Komet Resources Inc.

Komet Resources Inc.

April 15, 2016 04:00 ET

Important Nomination of Albert Wildgen for Komet Resources Inc.

QUEBEC, QUEBEC--(Marketwired - April 15, 2016) - Komet Resources Inc. (TSX VENTURE:KMT) ("Komet" or the "Company") welcomes Mr. Albert Wildgen as advisor to the management and to the board of directors.

Mr. Wildgen holds a law degree from the University of Paris I, Panthéon-Sorbonne, 1976. He was called to the Barreau des Avocats in Luxemburg in 1977. In 1980, Mr. Wildgen joined the law firm of Mr. Victor Bodson, a former Luxemburg Minister and Member of the European Commission in Brussels. Mr. Wildgen served as an Associate Director of Wildgen & Partners until December 31, 2002. He serves on the boards of directors of a number of holding companies and multinational financing companies. He also served on the board of directors of FIDAL International, of KLegal International, regrouping 2800 attorneys from different countries, as well as the Quebec company Petrolia. He is now, among others, member of the board of directors of two banks in Luxemburg. Mr. Albert Wildgen serves as the President of Administration des Biens de S.A.R. Le Grand-Duc de Luxembourg.

André Gagné, president and CEO stated: "The addition of Mr. Wildgen to our team is strategic. His contacts, experience and knowledge of Africa are important assets for the development and growth of the company."

Stock Options

400 000 stock options were granted at a price of $0.37. Of those, 200 000 went to Mr. Wildgen and 200 000 went to a director of the company.

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

Contact Information

  • Investors relations and information:
    Andre Gagne
    President and CEO
    Skype: andregagne11