The consideration to be received by Grenville shareholders reflects the relative values of each of LOGiQ and Grenville. Upon completion of the Transaction, existing holders of LOGiQ Shares and Grenville Shares will collectively own approximately 33% and 67% of the combined company, respectively.

LOGiQ and Grenville believe that on a combined basis, the companies together will offer a more effective and viable platform for enhancing shareholder value. “As we explored various options for LOGiQ shareholders, we believe Grenville and its business model, combined with LOGiQ’s institutional Global Advisory Sales platform, offers exciting growth opportunities and the potential to rebuild shareholder value” said Dr. Eldon Smith, LOGiQ’s Chairman. “Grenville’s renewed investment process, strong deal flow pipeline and investment structure are designed to return significant cash on cash yields to investors while participating in the growth of its portfolio companies. This model has been built to provide a win for Grenville’s shareholders and portfolio companies alike. Grenville’s recent success with companies such as Boardwalktech, an emerging enterprise Blockchain company based in California, and its significant equity position in cannabis franchisor Inner Spirit, are indicative of the quality of its deal flow and the upside potential of Grenville’s business model.”

Vernon Lobo, Chair of Grenville’s investment committee added: “We are delighted to be partnering with LOGiQ as we add scale to our business to allow us to take advantage of the compelling investment opportunities ahead of us. Both companies have worked very hard over the past year to address their challenges, and the combination of these businesses will provide us with a solid financial platform from which to build a value-creating business focused on providing alternative sources of financing to high growth companies throughout North America. We are encouraged by recent events in our portfolio, including the contract buyout concluded last week with phone repair company FIXT, and the going public transaction announced by Clear Blue Technologies, one of our earliest investees. We are also looking forward to partnering with Steve Mantle and his team at LOGiQ Global Partners as they continue to grow their business, which generates a consistent and growing revenue stream for the benefit of shareholders. We will be working on board and management configuration over the coming weeks.”

The board of directors of LOGiQ (the “LOGiQ Board”), based on the unanimous recommendation of a special committee of the LOGiQ Board, has unanimously approved the Transaction and recommends that holders of LOGiQ Shares vote in favour of the special resolution approving the continuance of LOGiQ from Alberta into British Columbia (the “Continuance”), which is required to complete the Transaction, and the ordinary resolution approving the issuance of LOGiQ Shares pursuant to the Transaction (the “Share Issuance”).

The board of directors of Grenville (the “Grenville Board”), based on the unanimous recommendation of a special committee of the Grenville Board, has unanimously approved the Transaction and recommends that holders of Grenville Shares vote in favour of the special resolution approving the Transaction.

Transaction Terms

Under the terms of the Arrangement Agreement, the Transaction will be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”).

The Transaction is subject to shareholder, TSX and Supreme Court of British Columbia approval, and the satisfaction of other customary closing conditions. LOGiQ and Grenville intend to complete the Transaction as soon as possible after all conditions have been met or waived.

The Transaction will require approval by at least 66⅔% of holders of the Grenville Shares represented in person or by proxy at a special meeting of holders of Grenville Shares to be called to consider the Transaction (the “Grenville Meeting”) and, if required, a simple majority of the votes cast by holders of Grenville Shares after excluding the votes cast by those persons whose votes may not be included under the Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.

The continuance of LOGiQ from Alberta into British Columbia will require approval by at least 66⅔% of holders of the LOGiQ Shares represented in person or by proxy at a special meeting of holders of LOGiQ Shares to be called to consider the Continuance and the Share Issuance (the “LOGiQ Meeting”). The issuance of the LOGiQ Shares pursuant to the Transaction will require approval by holders of a simple majority of LOGiQ Shares represented in person or by proxy at the LOGiQ Meeting, pursuant to the requirements of the TSX. Subject to any required regulatory and shareholder approvals, in connection with the completion of the Transaction, the LOGiQ Shares may be consolidated on a ratio to be determined by the parties.

Further details of the Transaction are set out in the Arrangement Agreement and will also be set out in the joint management information circular to be prepared in connection with the LOGiQ Meeting and the Grenville Meeting, both of which will be filed by LOGiQ and Grenville on SEDAR and will be available on their respective profiles at www.sedar.com.

Voting Support Agreements

All directors and officers of Grenville that are securityholders of Grenville, all directors and officers of LOGiQ that are securityholders of LOGiQ and certain other shareholders of LOGiQ have entered into customary voting support agreements to, among other things, vote in favour of the Transaction.

About LOGiQ

LOGiQ (www.logiqasset.com) provides investment management services to institutional investors through segregated managed accounts and pooled funds, and has an institutional global advisory sales 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 over $3.4 billion as at December 31, 2017.

About Grenville

Based in Toronto, Grenville Strategic Royalty Corp. is a publicly-traded royalty company that makes investments in established businesses with revenues of up to $50 million dollars. Grenville generates revenues from royalty payments, buyouts from contracts and equity returns. The flexible royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms.

Cautionary Statement

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including: future operating results and funding requirements; the ability to achieve synergies; future general economic and market conditions; and changes in laws and regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. LOGiQ and Grenville do not undertake to update any forward-looking information contained herein, except as required by applicable securities laws. There are a number of conditions precedent to the completion of the Transaction and there can be no assurance that such conditions precedent will be satisfied and that the Transaction will be completed.

The TSX has neither approved nor disapproved the information contained in this release. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Requests for further information should be directed to:

LOGiQ Asset Management Inc.
Joe Canavan
President and Chief Executive Officer
jcanavan@logiqasset.com

Mary Anne Palangio
Chief Financial Officer
mapalangio@logiqasset.comPhone: (416) 583-2300 180
John Street Toronto, ON M5T 1X5

Grenville Strategic Royalty Corp.
Steven Parry
Chief Executive Officer
steve@GrenvilleSRC.com
Phone: (416) 777-0383
1 Adelaide Street East,
Suite 3002, PO Box 171,
Toronto, Ontario M5C 2V9

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