NewsArticle: "Thunder Bay, Canada, August 12, 2013 /FSC/ - Mongolia Growth Group Ltd. (YAK - TSX Venture),("MGG" or the "Corporation")is pleased to announce a non-brokered private placement offering of up to 3,076,923 units of the Corporation ("Units") at a purchase price of $3.25 per Unit on a best efforts basis, for gross proceeds of up to $10,000,000 (the "Offering"). Each Unit shall consist of one common share in the capital of the Corporation ("Common Share") and one half of one Common Share purchase warrant of the Corporation ("Warrant").
The closing of the Offering is expected to occur on or about September 13, 2013 (the "Closing Date") and is subject to the completion of formal documentation and receipt of regulatory approval, including the conditional approval of the TSX Venture Exchange Inc. (the "Exchange"). "
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