Claude Malette announces that he has filed an early warning report announcing the acquisition of an aggregate of 5,000,000 in the capital of
Loyalist Exploration Ltd. upon the Issuer's closing today of its private placement and shares for debt transactions. Prior to the Acquisition, the Acquiror beneficially owned or controlled, directly or indirectly, an aggregate of 26,000,000 Shares and 11,000,000 Share purchase warrants , of which 11,000,000 Warrants are subject to a provision whereby the holder may not exercise such Warrants if such exercise would result in the holder beneficially owning or controlling, directly or indirectly, an aggregate of 10% or more of the issued and outstanding common shares of the Issuer on a non-diluted or partially diluted basis, representing ap...