Loyalist agreement to acquire Uhak ACCEPTED by TSX
Loyalist Group Ltd (C:LOY)
Shares Issued 148,814,592
Last Close 12/4/2014 $0.45
Friday December 05 2014 - Acquisition
The TSX Venture Exchange has accepted for filing documentation relating to a share purchase agreement dated Nov. 24, 2014, between an arm's-length party and Loyalist Group Ltd. Pursuant to the agreement, the company shall acquire all the issued and outstanding shares of Uhak.com Co. Ltd., which runs a South Korean-based student recruiting agency and has offices in South Korea, Philippines, Canada, United States, England, Australia and New Zealand.
In consideration the company shall pay a total of $5.3-million plus issue 5,384,615 common shares to the vendor.
For more information, refer to the company's news release dated Nov. 24, 2014.
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