CALGARY,
AB, July 14, 2023 /CNW/ - Logan Energy
Corp. ("Logan" or the "Company") is pleased
to announce that, further to the Company's press release dated
July 13, 2023, Logan has received
final approval from the TSX Venture Exchange (the "TSXV") to
list the common shares of Logan (the "Logan Shares") on the
TSXV as a Tier 1 Oil and Gas Issuer. Trading in respect of
Logan Shares will commence at market open on July 18, 2023, under the symbol "LGN".
The total number of Logan Shares issued and outstanding at
listing will be 311,746,522. A total of 71,029,030 Logan Shares
held by principals will be subject to the TSXV's Tier 1 Value
escrow requirements, with 25% of the escrowed shares to be released
at the date of the Final Exchange Bulletin in respect of the
listing, with an additional 25% of the total escrowed shares to be
released, respectively, at the 6th, 12th and 18th month
anniversaries of the date of the bulletin.
ABOUT LOGAN ENERGY CORP.
Logan is a growth-oriented exploration, development and
production company formed through the spin-out of Spartan's early
stage Montney assets. Logan
is founded with a strong initial capitalization and three high
quality and opportunity rich Montney assets located in the Simonette and
Pouce Coupe areas of northwest
Alberta and the Flatrock area of northeastern British Columbia. The management team brings
proven leadership and a track record of generating excess returns
in various business cycles.
Logan's corporate presentation as of July
13, 2023 can be accessed on its website at
https://www.loganenergycorp.com.
SOURCE Logan Energy Corp.