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13:07:17 EDT Wed 29 May 2024
Enter Symbol
or Name
USA
CA



Comet Industries Ltd
Symbol CMU
Shares Issued 5,136,095
Close 2023-08-09 C$ 3.85
Market Cap C$ 19,773,966
Recent Sedar Documents

Comet Ind accepts purchase offer for Gastown property

2023-08-10 15:17 ET - News Release

Subject: Re: Comet Industries Ltd. PDF Document File: Attachment nrcoverletter aug 10 2023.pdf TUPPER JONSSON & YEADON BARRISTERS & SOLICITORS AN ASSOCIATION OF LAWYERS AND LAW CORPORATIONS CARL R. JONSSON* LEE S. TUPPER* 1710 - 1177 WEST HASTINGS STREET GLENN R. YEADON* VANCOUVER, B.C., CANADA JEFFREY T.K. FRASER* V6E 2L3 TEL: (604) 640-6358 *denotes a Personal Law Corporation FAX: (604) 681-0139 REPLY ATTENTION OF : LEE S. TUPPER Email: tupper@securitieslaw.bc.ca OUR FILE: 10078 August 10, 2023 BY EMAIL Canada Stockwatch Vancouver, B.C. By Email: news@stockwatch.com Market News Publishing Inc. Vancouver, B.C. By Email: news@baystreet.com 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 pursuant to the TSX Venture Exchange's requirements, as well as for distribution in the normal fashion. (Please note that we will be handling the SEDAR filing 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 O'Reilly, 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 aug 10 2023.doc PDF Document File: Attachment nrgastown aug 10 2023.pdf dot August 10, 2023 Company Announces Acceptance of Offer to Purchase Gastown Property TSX-V Trading Symbol: CMU PRESS RELEASE- August 10, 2023 Comet Industries Ltd. (the "Company") reported today that it had accepted an Offer to Purchase the Company's Gastown property located at 2-12 Powell Street and 200 Carrall Street located in Vancouver, B.C. The purchase price for the lands and building is $10,200,000.00. Completion of the sale subject to a number of conditions including completion of due diligence on behalf of the Purchaser, approval of the TSX Venture Exchange and will be subject to all usual adjustments of taxes, rates, local approvement assessments and other charges and all other costs normally adjusted for on a sale of a commercial property. It is anticipated that the completion date for the sale and purchase of the property will be on or before September 11, 2023. 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, Canada V6E 2L3. The Company is in the business of holding and developing real properties, all in British Columbia ("BC"). The Company owns unimproved land in Kamloops, Terrace, Pender Harbor, BC and a rental property in Vancouver, BC all on a freehold basis. "Michael O'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 may be 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 undertakes 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.

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