Mongolia Growth Group Announces AGM Results

Rhea-AI Summary

Mongolia Growth Group Ltd. (OTC PINK:MNGGF) successfully held its Annual General Meeting on September 7, 2022, where all director nominations were approved. The elected directors include Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman, and Robert Scott. The company focuses on commercial real estate investments in Mongolia, possessing a diverse portfolio of institutional-grade assets. MGG emphasizes its commitment to the Mongolian economy and its ongoing growth strategies.

Positive

• Successful passage of all resolutions at the AGM.
• Election of a full slate of experienced directors.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 8, 2022 / Mongolia Growth Group Ltd. (TSXV:YAK)(OTC PINK:MNGGF) ("MGG") or ("the Company") a commercial real estate investment company participating in the Mongolian economy, announces the passage of all resolutions and the election of all nominated directors (Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman and Robert Scott) at the Company's Annual General Meeting held on September 7, 2022.

For further information on the Corporation, please visit www.mongoliagrowthgroup.com

or contact:

Mrs. Genevieve Walkden, Corporate Secretary
(877) 644-1186
gwalkden@MongoliaGrowthGroup.com

Mongolia Growth Group Ltd. is a publicly traded and leading property investment company in Ulaanbaatar, Mongolia. Mongolia Growth Group Ltd. owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets.

Forward-looking Information and Statements

This press release contains certain statements or disclosures relating to MGG that are based on the expectations of its management as well as assumptions made by and information currently available to MGG which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that MGG anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by terms such as "forecast", "future", "may", "will", "expect", "anticipate", "believe", "potential", "enable", "plan", "continue", "contemplate", "pro-forma", or other comparable terminology.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by MGG as of the date of such statements, are inherently subject to business, economic and competitive uncertainties and contingencies. The assumptions of MGG used for this news release may prove to be incorrect. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks which could cause actual results to vary and in some instances to differ materially from those anticipated by MGG and described in the forward-looking statements contained in this press release.

Although MGG believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. MGG's actual results may differ materially from those expressed or implied in forward-looking statements and readers should no place undue importance or reliance on the forward-looking statements. Statements including forward looking statements are made as of the date they are given and, except as required by applicable securities laws, MGG disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Mongolia Growth Group Ltd.

View source version on accesswire.com:
https://www.accesswire.com/715153/Mongolia-Growth-Group-Announces-AGM-Results

FAQ

What significant event occurred for Mongolia Growth Group on September 7, 2022?

Mongolia Growth Group held its Annual General Meeting and successfully elected all nominated directors.

Who were the newly elected directors of Mongolia Growth Group?

The elected directors are Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman, and Robert Scott.

What is the main focus of Mongolia Growth Group's business?

Mongolia Growth Group specializes in commercial real estate investments in Mongolia, owning a diverse portfolio of institutional-grade assets.

What does the stock symbol MNGGF represent?

The stock symbol MNGGF represents Mongolia Growth Group Ltd. traded on the OTC market.