Business
Mongolia Growth Group Announces Voting Results of Its Annual and Special Meeting of Shareholders
TORONTO, ON / ACCESS Newswire / October 8, 2025 / Mongolia Growth Group Ltd. (TSXV:YAK) ("MG...
About this update from Mongolia Growth Group Ltd.
[{"type":"text","content":"Mongolia Growth Group Announces Voting Results of Its Annual and Special Meeting of ShareholdersTORONTO, ON / ACCESS Newswire / October 8, 2025 / Mongolia Growth Group Ltd. (TSXV:YAK) (\"MGG\" or the \"Company\") announces today the voting results from its annual general and special meeting of shareholders held on October 7, 2025 (the \"Meeting\"). A total of 14,550,463 common shares of the Company, representing 57.15% of the issued and outstanding common shares of the Company, were voted in connection with the Meeting by shareholders and proxy holders. All of the matters put forward before the Company's shareholders for consideration and approval, as set out in the Company's information circular dated August 27, 2025, were approved by the requisite majority of the votes cast at the Meeting. In particular, at the Meeting, shareholders approved fixing the number of directors at five, electing Harris Kupperman, Nick Cousyn, Jim Dwyer, Brad Farquhar and Robert Scott as the directors of the Company for the ensuing year and appointing Davidson & Company LLP as auditors of the Company for the ensuing year at such remuneration as may be fixed by the board of directors. In addition to the foregoing, at the Meeting, shareholders (99.1% of shareholders in favor) also approved the sale of the Company's KEDM business to an arm's length purchaser and shareholders (99.1% of all shareholders in favor as well as 98.1% of shareholders in favor after excluding the votes of any \"non-arm's length\" shareholders as required by the rules of the TSX Venture Exchange (the \"TSXV\")) approved the sale of the Company's office property in Rincon, Puerto, Rico to Lemontree LLC, an entity owned by Harris Kupperman, the Company's Chairman, President and Chief Executive Officer.The Company currently expects closing of the KEDM and office sale transactions to occur on or about October 31, 2025. Upon completion of such transactions, the Company expects the listing of the Company's common shares will be transferred to the NEX Board of the TSXV. The Company expects to provide further information on such transfer in connection with announcing the closing of the transactions.For further information please contact:Genevieve WalkdenCorporate Secretary & Chief Financial OfficerEmail: [email protected]: (877) 644-1186Forward-Looking Informa...