Yorkton Equity Group Inc. Announces Acquisition of Property Management Company from Related Parties

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Yorkton Equity Group Inc. Announces Acquisition of Property Management Company from Related PartiesEdmonton, Alberta--(Newsfile Corp. - July 2, 2026) - Yorkton Equity Group Inc. (TSXV: YEG) ("Yorkton" or the "Company") is pleased to announce it has entered into a share purchase agreement dated July 1, 2026, to acquire 100% of the issued and outstanding Class "A" common shares (the "YM Shares") of Lui International Group Inc., operating as Yorkton Management, ("YM") from Mr. Ben Lui, the CEO, director and majority shareholder of the Company, and a close family member (collectively, the "Vendors"). The Company expects to issue to the Vendors approximately 4,666,666 common shares of the Company ("Common Shares") at a deemed price of $0.15 per Common Share, representing expected total consideration of approximately $700,000, subject to post-closing adjustments to be determined in accordance with the share purchase agreement and to be settled on or before December 31, 2026 (the "Transaction"). Following the Transaction, it is expected that Mr. Ben Lui will hold approximately 72.37% of the Company's outstanding Common Shares on a non-diluted basis. The closing price of the Company's Common Shares on June 30, 2026 was $0.15 per Common Share. No finder's fees were paid in connection with the Transaction. YM currently provides property management services primarily to the Company's investment properties located in Edmonton, Alberta. The purpose of the Transaction is to vertically integrate these services within the Company's operations, providing more direct control over property management and allowing the Company to retain any profits generated by these services. The Transaction is also expected to support more efficient property management as the Company expands its multi-family rental property portfolio.Closing of the Transaction is subject to the satisfaction of customary closing conditions, including receipt of all applicable regulatory approvals and acceptance by the TSX Venture Exchange.Bill Smith, Chairman of the Board of Directors of Yorkton stated, "We believe this acquisition is an important step in Yorkton's strategy to fully integrate key operational functions and strengthen control over our multi-family portfolio. By bringing property management in-house, the Company expects to increase its net profit, enhance operational efficiency and support the ...

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