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CALGARY, Nov. 10, 2011 /CNW/ - Sylogist Ltd. (TSXV: SYZ) ("Sylogist" or the "Corporation") announces that it reached agreement for the full repayment of USD
$1.5 million convertible debt, with interest, loaned to an Alberta
private company in March, 2011 and has been repaid. Concurrent with its
loan, Sylogist acquired and retains a minority equity interest in that
Sylogist is a technology innovation and licensing company which, through
strategic acquisitions, investments and operations management, provides
intellectual property solutions to a wide range of public and private
sector customers. The Corporation's stock is traded on the TSX Venture
Exchange under the symbol "SYZ".
- Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy
of this release -
SOURCE Sylogist Ltd.
For further information:
James D. Wilson, President and CEO