Edmonton, Alberta – TheNewswire – November 4th, 2021 – Yorkton Equity Group Inc. (“YEG” or the “Company”) (TSXV:YEG) is pleased to announce that the Company has entered into purchase contracts dated August 27, 2021 and September 29, 2021, subject to standard terms and conditions, with respect to the acquisition of several multi-family rental properties in the vibrant interior and northern regions of British Columbia (B.C.)

The Company has completed extensive market research on these regions, and its property acquisition team has embarked recently on two scouting trips to identify new acquisition opportunities. The Company is currently conducting thorough due diligence on these properties located in the rapidly growing cities of Fort St. John and Penticton, B.C.

Ben Lui, President and CEO of Yorkton remarked “Further to our successful closing of our acquisitions in Kelowna and Langford (Victoria) B.C. this summer, we are continuing acquisitions consistent with our secure, aggressive growth business model. With the strong belief in the growing economies in the interior and northern B.C. regions, we feel that these properties that we have identified will complement our current portfolio with strong cash flows and upside growth potential, as we expect to deliver positive financial results to our shareholders.”

Fort St. John is the second-largest city in northern B.C. and has a diversified economy with oil and gas, forestry, agriculture, manufacturing, mining operation and boasts the highest average household income in B.C. It is also one of the fastest growing cities in B.C. with abundant employment opportunities.

Fort St. John is the hub for natural gas extraction in northern B.C., which has one of the largest reserves of natural gas in the world and is the principal long-term beneficiary of the $40 billion LNG Canada liquefied natural gas (LNG) project. It is also the major staging area for the TransCanada’s Coastal GasLink (CGL) pipeline that will be run 670 kilometres from the northern gas fields to the LNG Canada terminal at Kitimat for LNG shipment to Asian markets.

Penticton B.C. is a vibrant waterfront city and is the business hub of the Okanagan-Similkameen region with more than 3,000 businesses serving 100,000 people throughout the region. Known for world-class wineries, agriculture, hospitality and increasingly, a hub for tech entrepreneurs. Its resilient business economy includes a solid foundation of mature, multi-generational businesses as well as start-ups and newly relocated companies.

The Company will provide further press releases related to the purchase contracts as they become unconditional and subsequent to the closings.

About Yorkton

Yorkton Equity Group Inc. is a fully integrated, growth-oriented real estate investment company committed to providing shareholders with growing assets, and stable income through the accretive acquisitions, organic growth, and the active management of multi-family rental properties with significant upside potential. Our geographical focus is in primary and secondary markets across Canada with diversified, growing economies, and strong population in-migration, with an initial focus in British Columbia. Our business objectives are to achieve stable Net Operating Income (NOI) and growing Net Asset Value (NAV) in our multi-family rental property portfolio by deploying a risk averse business model to create the ultimate value proposition for our shareholders. Yorkton Equity Group Inc. is built on the solid foundations of the Yorkton Group of companies with strong financial capacity, and well over 30 years of real estate experience.

Further information about Yorkton is available on the Company’s website at www.yorktonequitygroup.com and the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information on Yorkton, please contact:

Ben Lui, CEO – Corporate Office: (780) 409-8228

Yorkton Equity Group Inc. – Investor Relations: (780) 907-5263

Email: [email protected]

Forward-looking information

This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of Yorkton. Forward-looking information is based on certain key expectations and assumptions made by the management of Yorkton. Although Yorkton believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Yorkton can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Yorkton disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirement

  

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