on Mongolia Growth Group Ltd. (CVE:YAK)
Mongolia Growth Group Completes Arrangement and Implements Leadership Changes
Mongolia Growth Group Ltd. (MGG) has concluded its previously announced plan of arrangement as governed by the Business Corporations Act of Alberta. Shareholders will receive $1.28 for each common share owned, approved during a special meeting on May 14, 2026.
Each common share has been exchanged for a new common share and a redeemable preferred share, with the latter immediately redeemed for $1.28. These new common shares will begin trading on the NEX board shortly. Shareholders with brokerage accounts will automatically receive payment. Registered shareholders need to mail a letter of transmittal to obtain their consideration.
Post-arrangement, MGG retains $1.4 million and explores new business avenues. Leadership changes include Harris Kupperman stepping down as CEO, succeeded by Genevieve Walkden, while retaining his role as Executive Chairman.
R. E.
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