Loyalist Group Limited (TSXV:LOY.V), announced today that it has engaged MGI Securities Inc. – Dominion Lending Centres Clearlease
Toronto, Ontario – (April 18, 2011) Clearlease.com Reports Loyalist Group Limited (TSXV:LOY.V), announced today that it has engaged MGI Securities Inc. as exclusive Agent to sell, on a brokered, best efforts basis, up to 12,000,000 units of the Corporation at a price of $0.125 per Unit for aggregate gross proceeds of up to approximately $1,500,000.
Each unit will consist of one common share in the capital of the Corporation (a “Common Share”) and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of $0.175 per Warrant Share for a period of 24 months from the closing.
Loyalist has also granted the Agent an option, exercisable at any time up to 48 hours prior to the time set for the closing of the Offering, to increase the size of the Offering by an additional 3,333,334 Units (the “Optioned Units” together with the Initial Units, the “Units”) at a price per Optioned Unit equal to the Issue Price for additional gross proceeds to the Corporation of up to $500,000, subject to regulatory approval.
The Company agrees that the Agent shall receive cash compensation equal to 8.0% of the gross proceeds raised and to grant to the Agent warrants entitling the Agent to subscribe for that number of Common Shares as is equal to 8.0% of the total number of Units sold pursuant to the Offering. The Agents are also entitled to receive additional incentive compensation at the Agents option, of up to $35,000 or 525,000 Compensation Warrants, based upon achievement time and amount targets. Subject to regulatory approval, each Compensation Warrant will be exercisable to acquire one Common Share for a period of twenty-four (24) months following the Closing Date at an exercise price equal to the Issue Price.
The proceeds from the Offering will be used to advance the Corporation’s business plan for McKinsey Education Group, to expand its locations both in Canada and internationally and to provide multiple education services, and programs in career development and the formation and execution of online services.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Toronto, Ontario – (April 18, 2011) Clearlease.com Reports Loyalist Group Limited (TSXV:LOY.V), announced today that it has engaged MGI Securities Inc. as exclusive Agent to sell, on a brokered, best efforts basis, up to 12,000,000 units of the Corporation at a price of $0.125 per Unit for aggregate gross proceeds of up to approximately $1,500,000.
Each unit will consist of one common share in the capital of the Corporation (a “Common Share”) and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of $0.175 per Warrant Share for a period of 24 months from the closing.
Loyalist has also granted the Agent an option, exercisable at any time up to 48 hours prior to the time set for the closing of the Offering, to increase the size of the Offering by an additional 3,333,334 Units (the “Optioned Units” together with the Initial Units, the “Units”) at a price per Optioned Unit equal to the Issue Price for additional gross proceeds to the Corporation of up to $500,000, subject to regulatory approval.
The Company agrees that the Agent shall receive cash compensation equal to 8.0% of the gross proceeds raised and to grant to the Agent warrants entitling the Agent to subscribe for that number of Common Shares as is equal to 8.0% of the total number of Units sold pursuant to the Offering. The Agents are also entitled to receive additional incentive compensation at the Agents option, of up to $35,000 or 525,000 Compensation Warrants, based upon achievement time and amount targets. Subject to regulatory approval, each Compensation Warrant will be exercisable to acquire one Common Share for a period of twenty-four (24) months following the Closing Date at an exercise price equal to the Issue Price.
The proceeds from the Offering will be used to advance the Corporation’s business plan for McKinsey Education Group, to expand its locations both in Canada and internationally and to provide multiple education services, and programs in career development and the formation and execution of online services.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Loyalist Group Limited (TSXV:LOY.V), announced today that it has engaged MGI Securities Inc. – Dominion Lending Centres Clearlease
Toronto, Ontario – (April 18, 2011) Clearlease.com Reports Loyalist Group Limited (TSXV:LOY.V), announced today that it has engaged MGI Securities Inc. as exclusive Agent to sell, on a brokered, best efforts basis, up to 12,000,000 units of the Corporation at a price of $0.125 per Unit for aggregate gross proceeds of up to approximately $1,500,000.
Each unit will consist of one common share in the capital of the Corporation (a “Common Share”) and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of $0.175 per Warrant Share for a period of 24 months from the closing.
Loyalist has also granted the Agent an option, exercisable at any time up to 48 hours prior to the time set for the closing of the Offering, to increase the size of the Offering by an additional 3,333,334 Units (the “Optioned Units” together with the Initial Units, the “Units”) at a price per Optioned Unit equal to the Issue Price for additional gross proceeds to the Corporation of up to $500,000, subject to regulatory approval.
The Company agrees that the Agent shall receive cash compensation equal to 8.0% of the gross proceeds raised and to grant to the Agent warrants entitling the Agent to subscribe for that number of Common Shares as is equal to 8.0% of the total number of Units sold pursuant to the Offering. The Agents are also entitled to receive additional incentive compensation at the Agents option, of up to $35,000 or 525,000 Compensation Warrants, based upon achievement time and amount targets. Subject to regulatory approval, each Compensation Warrant will be exercisable to acquire one Common Share for a period of twenty-four (24) months following the Closing Date at an exercise price equal to the Issue Price.
The proceeds from the Offering will be used to advance the Corporation’s business plan for McKinsey Education Group, to expand its locations both in Canada and internationally and to provide multiple education services, and programs in career development and the formation and execution of online services.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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