Today: June 25, 2016, 11:20 pm
  
Business

Mongolia Growth Group Ltd. Announces Issuance of Employee Stock Options

PR-Inside.com: 2014-03-03 14:19:32
THUNDER BAY, Ontario, March 03, 2014 /FSC/ - Mongolia Growth Group Ltd. (YAK - TSX Venture"MGG" or the "Company") announces that 936,000 5-year stock options to purchase shares of MGG at a price of $1.90 per share have been issued to salaried employees of MGG and its wholly owned Mongolian subsidiary pursuant to the Company's stock option plan.

192,000 5-year stock options to purchase shares of MGG at a price of $1.90 per share have been issued to 4 Board members of MGG as part of their annual director compensation.

35,000 3-year consultant stock options have been issued to 1 consultant based in North America at a price of $1.90 per share.

These options have been issued in order to retain and motivate new and existing employees, consultants and directors of the Company. These option grants include the previously disclosed grant of 531,000 options to Paul Byrne, the Company's new Chief Executive Officer.

For further information on the Corporation, please visit www.mongoliagrowthgroup.com

or contact:

Genevieve Walkden

Gwalkden@mongoliagrowthgroup.com


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 and the insurance business in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate and insurance business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; claims against our insurance policies differing from our assumptions; reliance on key personnel; environmental matters; tenant and policyholder risks; risk of insurance fraud; 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 management's 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:
www.usetdas.com/pr/MongoliaOptionsMar32014.pdf



Source: Mongolia Growth Group Ltd. (TSXV - YAK)
Maximum News Dissemination by FSCwire. www.fscwire.com

Press Information


Published by
Fred Gautreau
14037173898
e-mail
www.fscwire.com



# 527 Words
Related Articles
 
More From Business
“There’s only one Magno™ Coated, one Magno™ [..]
The Premier Paper Group, the UK’s largest independent paper merchant, has recently launched a customer incentive promotion on [..]
Tulips from Amsterdam for the SKIDATA staff [..]
The Salzburg company SKIDATA racked up a double success in Amsterdam: the first reason to celebrate is the awarding of [..]
FlipBelt Launches Hydration Belt for Runners and [..]
DENVER, CO - RPR - 06/22/16 - FlipBelt announces new version of its wildly popular fitness belt to ensure customers [..]
Where to Book Your Driving Theory Book [..]
Book My Theory Test Online - Book My Theory Test in Jersey Are you located in Jersey and want to [..]
Ferns N Petals moves a step ahead [..]
The company started with a single store and has now come up with more than 200 stores. The online portal [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.