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Loyalist closes US$10.01 million bought deal private placement

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On January 27, 2014, Loyalist Group Limited (Loyalist) completed a “bought deal” private placement for aggregate gross proceeds of $10.01 million. The offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Cormark Securities Inc. and Paradigm Capital Inc. who purchased, on a “bought deal” basis, an aggregate of 14,300,000 common shares in the capital of Loyalist. The proceeds of the offering will be used by Loyalist for funding of acquisitions and for working capital and general corporate purposes. Loyalist owns and operates private English as a Second Language (ESL) schools, career colleges and community colleges in Toronto, Vancouver, Victoria and Halifax. The underwriters were advised by a team from Fasken Martineau that included Rubin Rapuch, Brad Freelan, Jessica Catton and Aidan Hyde (corporate/securities).



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