Komet Announces Grant of 2,400,000 Options
September 22 2020 - 8:00AM
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
(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.
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