ANCASTER, ON, April 29 /CNW/ - The Loyalist Insurance Group Limited (TSX Venture Exchange - NEX symbol: LOY.H) announced today results for the quarter ended March 31, 2010.
The Company's regular revenues for the three months ending March 31, 2010 were $11,963 consisting of investment income compared to $11,810 for the same period in 2009.
Total expenses of the Company for the three months ending March 31, 2010 were $87,116 compared to $98,753 in 2009.
The net loss for the Company for the three months ending March 31, 2010 was $64,543 compared with a net income of $17,833 for the same period in 2009.
The Company currently has instituted a Normal Course Issuer Bid for up to 904,010 Common Shares through the facilities of TSXV-NEX. The shares to be purchased represent up to 5% of the outstanding Common Shares of the Company. This Normal Course Issuer Bid commenced on May 7, 2009 and will terminate on May 6, 2010. The Company has renewed the Normal Course Issuer Bid for a further one year, terminating May 6, 2011.
Both the interim financial statements and the MD&A for the period can be found on SEDAR at www.sedar.com.
The Loyalist Insurance Group Limited is a financial services holding company.
The TSX Venture Exchange - NEX has neither approved nor disapproved of the information contained herein.
SOURCE Loyalist Group Limited
For further information: For further information: Mr. Donald Coons, President & CEO, The Loyalist Insurance Group Limited, (905) 648-8637 x 247