Mongolia Growth Announces Closing of KEDM Transaction and Transfer to the NEX Board of the TSX Venture Exchange
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.
Mongolia Growth Group (TSX-V:YAK) ha completato la vendita della sua attività KEDM, con l'acquirente che assume le obbligazioni di ricavi differiti relative a KEDM fino e inclusa il 31 ottobre 2025, per un importo di circa CAD$845.000. A partire dal 5 novembre 2025, la quotazione della società presso la TSX Venture Exchange passerà al NEX board e il suo simbolo di negoziazione passerà da YAK a YAK.H. Non vi è alcuna modifica al nome dell'azienda, al CUSIP o alla consolidazione del capitale. L'azienda continua a lavorare per chiudere la sua proprietà dell'ufficio a Rincon, Porto Rico.
Mongolia Growth Group (TSX-V:YAK) completó la venta de su negocio KEDM, con el comprador asumiendo las obligaciones de ingresos diferidos relacionadas con KEDM hasta e incluyendo el 31 de octubre de 2025 por un total de aproximadamente CAD$845,000. A partir del 5 de noviembre de 2025, la cotización de la empresa en la TSX Venture Exchange se transferirá a la junta NEX y su símbolo de negociación cambiará de YAK a YAK.H. No hay ningún cambio en el nombre de la empresa, ni en su CUSIP, ni en la consolidación de capital. La empresa continúa trabajando para cerrar la propiedad de su oficina en Rincon, Puerto Rico.
Mongolia Growth Group (TSX-V:YAK) 는 KEDM 사업 매각을 완료했으며 매수인은 KEDM 관련 이연 수익 의무를 2025년 10월 31일 포함하여 인수했고 총액은 약 CAD$845,000입니다. 2025년 11월 5일부로 회사의 TSX Venture Exchange 상장은 NEX 보드로 이전되며 거래 기호는 YAK에서 YAK.H로 변경됩니다. 회사 이름에는 변경 없음, CUSIP도 변경 없음, 자본 통합도 없음. Rincon, Puerto Rico의 사무실 부동산 매각 마감을 위한 작업을 계속 진행 중입니다.
Mongolia Growth Group (TSX-V:YAK) a finalisé la vente de son activité KEDM, l'acheteur assumant les obligations de revenus différés liées à KEDM jusqu'au 31 octobre 2025 inclus, pour un montant d'environ CAD$845,000. À compter du 5 novembre 2025, la cotation de la société à la TSX Venture Exchange sera transférée sur le NEX board et son symbole de négoce passera de YAK à YAK.H. Il n'y a aucun changement du nom de la société, ni du CUSIP, ni de la consolidation de capital. L'entreprise poursuit ses efforts pour boucler la propriété du bureau à Rincon, Porto Rico.
Mongolia Growth Group (TSX-V:YAK) hat den Verkauf seines KEDM-Geschäfts abgeschlossen, wobei der Käufer Verpflichtungen aus nachträglichen Einnahmen im Zusammenhang mit KEDM bis einschließlich 31. Oktober 2025 übernommen hat und insgesamt ca. CAD$845,000 beträgt. Ab dem 5. November 2025 wird die Börsennotierung der Gesellschaft an der TSX Venture Exchange in das NEX board übertragen und das Handelssymbol ändert sich von YAK zu YAK.H. Es gibt keine Veränderung des Firmennamens, keine Änderung der CUSIP und keine Kapitalzusammenlegung. Das Unternehmen setzt seine Bemühungen fort, den Abschluss der Büroimmobilie in Rincon, Puerto Rico, zu erreichen.
المجموعة المغولية للنمو erzielen (TSX-V:YAK) أكملت بيع عمل KEDM، مع تحمّل المشتري الالتزامات المتعلقة بالإيرادات المؤجّلة المرتبطة بـ KEDM حتى 31 أكتوبر 2025 بإجمالي تقريبي قدره CAD$845,000. اعتبارًا من 5 نوفمبر 2025، ستنتقل قائمة الشركة في TSX Venture Exchange إلى لوحة NEX وسيتم تغيير رمز التداول من YAK إلى YAK.H. لا يوجد أي تغيير في اسم الشركة ولا في CUSIP ولا في دمج رأس المال. تواصل الشركة العمل لإغلاق صفقة مكان المكتب في Rincon، بورتو ريكو.
- 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
- 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
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)?
When will Mongolia Growth's TSX Venture listing move to the NEX board and what will the symbol be?
Does the November 5, 2025 transfer change Mongolia Growth's corporate name or CUSIP (MNGGF)?
How much deferred revenue related to KEDM was included in the transaction for Mongolia Growth (YAK)?
Will the KEDM transaction affect Mongolia Growth's listing timing on the TSX Venture (MNGGF)?
What outstanding corporate actions remain for Mongolia Growth after the KEDM sale (YAK.H)?
