Loyalist Group Limited

Loyalist Group Limited

December 02, 2014 09:01 ET

Loyalist Group Limited Insider Purchases Shares in Open Market

TORONTO, ONTARIO--(Marketwired - Dec. 2, 2014) - Loyalist Group Limited ("Loyalist") (TSX VENTURE:LOY) is pleased to announce that Andrew Ryu, director, President and Chief Executive Officer of Loyalist, has purchased 100,000 common shares in the capital of Loyalist ("Common Shares" or "Shares") through the facilities of the TSX Venture Exchange at prices between $0.46 and $0.47 per Share with a total value of approximately $47,000.

As a result of this acquisition, Andrew Ryu now owns, directly and indirectly, 17,566,102 Common Shares, which represents approximately 11.8% of the total outstanding Common Shares.

Andrew Ryu said of the purchases, "I am a strong believer in Loyalist's business model and I am extremely pleased with our recent results. With my increased shareholding, I am even more strongly aligned with Loyalist's long-term growth."

Andrew Ryu acquired the shares for investment purposes and he may in the future take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional shares or other securities of Loyalist through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.

About Loyalist

Loyalist Group Limited 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) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.

Contact Information