Loyalist Group Limited

Loyalist Group Limited

June 15, 2015 08:40 ET

Loyalist Announces Board Change

TORONTO, ONTARIO--(Marketwired - June 15, 2015) - Loyalist Group Limited ("Loyalist" or the "Company") (TSX VENTURE:LOY) announces that, effective as of June 13, 2015, Andrew Ryu has resigned as a director of the Company. The Company notes that because Mr. Ryu is also no longer an officer of the Company, his resignation as a director automatically terminates the lock-up agreement that was signed by Mr. Ryu as part of the Company's March 2015 common share offering. Mr. Ryu has offered to assist the Company as and when requested in order to facilitate the transition of the Company's operations to its new management team.

The Company is also pleased to announce the appointment of Shawn Klerer, the recently appointed Chief Executive Officer of the Company, as a director of the Company.

About Loyalist

Loyalist owns and operates private English as a Second Language (ESL) Schools, Career Colleges and Community Colleges in Toronto, Vancouver, Victoria and Halifax.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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