Stockwatch

Comet Industries Ltd
Symbol	CMU
Shares Issued	5,136,095
Close 2023-05-29	C$ 4.00
Market Cap	C$ 20,544,380
Recent Sedar Documents

Comet Industries receives OK for Iron Mask rezoning

2023-05-31 15:26 ET - News Release

Tupper Subject: Re: Comet Industries Ltd. PDF Document File: Attachment 3977_001.pdf TUPPER JONSSON & YEADON BARRISTERS & SOLICITORS ANASSOCIATION OF LAWYERS AND LAW CORPORATIONS CARL R. JONSSON* LEE S, TUPPER* ITIO - 1177 WEST HASTINGS STREET CLENN R. YEADON* PAMELA JOE JEFFREY T,K. FRASER* VANCOUVER, 8.C., CANADA v6E2L3 *denotes a Personal Lav' Corporation TEL: (604) 683-9262 REPLY ATTENTION OF LEE S. TUPPER FAX: (604) 681-0139 OUR FILE: I 0078 Email : tupper@securitieslaw.bc.ca May 31,2023 BY EMAIL Canada Stockwatch Vancouver, B.C. : By Email news(LDstockr.vateh.cont Market News Publishing Inc. Vancouver, B.C. By Email: newslrlbn .c(}m Dear Sirs: Re: COMET INDUSTRIES LTD. We are the solicitors for the above-mentioned company, and are enclosing a copy of its News Release of even date, which we would ask that you disseminate pursuanito thd TSX Venture ET-change's requirements, as well as for distribution in the noimal fashion. (Please note that we will be handling the SEDAR fiting of this News Release.) Yours truly, TUPPER JONSSON & YEADON "Lee S. Tupper" LEE S. TUPPER LST:wb Enc. C: Comet Industries Ltd. - via email Attention: Mike OoReillv. CEO TSX Venture Exchange - via SEDAR British Columbia Securities Commission - via SEDAR Alberta Securities Commission - via SEDAR \\garnet.lan\ folders\tupper\documents\data\c\comet\corp\newsreleasecoverletter m ay 2023.doc ,n\tst a COMET INDUSTRIES May 31,2023 comet lndustries Announces lron Mask lndustrial Park Rezoning Application Approval TSX-V Trading Symbol: CMU PRESS RELEASE- May 31, 2023 Kamloops, B.C.: Comet Industries Ltd. (the "Company") is pleased to repoft that the rezoning application for the development of Iron Mask Industrial Park has been approved after a public hearing hosted by the City of Kamloops on May 30,2023. The public hearing provided the public with the opportunity to comment on the proposed rezoning of the Company's 190-acre property between Sugarloaf Road and Bowers Place from "Agricultural" and Future Development Area" to "Light Industrial" - site specific to allow general industry; RV sales, service andlor rental; and laundry and dry cleaning, and "Open Space" to allow an industrial park and privately owned open space. With the zoningamendment approved, Iron Mask Industrial Park will now work on the next steps which will include continuing work on a feasibility study expected to be completed in Q3,2023. Iron Mask Industrial Park sits on the land of the former Iron Mask mine active until the 1980s. With the rezoning approval, the project is on track to have available lots for lease or sale by 2024 or2025. About Comet Industries Ltd. Comet Industries Ltd. was incorporated in the Province of British Columbia and is listed on the TSX Venture Exchange. The address of the Company's corporate office and its principal place of business is 1177 West Hastings Street, Suite 1710, Vancouver, British Columbia, CanadaV6E 2L3. The Company is in the business of holding and developing real properties, all in British Columbia ("8C"). The Company owns unimproved land in Kamloops, Terrace, Pender Harbor, BC and a rental property in Vancouver, BC all on a freehold basis. "MichaelO'Reilly'' COMET INDUSTRIES LTD. Michael O'Reilly President and CEO NEITHER THE TSX VENTURE EXCHANGE, NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE This release includes certain statements that maybe deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward- looking statements, including the reference to proposed development of the Iron Mask Industrial Park. Although management believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undeftakes no obligation to update these forwardlooking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.