Business
Mongolia Growth Group Ltd. Cancels Private Placement Offering
Mongolia Growth Group Ltd. Cancels Private Placement Offering Ulaanbaatar, MONGOLIA, Septemb...
About this update from Mongolia Growth Group Ltd.
[{"type":"text","content":"Mongolia Growth Group Ltd. Cancels Private Placement OfferingMongolia Growth Group Ltd. Cancels Private Placement Offering\nUlaanbaatar, MONGOLIA, September 16, 2013 /FSC/ - Mongolia Growth Group Ltd. (YAK - TSX Venture), (\"MGG\") or (\"The Company\") today announces that it is withdrawing its previously announced offering (\"Offering\") of units (\"Units\"). \nDue to unsettled market conditions, the company has opted to cancel its current capital raise. The Company ended the second quarter with $5.7 million in unrestricted cash and has no substantial capital outlays planned.  \nFor further information on the Corporation, please visit www.mongoliagrowthgroup.com\n  \nor contact:\nJordan Calonego\[email protected] \nCautionary Statements\nThis news release contains statements that, to the extent that they are not historical fact, may constitute \"forward-looking information\" within the meaning of applicable securities legislation.  Wherever possible, words such as \"may\", ''would\", \"could\", \"should\", \"will\", \"anticipate\", \"believe\", \"plan\", \"expect\", \"intend\", \"estimate\", \"aim\", \"endeavour\" and similar expressions have been used to identify these forward-looking statements. These statements reflect Management's current beliefs based on its experience and expertise with respect to future events and are based on information currently available to Management. Management uses forward-looking statements because it believes they provide useful information with respect to the Corporation, and cautions readers that the information may not be appropriate for other purposes and should not be read as guarantees of future performance or results. In particular, this presentation contains forward-looking statements pertaining to the following: the completion and timing of the Offering; the use of proceeds of the Offering; the listing of the Warrants on the Exchange; the receipt of regulatory and Exchange approval of the Offering; the payment of a commission to finders; and insider participation in the Offering. \nAlthough the Corporation believes that the expectations reflected by the forward-looking statements in this release, these forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptio...