Komet Provides Update on Filing of Q1 2020 Financial Disclosure and Announces Delayed Holding of AGM
June 29 2020 - 6:40PM
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 Insiders
Until 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 Developments
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.
Annual Meeting of
Shareholders
Komet 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.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.
Komet Resources (TSXV:KMT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Komet Resources (TSXV:KMT)
Historical Stock Chart
From Apr 2023 to Apr 2024