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TORONTO, ONTARIO--(Marketwired - Dec. 5, 2013) - Loyalist Group Limited (TSX VENTURE:LOY) (the "Company") announces that it has closed the previously announced offering (the "Offering") of 7.5% unsecured subordinated debentures due November 30, 2018 (the "Debentures"), for gross proceeds of $5,250,000. In connection with the Offering, Beacon Securities Limited and Cormark Securities Inc. acted as the underwriters (the "Underwriters") and received an aggregate commission of $257,125 and 428,541 compensation options. Compensation options are exercisable at an exercise of $0.60 for a period of 24 months following the closing date. |
