Mongolia Growth Grou (MNGGF) 0.3735 $MNGGF Mong
Post# of 273249
Posted On: 07/06/2016 1:14:03 AM
Mongolia Growth Grou (MNGGF) 0.3735 $MNGGF
Mongolia Growth Group Announces Annual Results
Filing Services Canada XHTML - Wed Apr 20, 8:49AM CDT
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. December 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Thu Jan 28, 7:44AM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. November 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Wed Dec 30, 6:44AM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. October 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Wed Dec 02, 9:28AM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Announces Continued Improvement in Performance Metrics and Third Quarter Results
Filing Services Canada XHTML - Fri Nov 27, 6:39PM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. September 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Thu Oct 29, 8:21AM CDT
YAK.VN: 0.500 (unch)
First JCB Card in Mongolia Introduced by State Bank of Mongolia
JCN Newswire - Tue Oct 06, 7:23AM CDT
JCB International Co, Ltd. ("JCBI"
, the international operations subsidiary of JCB, and State Bank, a government-run bank in Mongolia, are pleased to announce the start of issuing JCB debit cards to the people of Mongolia, who will be able to enjoy JCB's global merchant network with about 29 million acceptance locations. Mongolia is the 20th country where the JCB card is issued.
Mongolia Growth Group Ltd. August 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Thu Oct 01, 8:19AM CDT
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. July 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Tue Sep 08, 8:01AM CDT
YAK.VN: 0.500 (unch)
Mongolia Growth Group Announces Significant Improvement In Performance Metrics and Second Quarter Results
Filing Services Canada - Tue Aug 25, 8:42AM CDT
Mongolia Growth Group Announces Significant Improvement In Performance Metrics and Second Quarter Results Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces its financial results for the second quarter of 2015 and is pleased to report continued progress on improving operations and reducing costs as it targets positive Adjusted Funds From Operations (AFFO)*. Highlights for the quarter: Continued improvement in financial and operational performance reduced negative AFFO by 60.7% to CDN $206,685 compared to the second quarter of 2014 when negative AFFO was CDN $525,961. Reduced expenses excluding non-cash non-capitalized development expense by 38% compared to the second quarter of 2014, despite a sizable increase in expenses associated with the operating of Tuguldur Center Ended the quarter with a tangible Net Asset Value (NAV) per share of CDN $1.49 We have spent the first half of 2015 focused on restoring our operations and reducing costs, said Harris Kupperman, Chairman and CEO of MGG. "While the results of these initiatives have led to both reduced costs and a dramatic reduction in negative AFFO I believe that there is still room for improvement in future quarters as we experience fewer one-time expenses associated with our cost cutting initiatives along with the phasing out of various legacy contracts that will not be renewed. Now that we have gotten our house in order, our focus is on growing our revenues and ultimately becoming AFFO positive. I believe that there are many untapped opportunities to grow our business and we intend to embark on them in the second half of the year. Over the next quarter, MGG expects to realize milestones in a number of areas: At the corporate level, we anticipate that our overhead expenses will finally normalize following a complete restructuring of our operations to dramatically reduce costs and improve efficiencies At the property level, we are targeting a more stable tenant base with lower turn-over as we re-structure the tenant mix at Tuguldur and re-lease a number of current vacancies The rollout of various fee based initiatives In summary, we continue to successfully execute on our plan to restructure the company and become AFFO positive. A lot has been accomplished in a short time and we now have strong positive momentum on many fronts. Income Statement Selected Quarterly Financial Information (CAD) To view this table, please either click on the link below, or copy and paste the link into your browser: Funds From Operations (FFO) And Adjusted Funds From Operations (AFFO)* The analysis below shows a reconciliation of the Corporations net income to FFO and AFFO for the three months ended June 30, 2015 and June 30, 2014. To view this table, please either click on the link below, or copy and paste the link into your browser: Overall AFFO showed a dramatic improvement due to a 38% decline in expenses excluding share based payments, depreciation and non-capitalized development expenses. Throughout the quarter, the Company continued to recognize various expenses associated with its cost reduction program along with certain legacy expenses that are expected to be discontinued over the second half of 2015. Balance Sheet To view this table, please either click on the link below, or copy and paste the link into your browser: Portfolio Data The following table represents properties classified as Investment Properties, as of June 30, 2015: To view this table, please either click on the link below, or copy and paste the link into your browser: Liquidity and Capital Resources The Company ended the quarter with $859,919 of cash and cash equivalents and no debt. As of June 30th, the Company was marketing seven properties with a carrying value in excess of CDN $1 million. The Company has subsequently sold three of these properties for proceeds of approximately $305,000. * The Corporation also refers to Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO). FFO is not defined under IFRS. The Corporation calculates FFO in accordance with the Real Property Association of Canada ( REALpac ) White Paper on Funds from Operations issued April 2014. FFO is defined as net income (loss) and comprehensive income (loss) calculated in accordance with IFRS, excluding: (i) Unrealized change in fair value of investment properties (ii) depreciation and amortization of investment properties; (iii) gains (or losses) from sales of investment properties and equipment; (iv) tax on gains or losses of sale on investment properties (v) deferred income tax (expense) recovery; (vi) impairment/losses on all real estate assets (vii) Gains or losses on PPE properties (viii) share based payments. AFFO is not defined under IFRS and may not be comparable to AFFO used by other issuers. The Corporation has defined AFFO as FFO subject to certain adjustments, including: development expenses not capitalized, large one time expenses and other adjustments as determined by Management. For more information on the Companys financial results, please see the financial statements and supplementary property data filed on SEDAR. Or contact Genevieve Walkden at gwalkden@mongoliagrowthgroup.com (mailto:gwalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third-party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. ### Forward-looking Information and Statements Information and statements contained in this news release that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information and statements contained in this news release include information with respect to our intention to move forward into the construction of international standard properties in Mongolia. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and development of real property in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com. Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...252015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.500 (unch)
Mongolia Growth Group Receives Planning Approval for Next Phase of Tuguldur Center Development
Filing Services Canada - Tue Aug 04, 8:18AM CDT
Mongolia Growth Group Receives Planning Approval for Next Phase of Tuguldur Center Development Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces that it has received the official Planning Approval (known as Sketchbook Approval in Mongolia) in relation to the next phase of the Tuguldur Center Project from the Ulaanbaatar Masterplanning Authority. Receipt of this Planning Approval marks a significant milestone by ensuring the architectural viability of the project in relation to the planning and zoning landscape of Ulaanbaatar city as well as allowing the Company to move the project into its next phase known as the detailed design. Following approval of the Concept Design, the company has begun to finalize the development-related cost and timescale data as well as undertake a more detailed financial return analysis. Initial estimates show a very robust return created by adding approximately 13,000sqm (140,000sqft) of additional retail space to the existing Tuguldur property. Receipt of this planning approval together with approval of our concept design is a significant milestone towards our final vision of transforming Tuguldur Center into the preeminent retail and entertainment location in Ulaanbaatar, said Bayar Zorigt, Development Director of Mongolia Growth Group. To view the approved Concept Design, please go to the following link http://mongoliagrowthgroup.com/investors/inve...entations/ (http://mongoliagrowthgroup.com/investors/investor-presentations/) For more information about Mongolia Growth Group, please visit the Companys website at www.MongoliaGrowthGroup.com (http://www.MongoliaGrowthGroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third-party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. ### Forward-looking Information and Statements Information and statements contained in this news release that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information and statements contained in this news release include information with respect to our intention to move forward into the construction of international standard properties in Mongolia. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and development of real property in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com. Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...g42015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.500 (unch)
Mongolia Growth Group Announces Annual Results
Filing Services Canada XHTML - Wed Apr 20, 8:49AM CDT
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. December 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Thu Jan 28, 7:44AM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. November 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Wed Dec 30, 6:44AM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. October 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Wed Dec 02, 9:28AM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Announces Continued Improvement in Performance Metrics and Third Quarter Results
Filing Services Canada XHTML - Fri Nov 27, 6:39PM CST
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. September 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Thu Oct 29, 8:21AM CDT
YAK.VN: 0.500 (unch)
First JCB Card in Mongolia Introduced by State Bank of Mongolia
JCN Newswire - Tue Oct 06, 7:23AM CDT
JCB International Co, Ltd. ("JCBI"
, the international operations subsidiary of JCB, and State Bank, a government-run bank in Mongolia, are pleased to announce the start of issuing JCB debit cards to the people of Mongolia, who will be able to enjoy JCB's global merchant network with about 29 million acceptance locations. Mongolia is the 20th country where the JCB card is issued. Mongolia Growth Group Ltd. August 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Thu Oct 01, 8:19AM CDT
YAK.VN: 0.500 (unch)
Mongolia Growth Group Ltd. July 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Tue Sep 08, 8:01AM CDT
YAK.VN: 0.500 (unch)
Mongolia Growth Group Announces Significant Improvement In Performance Metrics and Second Quarter Results
Filing Services Canada - Tue Aug 25, 8:42AM CDT
Mongolia Growth Group Announces Significant Improvement In Performance Metrics and Second Quarter Results Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces its financial results for the second quarter of 2015 and is pleased to report continued progress on improving operations and reducing costs as it targets positive Adjusted Funds From Operations (AFFO)*. Highlights for the quarter: Continued improvement in financial and operational performance reduced negative AFFO by 60.7% to CDN $206,685 compared to the second quarter of 2014 when negative AFFO was CDN $525,961. Reduced expenses excluding non-cash non-capitalized development expense by 38% compared to the second quarter of 2014, despite a sizable increase in expenses associated with the operating of Tuguldur Center Ended the quarter with a tangible Net Asset Value (NAV) per share of CDN $1.49 We have spent the first half of 2015 focused on restoring our operations and reducing costs, said Harris Kupperman, Chairman and CEO of MGG. "While the results of these initiatives have led to both reduced costs and a dramatic reduction in negative AFFO I believe that there is still room for improvement in future quarters as we experience fewer one-time expenses associated with our cost cutting initiatives along with the phasing out of various legacy contracts that will not be renewed. Now that we have gotten our house in order, our focus is on growing our revenues and ultimately becoming AFFO positive. I believe that there are many untapped opportunities to grow our business and we intend to embark on them in the second half of the year. Over the next quarter, MGG expects to realize milestones in a number of areas: At the corporate level, we anticipate that our overhead expenses will finally normalize following a complete restructuring of our operations to dramatically reduce costs and improve efficiencies At the property level, we are targeting a more stable tenant base with lower turn-over as we re-structure the tenant mix at Tuguldur and re-lease a number of current vacancies The rollout of various fee based initiatives In summary, we continue to successfully execute on our plan to restructure the company and become AFFO positive. A lot has been accomplished in a short time and we now have strong positive momentum on many fronts. Income Statement Selected Quarterly Financial Information (CAD) To view this table, please either click on the link below, or copy and paste the link into your browser: Funds From Operations (FFO) And Adjusted Funds From Operations (AFFO)* The analysis below shows a reconciliation of the Corporations net income to FFO and AFFO for the three months ended June 30, 2015 and June 30, 2014. To view this table, please either click on the link below, or copy and paste the link into your browser: Overall AFFO showed a dramatic improvement due to a 38% decline in expenses excluding share based payments, depreciation and non-capitalized development expenses. Throughout the quarter, the Company continued to recognize various expenses associated with its cost reduction program along with certain legacy expenses that are expected to be discontinued over the second half of 2015. Balance Sheet To view this table, please either click on the link below, or copy and paste the link into your browser: Portfolio Data The following table represents properties classified as Investment Properties, as of June 30, 2015: To view this table, please either click on the link below, or copy and paste the link into your browser: Liquidity and Capital Resources The Company ended the quarter with $859,919 of cash and cash equivalents and no debt. As of June 30th, the Company was marketing seven properties with a carrying value in excess of CDN $1 million. The Company has subsequently sold three of these properties for proceeds of approximately $305,000. * The Corporation also refers to Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO). FFO is not defined under IFRS. The Corporation calculates FFO in accordance with the Real Property Association of Canada ( REALpac ) White Paper on Funds from Operations issued April 2014. FFO is defined as net income (loss) and comprehensive income (loss) calculated in accordance with IFRS, excluding: (i) Unrealized change in fair value of investment properties (ii) depreciation and amortization of investment properties; (iii) gains (or losses) from sales of investment properties and equipment; (iv) tax on gains or losses of sale on investment properties (v) deferred income tax (expense) recovery; (vi) impairment/losses on all real estate assets (vii) Gains or losses on PPE properties (viii) share based payments. AFFO is not defined under IFRS and may not be comparable to AFFO used by other issuers. The Corporation has defined AFFO as FFO subject to certain adjustments, including: development expenses not capitalized, large one time expenses and other adjustments as determined by Management. For more information on the Companys financial results, please see the financial statements and supplementary property data filed on SEDAR. Or contact Genevieve Walkden at gwalkden@mongoliagrowthgroup.com (mailto:gwalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third-party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. ### Forward-looking Information and Statements Information and statements contained in this news release that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information and statements contained in this news release include information with respect to our intention to move forward into the construction of international standard properties in Mongolia. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and development of real property in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com. Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...252015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.500 (unch)
Mongolia Growth Group Receives Planning Approval for Next Phase of Tuguldur Center Development
Filing Services Canada - Tue Aug 04, 8:18AM CDT
Mongolia Growth Group Receives Planning Approval for Next Phase of Tuguldur Center Development Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces that it has received the official Planning Approval (known as Sketchbook Approval in Mongolia) in relation to the next phase of the Tuguldur Center Project from the Ulaanbaatar Masterplanning Authority. Receipt of this Planning Approval marks a significant milestone by ensuring the architectural viability of the project in relation to the planning and zoning landscape of Ulaanbaatar city as well as allowing the Company to move the project into its next phase known as the detailed design. Following approval of the Concept Design, the company has begun to finalize the development-related cost and timescale data as well as undertake a more detailed financial return analysis. Initial estimates show a very robust return created by adding approximately 13,000sqm (140,000sqft) of additional retail space to the existing Tuguldur property. Receipt of this planning approval together with approval of our concept design is a significant milestone towards our final vision of transforming Tuguldur Center into the preeminent retail and entertainment location in Ulaanbaatar, said Bayar Zorigt, Development Director of Mongolia Growth Group. To view the approved Concept Design, please go to the following link http://mongoliagrowthgroup.com/investors/inve...entations/ (http://mongoliagrowthgroup.com/investors/investor-presentations/) For more information about Mongolia Growth Group, please visit the Companys website at www.MongoliaGrowthGroup.com (http://www.MongoliaGrowthGroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third-party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. ### Forward-looking Information and Statements Information and statements contained in this news release that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information and statements contained in this news release include information with respect to our intention to move forward into the construction of international standard properties in Mongolia. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and development of real property in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com. Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...g42015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.500 (unch)
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