Mongolia Growth Group Renews Share Purchase Program

Mongolia Growth Group Ltd. announced the renewal of its normal course issuer bid, approved by the TSX Venture Exchange. The company plans to buy back up to 1,700,000 shares, about 6.64% of its outstanding shares, over the next year. This decision follows the belief of the board that share prices may not fully reflect the company's value and growth potential.

The bid will run from April 1, 2025, to March 31, 2026. Research Capital Corporation has been appointed to conduct the purchases on the open market. The company may sell investment properties to fund these purchases, subject to market conditions.

From April 2024 to March 2025, Mongolia Growth Group repurchased 510,000 shares at an average of $1.37 each. The renewed bid aims to enhance market stability and align share prices with the company's intrinsic value.