KOMET RESOURCES INC.

Komet Announces Grant of 2,400,000 Options

Retrieved on: 
Tuesday, September 22, 2020
Private law, Inheritance, Labour law, Property law, Vesting, Law, TSX Venture Exchange, Option, Toronto Stock Exchange, Economy of Canada

MONTREAL, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) is pleased to announce that it has granted options (Options) under the Corporations Stock Option Plan.

Key Points: 
  • MONTREAL, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) is pleased to announce that it has granted options (Options) under the Corporations Stock Option Plan.
  • The Options will vest in equal quarters on each anniversary of this grant in the first four years and are exercisable at any time following vesting for a five-year period expiring on September 22, 2025.
  • As of today, a total of 3,600,000 Options have been granted pursuant to the Corporations Stock Option Plan, representing 3.8% of issued and outstanding shares of the Corporation.
  • Komet is a Montreal-based mineral exploration corporation listed on the TSX-V under symbol KMT and was previously active in gold exploration and mining in West Africa.

Komet Announces Results From Annual Shareholders’ Meeting

Retrieved on: 
Thursday, September 17, 2020
Economy of Alberta, TSX Venture Exchange, Toronto Stock Exchange, Shareholder, Komet, Economy of Canada, Economy, Finance

MONTREAL, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) is pleased to announce the results of its annual meeting of shareholders held on September 15, 2020.

Key Points: 
  • MONTREAL, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) is pleased to announce the results of its annual meeting of shareholders held on September 15, 2020.
  • Mr. Robert Wares, Chairman and interim President of Komet, commented: The Corporation obtained outstanding shareholder support for all tabled items, including name change to Brunswick Exploration, and we are very happy to welcome Ms. Amy Satov and Mr. Jeff Hussey to the Board of Directors.
  • A new trading symbol for Brunswick Exploration will be announced as soon as approval from the TSX Venture Exchange is received.
  • Results from shareholders' votes are as follows:
    The following persons were nominated as directors of the Corporation; the detailed voting results are as follows:

Komet Resources Options Brunswick Belt Property From Osisko Metals

Retrieved on: 
Monday, August 17, 2020
Komet

MONTREAL, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet) (TSX-V: KMT, OTCQX: KMMTF, FRANKFURT: 1XQ) and Osisko Metals Incorporated (Osisko Metals) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) are pleased to announce that they have entered into an Option Agreement (the Option) whereby Komet can acquire a majority interest in Osisko Metals Brunswick Belt exploration property (the Property), located in the eastern portion of the Bathurst Mining Camp in the Bathurst area in New Brunswick (the Transaction).

Key Points: 
  • MONTREAL, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet) (TSX-V: KMT, OTCQX: KMMTF, FRANKFURT: 1XQ) and Osisko Metals Incorporated (Osisko Metals) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) are pleased to announce that they have entered into an Option Agreement (the Option) whereby Komet can acquire a majority interest in Osisko Metals Brunswick Belt exploration property (the Property), located in the eastern portion of the Bathurst Mining Camp in the Bathurst area in New Brunswick (the Transaction).
  • The Property covers 72 kilometres of the prolific Brunswick Belt and includes the Key Anacon and Gilmour South base metal deposits.
  • Jeff Hussey, President and COO of Osisko Metals, added: With the release of our robust PEA at Pine Point, we are happy to partner with Komet on the Brunswick Belt.
  • Once any one of the three earn-in requirements are met (as per Komets discretion), a joint venture can be formed between Komet and Osisko Metals.

Komet Announces Shares for Debt Transaction

Retrieved on: 
Thursday, July 9, 2020
Finance, Money, Economy, Stock market, Financial law, Equity securities, Credit, Share, Debt, Market capitalization, Security

MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) announces today that its board of directors has approved the settlement of $2,556,718of debts through the issuance of common shares of the Corporation (the "Debt Settlement").

Key Points: 
  • MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) announces today that its board of directors has approved the settlement of $2,556,718of debts through the issuance of common shares of the Corporation (the "Debt Settlement").
  • The creditor eligible to receive common shares as part of the shares for debt transaction is considered a related party of the Corporation within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101).
  • The shares for debt transaction is exempt from the valuation requirement and the minority approval requirement prescribed in MI 61-101 based on the fact that the fair market value of the related party participation in the shares for debt transaction does not exceed 25% of the Corporations market capitalization.
  • Shares issued as part of the shares for debt transaction will be subject to a statutory four-month hold period until November 10, 2020.

Komet Announces Closing of Previously Announced Transaction Regarding the Sale of the Dabia Sud Property in Mali

Retrieved on: 
Friday, July 3, 2020
Rail transport, Named passenger trains, Transaction processing, Communication, Forward-looking statement, Database transaction, Komet, Passenger rail transport

RosCan shares issued in the transaction are subject to a voluntary hold period for 6 months after the Closing Date.

Key Points: 
  • RosCan shares issued in the transaction are subject to a voluntary hold period for 6 months after the Closing Date.
  • This press release contains statements that may constitute forward-looking information or forward-looking statements as set out within the context of security law.
  • The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information.
  • There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet.

Komet Provides Update on Filing of Q1 2020 Financial Disclosure and Announces Delayed Holding of AGM

Retrieved on: 
Monday, June 29, 2020
German auxiliary cruiser Komet, Ships

MONTREAL, June 29, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) provides an update with respect to filing of its interim financial statements and related MD&A for the three months endedMarch 31, 2020(the "Required Q1 Filings").

Key Points: 
  • MONTREAL, June 29, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) provides an update with respect to filing of its interim financial statements and related MD&A for the three months endedMarch 31, 2020(the "Required Q1 Filings").
  • The Corporation is providing this update in accordance with Decision No 2020-PDG-0023of the Autorit des marchs financiers (Qubec) (the "Exemption").
  • The Corporation intends to make the Required Q1 Filings on or prior to July 14, 2020.
  • Since June 12, 2020, when the Corporation filed its financial statements and MD&A for the year ended December 31, 2019, there has been no material business development for the Corporation.

Komet announces the postponement of filing its annual financial statements and MD&A for the year 2019, due to COVID-19 related-delays

Retrieved on: 
Friday, May 1, 2020
Rail transport, Named passenger trains, Economy of Canada, System for Electronic Document Analysis and Retrieval, Komet, Passenger rail transport, Sedar, Financial statement

MONTREAL, May 01, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSXV: KMT) has postponed filing its annual financial statements and management's discussion and analysis for the year ended December 31, 2019 (collectively the 2019 annual documents), due to logistics and delays caused by the COVID-19 pandemic.

Key Points: 
  • MONTREAL, May 01, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSXV: KMT) has postponed filing its annual financial statements and management's discussion and analysis for the year ended December 31, 2019 (collectively the 2019 annual documents), due to logistics and delays caused by the COVID-19 pandemic.
  • Komet is relying on Decision No 2020-PDG-0023of the Autorit des marchs financiers (Qubec) that allows it to delay the filing of its annual documents required by National Instrument 51-102 by April 29, 2020.
  • Komet estimates that its 2019 annual documents will be available for filing at its earliest opportunity, which is expected to occur in mid-June 2020.
  • There have been no material business developments since the date of the last interim financial statements, filed on November 29, 2019, a copy of which is available on SEDAR at www.sedar.com .

Komet announces resignation of a Director

Retrieved on: 
Monday, November 25, 2019
Political parties, Rail transport, Named passenger trains, Komet, Kuomintang

(Komet or theCompany; TSX V : KMT) announces that Mr. Andr Gagn has resigned from the Board of Directors of the Company.

Key Points: 
  • (Komet or theCompany; TSX V : KMT) announces that Mr. Andr Gagn has resigned from the Board of Directors of the Company.
  • This is the result of the Companys decision to sell its assets in West Africa and henceforth focus its exploration efforts in Eastern Canada.
  • Mr. Gagn will remain special consultant to the Company until all sales of African assets are closed.
  • The Board of Komet would like to thank Mr. Gagn for his contributions to the Company during his tenure as President and Director.

Komet Announces Corporate Update

Retrieved on: 
Friday, September 6, 2019
Van Osta, Komet, Claessens, Osta

MONTRAL, Sept. 06, 2019 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) announces the resignation of Mr. Lucas Werner Claessens as President and Director of the Corporation as well as the resignation of Mr. Pascal Van Osta as Vice-President Exploration of the Corporation, as a result of managements decision to sell Komets African assets.

Key Points: 
  • MONTRAL, Sept. 06, 2019 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) announces the resignation of Mr. Lucas Werner Claessens as President and Director of the Corporation as well as the resignation of Mr. Pascal Van Osta as Vice-President Exploration of the Corporation, as a result of managements decision to sell Komets African assets.
  • Both Mr. Claessens and Van Osta will remain as special consultants for the Corporation until the closing of all transactions in West Africa.
  • The board of the Corporation extends a warm thank you to Mr. Claessens and Mr. Van Osta for their respective contribution during their tenure.
  • The Corporation also announces that, in order to more effectively manage its operations, it has moved its Qubec City head office location to 1100 av.