Logica Ventures Corp. Announces Issuance of Common Shares
14 June 2022 - 01:47AM
Logica Ventures Corp. (“
Logica” or the
“
Corporation”) (TSXV: LOG.P) announces that in
connection with the election of Ryan Roebuck as chief executive
officer and director of the Corporation, Dylan Pillay as chief
financial officer of the Corporation and Clayton Fisher as director
of the Corporation (collectively, the “
New
Management”) at the Corporation’s annual and special
meeting of shareholders held on April 7, 2022, the Corporation
issued an aggregate of 150,000 common shares of Corporation
(“
Common Shares”) to the New Management at $0.10
per Common Share for aggregate gross proceeds of $15,000 (the
“
Offering”) in compliance with the Policy 2.4 of
TSX Venture Exchange ("
TSXV”).
Proceeds of the Offering will be used for general
corporate and working capital purposes. Insiders subscribed for all
of the Common Shares in the Offering. The private placement of
Common Shares to insiders is exempt from the formal valuation and
minority approval requirements of MI 61-101 and TSXV Policy 5.9 by
the application of sections 5.5(a) and (b) and 5.7(1)(a) of MI
61-101.
The securities issued pursuant to the Offering
have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities
Act”), or any U.S. state securities laws and may not be
offered or sold in the United States absent registration or an
available exemption from the registration requirement of the U.S.
Securities Act and applicable U.S. state securities laws. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
such securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking
information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors
that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, the
risks set out in the Corporation’s public documents filed on SEDAR.
Although the Corporation believes that the assumptions and factors
used in preparing the forward-looking information in this news
release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Corporation disclaims
any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
For further information please
contact:
Logica Ventures Corp. Munaf Ali, Director
Telephone: 416-831-3598 Email: ir@logicaventures.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Logica Ventures (TSXV:LOG.P)
Historical Stock Chart
From Feb 2024 to Mar 2024
Logica Ventures (TSXV:LOG.P)
Historical Stock Chart
From Mar 2023 to Mar 2024