Skip to main content

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

Written by Customer Service on . Posted in Public Companies.

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 ended March 31, 2020 (the “Required Q1 Filings“). The Corporation is providing this update in accordance with Decision No 2020-PDG-0023 of the Autorité des marchés financiers (Québec) (the “Exemption“). The Corporation intends to make the Required Q1 Filings on or prior to July 14, 2020.
Blackout in Effect for Management and Other InsidersUntil such time as the Required QI Filings are completed, Komet’s management and other insiders are subject to a trading blackout that reflects the principles contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.Business DevelopmentsSince 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.Annual Meeting of ShareholdersKomet further announces that it is relying on the exemptions provided in Decision 2020-PDG-0034 of the Autorité des marchés financiers (Québec) and similar exemptions provided by members of the Canadian Securities Administrators in each of the provinces and territories of Canada, to delay the filings of its executive compensation disclosure for the year-ended December 31, 2019 and to delay the requirements to send copies of its annual or interim financial statements and MD&A to investors that have requested so. All required disclosure and documents will be provided in advance of December 31, 2020.The Corporation intends to hold its annual meeting of shareholders in September 2020.Investor Relations/information:Mr. Robert Wares, Chairman and interim President:  514-951-4235 / r.wares@kometgold.comNeither 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. 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.