|Bid||0.1950 x 0|
|Ask||0.2300 x 0|
|Day's Range||0.1950 - 0.2100|
|52 Week Range||0.0500 - 0.2500|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 Corporation’s Stock Option Plan. A total of 2,400,000 Options to purchase common share of the Corporation (“Common Shares”) were granted to directors and members of senior management of the Corporation at an exercise price of $0.21 per Common Share. 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 Corporation’s Stock Option Plan, representing 3.8% of issued and outstanding shares of the Corporation.About Komet 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. It has put its African assets for sale and is now focused on exploration and development of gold and base metal properties in Eastern Canada. The Corporation’s name change to “Brunswick Exploration Inc.” was approved at the annual meeting of shareholders on September 15, 2020, and a new trading symbol for Brunswick Exploration Inc. will be announced as soon as approval from the TSX Venture Exchange is received.Investor Relations/information: Mr. Robert Wares, Chairman and interim President (firstname.lastname@example.org).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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. Closing of the current previously announced financing is expected to occur at month’s end, which will allow the company to launch its new exploration programs in New Brunswick and Quebec.” Results from shareholders' votes are as follows: Election of Directors The following persons were nominated as directors of the Corporation; the detailed voting results are as follows: NomineesVotes For% ForWithheld% Withheld Pierre Colas42,962,21599.955%19,500 0.045% Jeff Hussey42,962,21599.955%19,500 0.045% André Le Bel42,962,21599.955%19,500 0.045% Amy Satov42,962,21599.955%19,500 0.045% Mathieu Savard42,962,21599.955%19,500 0.045% Robert Wares42,962,21599.955%19,500 0.045% Appointment of Auditors Raymond Chabot Grant Thornton LLP, professional chartered accountants, were appointed as auditors of the Corporation for the current year: Votes For% ForWithheld% Withheld 43,077,271100% 0 0% Name ChangeThe special resolution to authorize an amendment to the Articles of the Corporation changing the name of the Corporation from “Les Ressources Komet inc. / Komet Resources Inc.” to “Brunswick Exploration Inc.” was approved as follows:Votes For% of Votes ForVotes Against% of Votes Against 42,799,71599.577%182,0000.423% Change of Head OfficeThe special resolution to authorize an amendment to the Articles of the Corporation changing the head office of the Corporation to the district of Montréal was approved as follows:Votes For% of Votes ForVotes Against% of Votes Against 42,799,71599.577%182,0000.423% Investor Relations/information: Mr. Robert Wares, Chairman and interim President (email@example.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
MONTREAL, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (“Komet” or the “Corporation”) (TSX-V : KMT) is pleased to announce non-brokered private placements of up to $3.33 million, consisting of (i) 12,500,000 units of the Corporation (each, a "Unit") at a price of $0.13 per Unit, for gross proceeds of up to $1.63 million and (ii) 10,000,000 flow-through shares of the Corporation (the “FT Shares”), at a price of $0.17 per FT Share, for gross proceeds of up to $1.7 million (collectively, the "Offerings"). Each Unit will consist of one common share of the Corporation (each, a "Common Share") and one-half of one common share purchase warrant of the Corporation (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.20 for a 24-month period following the closing date of the Offerings.The net proceeds from the Offerings will be used for the exploration of newly acquired Québec properties ($1.7 million), as well as general corporate purposes ($1.63 million).The Offerings are available to accredited investors and existing shareholders of the Corporation, subject to certain limitations outlined below, to ensure all shareholders may have the opportunity to participate.The Offerings are expected to close on or about September 30, 2020 or such other date as the Corporation may determine. The Offerings are conditional upon receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offerings will have a hold period of four months and one day from the closing date of the Offerings, in accordance with applicable securities laws.The following "insiders" of the Corporation intend to subscribe for the following securities:InsiderCategoryNumber of SecuritiesSubscription Amount Robert Wares10% Security Holder; Chairman and Interim President3,700,000 Units$481,000 Robert Wares10% Security Holder; Chairman and Interim President3,000,000 (FT)$510,000 Pierre ColasDirector250,000 (FT)$42,500 Mathieu SavardDirector100,000 (FT)$17,000 Etienne CourchesneCFO35,000 (FT)$5,950 The subscription by insiders, pursuant to the Offerings, is considered to be a related party transaction subject to Multilateral Instrument 61-101 (“MI 61-101”). The Corporation intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offerings by insiders will not exceed 25% of the fair market value of the Corporation's market capitalization.Additional information for existing shareholders relying on the Existing Shareholder ExemptionShareholders of record of the Corporation as at September 1, 2020 (the “Record Date”), who are not accredited investors, are eligible to participate in the Offerings under the “Existing Shareholder Exemption”, available under Canadian securities laws. The Existing Shareholder Exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period from the date of closing of the Offerings, unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. Any person who becomes a shareholder of the Corporation after the Record Date is not permitted to participate in the Offering using the Existing Shareholder Exemption, however other exemptions may still be available to them. Non-Accredited shareholders who became shareholders after the Record Date should consult their professional advisors when completing their subscription form to ensure that they use the correct exemption. The Corporation confirms there is no material fact or material change relating to the Corporation that has not been generally disclosed.The Offerings are subject to a minimum subscription of $2,000 per subscriber. Subscriptions received from existing shareholders relying on this exemption will be treated on a first come first serve basis. In the event of an oversubscription to the Offerings, the Corporation may seek TSX-V approval for such oversubscription or may allocate Units or FT Shares on a pro-rata basis amongst all subscribers qualifying under all available exemptions.Any investor or existing shareholders should contact the Corporation no later than September 15, 2020 if they have any questions or have an interest in participating in the Offerings.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.About Komet Komet is a Montreal-based mineral exploration company listed on the TSX-V under symbol KMT and is now focused on exploration and development of gold and base metal properties in Eastern Canada. Komet is active in New Brunswick where it is exploring in the prolific Bathurst Mining Camp and the Company is advancing several greenfield exploration opportunities in Quebec.Investor Relations/information: Mr. Robert Wares, Chairman and interim President (firstname.lastname@example.org).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releaseCautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.