Mongolia Growth Announces Closing of KEDM Transaction and Transfer to the NEX Board of the TSX Venture Exchange

Rhea-AI Summary

Mongolia Growth Group (TSX-V:YAK) completed the sale of its KEDM business, with the purchaser assuming deferred revenue obligations related to KEDM up to and including October 31, 2025 totaling approximately CAD$845,000. Effective November 5, 2025, the company's TSX Venture Exchange listing will transfer to the NEX board and its trading symbol will change from YAK to YAK.H. There is no change to the company's name, no change to its CUSIP, and no consolidation of capital. The company is continuing work toward closing its office property in Rincon, Puerto Rico.

Positive

• Deferred revenue obligation of ~CAD$845,000 assumed by purchaser
• Listing transfer to NEX board effective November 5, 2025
• Trading symbol change to YAK.H preserves continuity for shareholders

Negative

• Office property closing in Rincon, Puerto Rico remains pending

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

FAQ

What did Mongolia Growth announce about the KEDM transaction on November 3, 2025 (MNGGF / YAK)?

The company completed the sale of KEDM with the purchaser assuming deferred revenue obligations of approximately CAD$845,000 through Oct 31, 2025.

When will Mongolia Growth's TSX Venture listing move to the NEX board and what will the symbol be?

The transfer is effective November 5, 2025, and the trading symbol will change from YAK to YAK.H.

Does the November 5, 2025 transfer change Mongolia Growth's corporate name or CUSIP (MNGGF)?

No; the company stated there is no change to its name, no change to its CUSIP, and no consolidation of capital.

How much deferred revenue related to KEDM was included in the transaction for Mongolia Growth (YAK)?

Approximately CAD$845,000 of deferred revenue obligations up to Oct 31, 2025 were assumed.

Will the KEDM transaction affect Mongolia Growth's listing timing on the TSX Venture (MNGGF)?

Yes; following the completed KEDM transaction, the company will transfer to the NEX board effective Nov 5, 2025.

What outstanding corporate actions remain for Mongolia Growth after the KEDM sale (YAK.H)?

The company is still working toward the closing of its office property in Rincon, Puerto Rico.