Yorkton Equity Group Acquires Lui International Group

Yorkton Equity Group Inc. finalized the acquisition of all outstanding Class A common shares of Lui International Group Inc., which operates as Yorkton Management. The transaction was approved by the TSX Venture Exchange and involved the issuance of 8,340,485 common shares at a deemed price of $0.10 per share.

After final closing adjustments, the total purchase price reached $834,048.59. Ben Lui, who serves as the CEO, director, and majority shareholder of Yorkton Equity Group, received 4,253,647 of the issued shares. Due to this position, the deal was classified as a related party transaction under Multilateral Instrument 61-101.

The acquisition was exempt from formal valuation and minority shareholder approval because the consideration did not exceed 25% of the company's market capitalization. Following the closing, Ben Lui directly or indirectly owns 86,765,492 common shares, representing 73.26% of the company's issued and outstanding shares.