LOGiQ Announces Results of Special Meeting of Shareholders

TORONTO, May 31, 2018 /CNW/ - LOGiQ Asset Management Inc. ("LOGiQ", or the "Company") (TSX:LGQ) today held the special meeting (the "Meeting") of the holders (the "Shareholders") of the common shares in the capital of the Company (the "Shares").

On March 12, 2018, the Company entered into an arrangement agreement with Grenville Strategic Royalty Corp. ("Grenville") pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares of Grenville ("Grenville Shares") on the basis of 6.25 Shares for each outstanding Grenville Share (the "Arrangement"). The purpose of the Meeting was to consider and approve resolutions related to the Arrangement.

At the Meeting, the Shareholders approved the following resolutions:

Complete details regarding the matters considered at the Meeting were outlined in the joint management information circular of the Company and Grenville dated May 2, 2018 (the "Circular") mailed to shareholders of record on April 30, 2018. The Circular is also available at www.sedar.com.

Completion of the Arrangement, which is expected to occur on or about June 7, 2018, is subject to a number of conditions precedent, including approval from the Supreme Court of British Columbia and satisfaction of other customary closing conditions.

About LOGiQ:

LOGiQ (logiqasset.com) has an institutional global advisory sales platform (the "Global Partners platform") providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. LOGiQ had assets under management or advisement and institutional advisory sales-related fee earning arrangements that are not managed or advised, totaling $3.4 billion as at March 31, 2018.

SOURCE LOGiQ Asset Management Inc.