Home > Boards > US OTC > Delisted > KGIC Inc. (fka LGLTF)

Loyalist Settles All Payments For King George Schools

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
pointofreturn Member Profile
 
Followed By 20
Posts 585
Boards Moderated 0
Alias Born 01/21/11
160x600 placeholder
pointofreturn   Monday, 03/24/14 12:10:08 PM
Re: None
Post # of 53 
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.

© 2014 Canjex Publishing Ltd.



Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences