LOGiQ Asset Management Inc., formerly known as Aston Hill Financial Inc., has completed the previously-announced transaction between Aston Hill Financial and the vendors of Front Street Capital 2004 and Tuscarora Capital Inc. to combine their respective companies.

This has created a new, independent asset management firm (LOGiQ Asset Management).

LOGiQ AM has also announced that, effective today, Joe Canavan is the new CEO. The board of directors is now comprised of: Dr. Eldon Smith, Nevin Markwart, Catherine Best, and Donna Toth, together with Canavan.

It’s expected that the common shares of the new company will commence trading, effective December 14, 2016, under the new name and ticker symbol “LGQ”. In addition, trading in the debentures will be halted commencing today and are expected to commence under the new name and ticker symbol “LGQ. DB”, as of December 14, 2016.

Also, as previously announced, investors have approved the change of manager of the Front Street Mutual Funds resulting from the transaction. Effective on or about December 9, 2016, Front Street will be renamed LOGiQ Capital 2016, and the management agreements for the Front Street Mutual Funds will be moved from Front Street to LOGiQ Asset Management.

As a result, the manager of the Front Street Mutual Funds will change to LOGiQ Asset Management at that time.