GlobeNewswire

Komet - Closing of the Second Tranche of a Private Placement

Del

QUÉBEC CITY, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Komet Resources Inc. ("Komet" or the "Company") is pleased to announce that it has closed a second tranche of a non-brokered private placement with accredited investors by issuing 3,364,000 units at a price of CA$0.37 per Unit, for total gross proceeds to Komet of CA$1,244,680. Each Unit consists of one common share and one-half common share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share of the Corporation at a price of CA$0.45 for 12 months from the closing date of the private placement. From this amount, 30,000 common shares and 15,000 warrants were issued to a director of the issuer. The Company paid a finder's fee amounting CA$88,326 and issued 238,720 finder's warrants.

Securities issued under the private placement will be subject to a four month hold period from the Closing Date.

Komet will use the private placement proceeds to accelerate exploration of their properties in Burkina Faso and Mali.

The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

As a result of the private placement, 71,171,342 common shares of Komet are issued and outstanding.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com / Skype: andregagne11

Forward-Looking Statements

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. This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet's control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. 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. The forward-looking information is based on the estimates and opinions of Komet's management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Komet Resources Inc. via Globenewswire

Om GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Følg saker fra GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra GlobeNewswire

CEO confidence in growth dips dramatically21.1.2019 18:45Pressemelding

Uncertainty in global economic growth in almost all countries, caution prevails US remains key target market for growth with China narrowing the gap, both see a decline from 2018 Trade conflicts, policy uncertainty, geopolitical issues and skills gap impacting strength of global economy and growth DAVOS, Switzerland, Jan. 21, 2019 (GLOBE NEWSWIRE) -- What a difference a year makes. Nearly 30% of business leaders believe that global economic growth will decline in the next 12 months, approximately six times the level of 5% last year – a record jump in pessimism. This is one of the key findings of PwC’s 22nd annual survey of 1,300 plus CEOs around the world, launched today at the World Economic Forum Annual Meeting in Davos. This is in vivid contrast to last year’s record jump, 29% to 57%, in optimism about global economic growth prospects. Although, all is not doom and gloom: 42% still see an improved economic outlook, though this is down significantly from a high of 57% in 2018. Overal

Komet announces initial Mineral Resource Estimate for the Kabaya Prospect, (Dabia Sud property, Mali)21.1.2019 15:10Pressemelding

QUEBEC CITY, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Komet Resources inc. (TSX-V: KMT) (“Komet” or the “Company”) is pleased to report an initial mineral resource estimate for the Kabaya gold prospect drill prospect, located in the southern part of its Dabia Sud exploration permit (“the Property”) in Western Mali, West Africa. Highlights of the Resource Estimate include : An Indicated Resource of 3.17 million tonnes (Mt) grading 1.03 g/t for 105,000 contained gold ounces and an Inferred Resource of 0.96 Mt grading 1.14 g/t for 35,000 contained gold ounces at a cut-off grade of 0.40 g/t Au (table 1). The pit constrained resource is based on optimized pit shells using a gold price of 1350 US$ and a presumed heap leach gold recovery of saprolite ore. Gold mineralization at Kabaya remains open at depth in bedrock and laterally to the south-west and north-west. Komet intends to continue the resource definition drilling program in order to further develop the resource laterally in saprolite and at

INVNT Expands Global Footprint With Singapore Launch21.1.2019 15:07Pressemelding

NEW YORK, NY, Jan. 21, 2019 (GLOBE NEWSWIRE) -- INVNT, the global live brand storytelling agency™, today announces the opening of its second office in the APAC region – and eighth office globally – located in the thriving creative hub of Singapore. The move comes as the agency, which made its foray into the APAC region in October 2017 with launch of an office in Sydney, Australia, secures global contracts with a number of both new and existing clients. In the last 12 months, INVNT has achieved a 70% client retention rating and worked with 23 new clients worldwide. "The global demand for live events is continually on the rise, with more and more organizations elevating “live” as a core part of their marketing, sales and public relations strategies. At INVNT we believe in the power of live brand storytelling™, as it enables our clients to create deeper, more meaningful relationships with their target audiences,” said Scott Cullather, CEO, INVNT. "With businesses benefitting from the posi

INVNT Expands Global Footprint With Singapore Launch21.1.2019 15:06Pressemelding

NEW YORK, NY, Jan. 21, 2019 (GLOBE NEWSWIRE) -- INVNT, the global live brand storytelling agency™, today announces the opening of its second office in the APAC region – and eighth office globally – located in the thriving creative hub of Singapore. The move comes as the agency, which made its foray into the APAC region in October 2017 with launch of an office in Sydney, Australia, secures global contracts with a number of both new and existing clients. In the last 12 months, INVNT has achieved a 70% client retention rating and worked with 23 new clients worldwide. "The global demand for live events is continually on the rise, with more and more organizations elevating “live” as a core part of their marketing, sales and public relations strategies. At INVNT we believe in the power of live brand storytelling™, as it enables our clients to create deeper, more meaningful relationships with their target audiences,” said Scott Cullather, CEO, INVNT. "With businesses benefitting from the posi

Tenaris completes acquisition of significant stake in Saudi Steel Pipe Company21.1.2019 13:57Pressemelding

LUXEMBOURG, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it closed its previously-announced acquisition from a private group of 47.79% of the shares of Saudi Steel Pipe Company (“SSP”), a welded steel pipes producer listed on the Saudi stock market, for a total amount of SAR 529.8 million (approximately US$141 million). SSP’s facilities are located in the Eastern Province of the Kingdom of Saudi Arabia and have a manufacturing capacity of 360,000 tons per year. The company, which started its operations in 1980 and serves energy, industrial and commercial segments, is qualified to supply products with major national oil companies in the region, including Saudi Aramco. Upon the closing of the transaction, four Tenaris’s nominees were appointed as new members of SSP’s board of directors. In addition, SSP’s board of directors appointed Mariano Armengol, a senior executive with Tenaris, as managing director and ch

FocusCura subsidiary Luscii will continue as independent company with partner OMRON Healthcare to accelerate their international expansion21.1.2019 12:37Pressemelding

Joining forces supports hospitals in moving care towards the home AMSTERDAM, The Netherlands, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Luscii, the e-health application for remote monitoring developed by FocusCura, is set to continue as an independent company. Healthcare entrepreneur and FocusCura founder Daan Dohmen has acquired the majority of the shares and formed a strategic partnership with OMRON Healthcare, known among other things as the largest manufacturer of blood pressure monitors in the world. Part of this cooperation includes an investment, with which Luscii can accelerate its development further in the coming years. OMRON will also support launches in more European countries, as the two companies announced today. Remote monitoring With Luscii, chronically ill patients can be monitored remotely. Remote monitoring via the Luscii app, in combination with smart algorithms, warns the patient's healthcare network in the event of a deteriorating health situation. Direct contact is then