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KGIC Inc.
150 Eglinton Ave East
Phone: (416) 969-9800p:416 969-9800 Toronto, ON  M4P 1E8  Canada Fax: (416) 969-9801f:416 969-9801

On 1/25/2017, the Supreme Court of British Columbia appointed BDO Canada Limited as the Receiver, without security, of all of the assets, undertakings and properties of the Company. The Receiver was appointed pursuant to an application of a Notice of Intention to Enforce Security pursuant to subsection 244(1) of the Bankruptcy and Insolvency Act (Canada)brought by lender, CIBT Finance.
On 3/30/2017, CIBT Education Group Inc. completed the acquisition of the operating assets of KGIC Inc.
This company is no longer actively traded on any major stock exchange.

Business Summary
KGIC Inc., formerly Loyalist Group Limited, is a Canada-based educational company. The Company operates English as a second language (ESL), technical and career training schools in Canada. The Company has agreements with commission-based recruitment agents in South Korea, Taiwan, Turkey, Brazil, China, Mexico, Ecuador, Venezuela and other countries. The Company has approximately 20 campuses. It has operations in various cities across Canada, including Victoria, Vancouver, Burnaby, Surrey, Chilliwack and Toronto. It has approximately four Language Schools, over four Career Colleges and an International High School. It offers a range of services, including dormitories, college or university application assistance, activities and events, student counselling and homestay. It offers program areas, including Business and Management, College and University Preparation, Customized Programming and Training, Early Childhood Education, Hospitality and Tourism, and Teacher Training.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
9/30/201612/31/2015Yes----

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Interim Chairman of the Board ShanPadda 9/1/2016 12/22/2015
President, Chief Executive Officer, Director AlexMacGregor 12/22/2015 12/22/2015
Chief Operating Officer ShawnKlerer 12/22/2015 6/13/2015
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
KGIC Language College (2010) Corp. 1400 Robson Street Vancouver BC Canada

Business Names
Business Name
Cornerstone Academic College of ESL, Teacher Training and Test Preparation
KGIC Business College (2010) Corp.
KGIC Language College (2010) Corp.
9 additional Business Names available in full report.

General Information
Outstanding Shares: 179,169,923 (As of 9/30/2016)
Stock Exchange: CVE
Fax Number: (416) 969-9801


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Saturday, July 22, 2023