Komet Resources Inc.
TSX VENTURE : KMT

Komet Resources Inc.

January 26, 2015 13:13 ET

Komet Resources Inc.: Appointment of Mr. Pierre Colas as Director

QUEBEC CITY, QUEBEC--(Marketwired - Jan. 26, 2015) - Komet Resources Inc. ("Komet" or the "Corporation") (TSX VENTURE:KMT) is pleased to announce the appointment of retired Quebec based investment banker Pierre Colas to the Corporation's Board, subject to regulatory approval. Mr. Colas was most recently Vice-President & Managing Director Investment banking at Industrielle Alliance Securities Inc. ("IAS"). Prior to his appointment at IAS, he was First Vice-President Investment Banking at Desjardins Securities Inc. He has successfully transacted over $5B in equity financing and participated in the initial public offering of more than 100 new companies. He is also a member of the board for Beaufield Ressources Inc. Mr. Colas holds a Bachelor degree in Commerce from the University of Concordia, Montreal and was a member of the TSX Venture Exchange Advisory Committees until recently.

Hiring of Mr. Sylvain Boily

Mr. Boily was hired by the Company's wholly-owned subsidiary, Komet Resources Africa SA on January 5, 2015. He will act as surface Mechanical Superintendant at the Guiro mine. He has a vast experience in diesel and plant mechanics, as well as in welding (CWB class and high-pressure) and construction. Over the course of his more than 30-year career, he worked in the mining sector for over 12 years, including 6 years in Burkina Faso. He then completes the team with Mr. Mario Othot and Mr. Pierre Tremblay who are already on-site.

Appointment of Mr. Claude Pelletier as Procurement Manager

Employed by the Company since August 1, 2014, Mr. Pelletier was lately appointed Procurement Manager in order to implement this department and the associated procedures. He will be based in Ouagadougou at least for the next 6 months. He acquired more than 30 years of experience in management, including 4 years in a Quebec leading engineering firm and 3 years in a Canadian mining company operating in Mali, a neighbouring country of Burkina Faso. He holds a bachelor degree in Business Administration from Laval University in Quebec City.

Update on the Guiro project, Burkina Faso

The President and CEO, Mr. André Gagné, is currently in Burkina Faso in order to complete the license transfer in Guiro. "I am really proud of the team in place and the progress of the works," he said. After his stay in Africa, he will continue his tour through Luxembourg and France to meet shareholders and prospective investors.

Options

The Komet Board of Directors approved the granted of 850 000 common shares of the Company.

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: 42 483 547

Contact Information

  • Investors relations and information:
    Andre Gagne
    President and CEO
    581-300-1666
    a.gagne@kometgold.com
    Skype: andregagne11