The Loyalist Insurance Group Limited Announces Normal Course Issuer Bid

    ANCASTER, ON, May 5 /CNW/ - The Loyalist Insurance Group Limited
(TSXV-NEX symbol: LOY.H) has received a notice of acceptance from the TSXV-NEX
to make a Normal Course Issuer Bid for up to 914,010 Common Shares through the
facilities of the TSXV -NEX and in accordance with the by-laws and rules of
the Exchange. The shares to be purchased represent approximately 5% of the
outstanding Common Shares of Loyalist. This Normal Course Issuer Bid will
commence May 7, 2009 and terminate on May 6, 2010. The Company's agent in this
matter is Tony Migliarese at Haywood Securities Inc., Calgary, Alberta.
    The board of directors of Loyalist has authorized a Normal Course Issuer
Bid because it believes that in appropriate circumstances the repurchased
Common Shares represent an attractive investment for Loyalist and that
consequently such purchases will enhance the value of the Common Shares held
by remaining shareholders.

    /The TSXV-NEX has neither approved nor disapproved of the information
    contained herein./

    %SEDAR: 00009147E

For further information:

For further information: Mr. Donald W. Coons, President & CEO, The
Loyalist Insurance Group Limited, (905) 648-8637 x 247

Organization Profile

Loyalist Group Limited

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890