Mongolia Growth Group Announces AGM Results

Rhea-AI Summary

Mongolia Growth Group Ltd. announced the successful passage of all resolutions and the election of directors at its Annual General Meeting on September 1, 2020. The elected directors include Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman, and Robert Scott. MGG is focused on commercial real estate investment in Mongolia and boasts a diverse property portfolio, emphasizing institutional-grade assets. The company warns that forward-looking statements made in the release involve risks and uncertainties that may lead to actual results differing materially from expectations.

Positive

• Successful election of all nominated directors enhances governance.
• Diverse portfolio emphasizes institutional-grade commercial assets.

Negative

• Forward-looking statements carry inherent risks and uncertainties.

TORONTO, ON / ACCESSWIRE / September 2, 2020 / 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 1, 2020.

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 and development 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.

In particular, forward-looking statements in this press release include, but are not limited to, statements concerning MGG's upcoming annual meeting of shareholders and the timing thereof, the approval of the Rights Plan, the operation of the Rights Plan in the event of certain circumstances, and the amendments to the General By-Law.

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.

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https://www.accesswire.com/604401/Mongolia-Growth-Group-Announces-AGM-Results

FAQ

What resolutions were passed at Mongolia Growth Group's AGM on September 1, 2020?

All resolutions were successfully passed at Mongolia Growth Group's Annual General Meeting held on September 1, 2020.

Who were elected as directors during Mongolia Growth Group's AGM?

Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman, and Robert Scott were elected as directors.

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

Mongolia Growth Group focuses on commercial real estate investment in Mongolia.

What risks are associated with forward-looking statements in Mongolia Growth Group's press release?

Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the company's expectations.

Where can I find more information about Mongolia Growth Group?

More information can be found on their official website at www.mongoliagrowthgroup.com.