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Loyalist Group Ltd Closes Acquisition of MTI Community College Inc

Wednesday, 17 Jul 2013 07:00am EDT 

Loyalist Group Ltd announced that it has completed the acquisition of MTI Community College Inc., a community college operator with seven campuses in the Greater Vancouver Area, B.C. The total purchase price was $8.0 million of which $6.0 million, subject to certain closing adjustments, was paid in cash at closing and $2.0 million, subject to certain post-closing adjustments, is payable by way of a non-interest bearing, secured, subordinated promissory note due May 15, 2014. 

Company Quote

-0.01 -2.13%
25 Jul 2014