Loyalist Settles All Payments For King George Schools
Moving Forward And Upward
Loyalist settles all payments for King George schools
Loyalist Group Ltd (C:LOY)
Shares Issued 148,814,592
Last Close 3/19/2014 $0.68
Friday March 21 2014 - News Release
Mr. Andrew Ryu reports
LOYALIST SATISFIES OUTSTANDING AMOUNTS OWING IN RESPECT OF KGIC ACQUISITION
Loyalist Group Ltd. has satisfied all undisputed amounts owing under the promissory note given by it in connection with the acquisition of King George International College (KGIC), an accredited and licensed English-as-a-second-language (ESL) school, and King George International Business College (KGIBC), a registered career college in Toronto, Vancouver and Victoria, which was previously announced on Sept. 18, 2013. KGIC and KGIBC have a total of eight campuses in Halifax, Toronto, Vancouver and Victoria.
"The company continues to work through the final stages of the integration of KGIC and KGIBC with the other brands under the Loyalist label, and we are very pleased with the co-operative manner in which this integration is being accomplished," stated Andrew Ryu, chief executive officer of Loyalist.
We seek Safe Harbor.
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