/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR OVER UNITED
STATES WIRE DISTRIBUTION SERVICES/
TORONTO, June 6, 2012 /CNW/ - Andrew Ryu (the "Offeror"), the Chief
Executive Officer of Loyalist Group Limited ("Loyalist") announced that
on June 4, 2012 he acquired ownership of: (a) 1,000,000 common shares
of Loyalist in consideration for the payment by the Offeror of CDN
$100,000 pursuant to and in accordance with the terms of a privately
negotiated subscription agreement between the Offeror and Loyalist; and
(b) 950,724 common shares of Loyalist in consideration for the payment
by the Offeror of CDN $65,000 pursuant to and in accordance with the
terms of a privately negotiated agreement between the Offeror and the
holder of such shares.
The 1,950,724 common shares acquired by the Offeror represent 2.70% of
the outstanding common shares of Loyalist. Following completion of the
purchase of these shares, the Offeror owns or controls 13,643,927
common shares of Loyalist, representing 19.13% of the issued and
outstanding common shares of Loyalist on a non-fully diluted basis.
The common shares of Loyalist are listed on the TSX Venture Exchange.
The shares were purchased by the Offeror for investment purposes. The
Offeror may in the future take such actions in respect of his holdings
in Loyalist as he may deem appropriate in light of the circumstances
then existing, including the purchase of additional common shares or
other securities of Loyalist through open market purchases or privately
negotiated transactions or the sale of all or a portion of the
Offeror's holdings in the open market or in privately negotiated
transactions to one or more purchasers, subject in each case to
applicable securities laws.
The shares were acquired by the Offeror pursuant to and in accordance
with the terms of privately negotiated agreements.
The shares were acquired by the Offeror pursuant to the "accredited
investor" exemption from the registration and prospectus requirements.
The Offeror has filed a report under National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE Andrew Ryu
For further information:
For further information and to obtain a copy of such report, please contact:
c/o Loyalist Group Limited
2040 Yonge Street, 3rd Floor
Toronto, Ontario M4S 1Z9