Mighty Kingdom Limited (ASX:MKL) ("Mighty Kingdom" or "the Company"), wishes to advise of the receipt of several unsolicited enquiries from corporate and other entities expressing interest in the Company. In response to this interest, the Board of Mighty Kingdom has decided to undertake a strategic review process of the Company with the view of maximising shareholder value. As part of this review process, Mighty Kingdom is considering all
options with respect to its business including but not limited to, a whole or partial divestment, joint venture arrangement or a strategic investment into the Company to further growth and development. The Company has appointed Cerberus Advisory and Motus Legal as financial and legal advisers respectively to assist in facilitating the review process and provide recommendations to the Board, which will include the expressions of interest Mighty Kingdom has received to date. The Company has not made a decision at this stage with respect to terms and deal structure that it is prepared to consider and therefore makes no assurances that a transaction will eventuate. Mighty Kingdom cautions shareholders not to make any investment decisions about the Company's shares on the assumption that a transaction will proceed and further market updates will be provided following any material developments arising as a result of the review process.