Loyalist Group Limited (TSXV:LOY) is looking for acquisition opportunities. Loyalist entered into an agreement with a syndicate of agents led by Paradigm Capital Inc. and Cormark Securities Inc., and including Canaccord Genuity Corp. and Haywood Securities Inc., to undertake a private placement of common shares for gross proceeds of a minimum of up to CAD 7 million.

Loyalist anticipates that the proceeds of the offering will be used for general working capital purposes and the financing of potential acquisitions.