Loyalist Group

Loyalist was incorporated pursuant to the Business Corporations Act (Alberta) on September 20, 1996. Loyalist completed its initial public offering by way of prospectus in April 1997 and commenced trading on the TSX-V in June 1997. Loyalist's common shares currently trade on the TSXV-NEX, with the trading symbol LOY.H. Loyalist acquired an insuranc... e brokerage and a provincially licensed property and casualty insurer in November 1997. Loyalist subsequently completed various acquisitions of insurance brokerages. In the first quarter of 2008 Loyalist sold its insurance operations; thereafter, Loyalist's principal business became identification, evaluation and the acquisition of an interest in assets or businesses. Loyalist is in the process of completing a private placement of a minimum of $300,000 up to a maximum of $700,000. The terms and conditions are as follows. Common shares will be issued at a deemed price of $0.15 with a full warrant at $0.225 for two years. Minimum 2,000,000 shares and maximum 4,666,667 shares will be issued at closing, which means total shares issued will be minimum of 44,857,969 shares and maximum of 50,191,303 upon completion of the proposed transaction. This private placement is non-brokered, and the closing of the financing is subject to the completion of the RTO and listing on TSXV. Completion of the transaction is subject to a number of conditions, including Exchange acceptance and Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the filing statement that was prepared in connection with the transaction, any information released or received with respect to the reverse takeover may not be accurate or complete and should not be relied upon. Trading the securities of Loyalist Group Limited should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits ...Read More