Voleo Trading Systems Inc. announced that it has closed the business combination of Voleo Inc. and the Company and the net escrowed proceeds from the previously announced offering of subscription receipts will be released to the Company. On the closing of the Transaction, the Company changed its name to Voleo Trading Systems Inc. The Company announced a new board of directors and management team. Mark J. Morabito, Jay Sujir, Glen Wilson, Nicky Senyard, Brad Wiggins and Mark Lotz have been appointed as the new directors of the Company.

Mr. Morabito has been appointed as Executive Chairman and Mr. Thomas Beattie has been appointed as Chief Executive Officer. Additional officer appointments include Kate-Lynn Genzel as Chief Financial Officer and Lara Wilson as Corporate Secretary.