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Loyalist Group CEO Ryu buys 100,000 shares of Loyalist

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chambers   Thursday, 12/11/14 02:29:17 PM
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Loyalist Group CEO Ryu buys 100,000 shares of Loyalist


2014-12-02 09:09 ET - News Release


Mr. Andrew Ryu reports

LOYALIST GROUP LIMITED INSIDER PURCHASES SHARES IN OPEN MARKET

Loyalist Group Ltd.'s Andrew Ryu, a director, and president and chief executive officer of the company, has purchased 100,000 common shares in the capital of Loyalist through the facilities of the TSX Venture Exchange at prices between 46 cents and 47 cents per share with a total value of approximately $47,000.

As a result of this acquisition, Mr. Ryu now owns, directly and indirectly, 17,566,102 common shares, which represents approximately 11.8 per cent of the total outstanding common shares.

Mr. 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."

Mr. 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.

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