible for gold mineralization. Significantly, hole AN17-04, drilled in the periphery of the main mineralized area, intersected an arsenopyrite-enriched dike with anomalous gold values in adjacent sediments.

Logan believes the Antelope project warrants further exploration. The next phase of work will focus on detailed delineation of the altered dikes, including ground geophysical surveys and geologic mapping.

All drill samples disclosed in this release were collected with an RC drill rig using 5 foot (1.5 meter) sample intervals and following standard industry practices. QA/QC was included in the insertion as well as continual monitoring of numerous standards and blanks on a regular basis. An independent laboratory, ALS Global of Reno, Nevada, performed all sample preparation and geochemical analyses.

Update on Newly-Consolidated Viper and Angel Wing Projects and Exploration Database

Concurrent with exploration drilling at Antelope, Logan has completed the initial integration of historical databases for the Viper project, located approximately 60 kilometers NW of Montello in Elko County, Nevada. This includes the original Viper data inherited from Pilot Gold (USA) Inc. ("Liberty USA"), a wholly-owned subsidiary of Liberty Gold Corp., together with extensive data obtained as a consequence of acquisition of the adjacent Angel Wing project (see Press Release dated March 16, 2017). In addition to basic geologic mapping, ground and airborne geophysical surveys, rock chip and soil sampling, the Angel Wing database includes extensive hyperspectral studies, stable isotope studies, and a number of core holes. Logan will use the integrated database to identify areas for future work and for target generation.

Both the Angel Wing and Viper datasets are of good quality, compatible, and broadly consistent. Logan has commenced target generation work utilizing the consolidated data and has identified a number of areas for prospective future work:

  • Acquire additional primary data, including ground magnetics and IP survey results
  • Re-log Angel Wing drill cores
  • Reconcile differences in mapping styles and content between the two datasets, highlighting outcrops of calcareous sandstone and hydrothermally brecciated conglomerate, which are preferred host rocks to mineralization
  • Review merged air magnetics and geology with emphasis on resolving different fault azimuths and locations. Existing structural interpretations are based on limited outcrop data and vary between the two project areas. Better understanding of structural controls will clarify the locations of major mineralized corridors.

Main mineralized areas (Baja, Grassy Hollow, Da Vinci/Goya vein zone) may lie along closely parallel north-south corridors, perhaps controlled by a graben-bounded fault zone. Projection of significant, deep gold deposit intercepts from the Angel Wing drilling along these controlling structures into shallower structural and stratigraphic settings will be fundamental to further exploration. Likewise, another area for further targeting is the northern projection of the Viper Baja Zone into the subsurface, intersecting with untested gold and arsenic anomalies. Logan anticipates that ground resistivity surveys (CSAMT) will then be used to identify more extensive silicified zones for a first phase drilling program.

As previously reported, Viper is an early-stage, low-sulfidation, epithermal gold target, which is subject to the Option Agreement between Logan and Liberty USA. The Angel Wing project comprises a block of adjacent and interlocking unpatented lode claims which were acquired by Logan under a previously announced Option Agreement (see Logan news release March 16, 2017). These two Agreements effectively consolidate the greater part of the Viper District, located in northeastern Nevada, USA. The nearest community is Montello, located approximately 60 kilometers to the southwest.

Gold mineralization in both project areas is intimately related to the presence of quartz-calcite veins and vein stockworks. Individual veins exhibit spectacular bladed and lattice epithermal textures and free gold is visible in a number of outcrops. Exploration on the Liberty USA claim block returned surface rock samples of 11.8 g/t Au, and significant drill intercepts, including 1.1 g/t Au over 33.5 meters (PV-003). Rock chip sample results from Angel Wing database include vein samples with up to 25.2 g/t Au over three meters and significant Au values in RC drilling, such as 2.36 g/t Au over 13.1 meters (AW13-05).

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in NI 43-101. Dr. Bow has verified the data underlying the exploration results disclosed in this news release.

About Logan Resources Ltd.

Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring nine gold properties in Nevada and Utah, USA that are under option from a wholly-owned subsidiary of Liberty Gold Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors.

LOGAN RESOURCES LTD.
On behalf of the Board
"Mark Morabito"
Chief Executive Officer

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 (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

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 estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company's properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. 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 inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, 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 the exploration and development activities on the Company's properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks 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 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.