ANCASTER, ON, July 2 /CNW/ - The Loyalist Insurance Group Limited
(TSXV-NEX symbol: LOY.H) announces that pursuant to Section 191 of the
Business Corporations Act (Alberta) that the company received notice prior to
the special meeting of shareholders held January 30, 2008, that five
shareholders representing a total of 603,572 common shares of the corporation,
were exercising their right to sell all of their outstanding common shares to
the Corporation for cash consideration. The dissenting shareholders
unanimously accepted a price of $0.07 per common share.
All of these common shares have been returned to treasury via the
corporations transfer agent Computershare for cancellation. Subsequently,
18,460,191 common shares remain outstanding as of this date.
The Loyalist Insurance Group Limited is a financial services holding
The TSXV-NEX has neither approved nor disapproved of the information
For further information:
For further information: Mr. Donald W. Coons, President & CEO, The
Loyalist Insurance Group Limited, (905) 648-8637 x 247