Komet Resources Inc.: Update Concerning the Guiro Gold Mine in Burkina Faso
10 Juni 2014 - 2:15PM
Marketwired
Komet Resources Inc.: Update Concerning the Guiro Gold Mine in
Burkina Faso
QUEBEC CITY, QUEBEC--(Marketwired - Jun 10, 2014) - Komet
Resources inc. ("Komet" or the "Corporation") (TSX-VENTURE:KMT) is
pleased to announce that it has obtained the conditional approval
of the TSX Venture Exchange (the "Exchange") in order to close the
acquisition of the Guiro gold mine announced on May 28, 2014.
The final approval of the Exchange is conditional to the filing
of the following documents:
- A 43-101 technical report on the property;
- a 6-months budget following the closing, which shows that the
Corporation has the necessary financial resources to maintain its
properties and covers Phase 1 of the recommended work program;
- the Corporation's auditors analysis demonstrating that the
transaction does not constitute a company acquisition in accordance
with the IFRS;
- a legal opinion on the property titles;
- the final agreement, including the underlying agreements and
documents;
- the final form 5C; and
- the payment of the balance of applicable rights.
Komet is trying to file all the required documents with the
Exchange in the shortest possible time. Komet's management believes
that the acquisition of the Guiro gold mine will be completed
within days following the filing of these documents and acceptance
by the Exchange.
More information about the corporation is available at:
www.kometgold.com
Forward-Looking Statements
Neither TSX Venture Exchange nor the regulatory service
provider (as the term is defined in TSX Venture Exchange's
policies) accepts any liability of any kind as to the authenticity
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 Inc.'s
("Komet") 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 reserves,
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.
Outstanding shares: 40,255,047
Investors relations and information:Andre Gagne, President and
CEO581-300-1666a.gagne@kometgold.comSkype : andregagne11
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