Funds used to buy leasable real estate, take advantage of investments
By Devika Patel
Knoxville, Tenn., May 30 - Mongolia Growth Group Ltd. said it plans a C$5 million non-brokered private placement of stock.
The company will sell common shares at C$3.90 apiece on a commercially reasonable efforts basis. The price per share is identical to the May 29 closing share price.
Settlement is expected June 22.
Proceeds will be used to purchase leasable real estate, to take advantage of investment opportunities and for general corporate purposes.
The Calgary, Alta., company explores for copper and gold.
| Issuer: | Mongolia Growth Group Ltd.
|
| Issue: | Common stock
|
| Amount: | C$5 million
|
| Price: | C$3.90
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | May 30
|
| Settlement date: | June 22
|
| Stock symbol: | CNSX: YAK
|
| Stock price: | C$3.90 at close May 29
|
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