TORONTO, ON / ACCESS Newswire / November 3, 2025 / Mongolia Growth Group Ltd. (TSX-V:YAK)("MGG" or the "Company") announced today that, further to its news releases dated August 28, 2025, September 26, 2025 and October 8, 2025, the Company has completed the sale of its KEDM business for consideration of the assumption of all obligations related to the deferred revenues associated with the KEDM business up to and including October 31, 2025, totaling approximately CAD$845,000 (the "KEDM Transaction"). The Company continues to work towards the closing of its office property in Rincon, Puerto Rico.
As a result of the completion of the KEDM Transaction, effective November 5, 2025, the Company's exchange listing will be transferred to the NEX board of the TSX Venture Exchange. The trading symbol for the Company will change from YAK to YAK.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital.
For further information please contact:
Genevieve Walkden
Corporate Secretary & Chief Financial Officer
Email: gwalkden@mongoliagrowthgroup.com
Phone: (877) 644-1186
Forward-Looking Information Disclaimer
This press release contains forward-looking information within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the transfer of the Company's listing to the NEX Board of the TSX Venture Exchange. These statements are subject to numerous risks and uncertainties, including regulatory approvals, asset sale outcomes, tax interpretations, and market conditions. Actual results may differ materially. Readers are cautioned not to place undue reliance on these statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market and business conditions, the regulatory process and actions, regulator and corporate approvals, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mongolia Growth Group Ltd.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/real-estate/mongolia-growth-announces-closing-of-kedm-transaction-and-transfer-to-the-nex-board-of-1096149