Mr. Ben Lui reports
YORKTON EQUITY GROUP INC. ANNOUNCES AMENDMENT TO TERMS OF SHARE PURCHASE AGREEMENT PREVIOUSLY ANNOUNCED ON JULY 2, 2026
Further to the press release dated July 2, 2026, Yorkton Equity Group Inc. intends to amend the share purchase agreement dated July 1, 2026, made between the company, Lui International Group Inc., operating as Yorkton Management, Ben Lui, the chief executive officer, director and majority shareholder of the company, and a close family member, whereby the company will acquire 100 per cent of the issued and outstanding Class A common shares of YM.
Under the amended terms, the deemed consideration share price will decrease from 15 cents per common share of the company to 10 cents per common share as a result of the current market conditions. The reduction in share price will cause an increase to the number of common shares to be issued from 4,666,666 common shares to seven million common shares, subject to postclosing adjustments to be determined in accordance with the share purchase agreement. All other terms and conditions of the share purchase agreement will remain in force and effect without amendment. The amendment was approved by the board of directors (with Mr. Lui abstaining) and remains subject to the acceptance of the TSX Venture Exchange.
About Yorkton Equity Group Inc.
Yorkton Equity is a growth-oriented real estate investment company committed to providing shareholders with growing assets through accretive acquisitions, organic growth and the active management of multifamily rental properties with significant upside potential. Its current geographical focus is in Alberta and British Columbia with diversified and growing economies, and strong population in-migration. Its business objectives are to achieve growing net operating income and asset values in its multifamily rental property portfolio in strategic markets across Western Canada.
The management team at Yorkton Equity has well over 35 years of prior real estate experience in acquiring and managing rental assets.
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