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Mongolia Growth Group Ltd. Closes Previously Announced Private Placement as New CEO Purchases Shares

Posted on 04/01/14 in Press Releases

Mongolia Growth Group Ltd. (“MGG”) or (“the Company”) is pleased to announce that on March 31, 2014, the Company closed the non-brokered private placement which was previously announced on March 3, 2014 (“the Offering”). The Company issued 125,000 common shares in the capital of the Company (“Common Shares”) at a price of CDN $2.00 per Common Share for aggregate proceeds of CDN $250,000. All of the Common Shares issued under the Offering were purchased by the Company’s newly appointed Chief Executive Officer, Paul Byrne.


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