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11:58:51 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Comet Industries Ltd
Symbol CMU
Shares Issued 5,136,095
Close 2023-08-11 C$ 4.00
Market Cap C$ 20,544,380
Recent Sedar Documents

Comet Industries closes sale of Gastown for $10.2M

2023-09-12 12:27 ET - News Release

Subject: Re: Comet Industries Ltd. News release PDF Document File: Attachment Comet cover letter.pdf TUPPER JONSSON & YEADON BARRISTERS & SOLICITORS AN ASSOCIATION OF LAITYERS AND LAII/ CORPORATIONS C/\ltl- li JONSSON* LT]E S. TUPPER* 17IO.IT77 WEST HASTINCS STREET VANCOUVER, 8.C,, CANADA GLENN R YEADON* Jhl;fRIlY T.K. FRASER* V6E 2L3 TEL: (604) 640-6358 +dcn(il.'s u PL'rsonal Lot Corporution FAX: (604) 68 I -0139 Email: tupper@securitieslaw.bc.ca ITLPLY A1-I'ENI'ION OF LEE S. TUPPER OUIi FILE; r 0078 Septenrber 12,2023 BY EMAIL Canada Stockwatch Vancouver, B.C. By Email: newsiAstockrvatch.conr Market News Publishing Inc. Vancouver, B.C. By Email: news,:Abaystreet.ct:rn Dear Sirs: MET INDUSTRIE 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. Comet Industries Ltd. - via email Attention: Mike O'Reillv. 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 sept 12 2023.doc PDF Document File: Attachment Comet News release sept 12 2023.pdf vA COMET INDUSTRIES September 12,2023 Company Announces Glosing of Sale of Gastown Property TSX-V Trading Symbol: CMU PRESS RELEASE- September 12, 2023 Comet Industries Ltd. (the "Company") reported today, further to it's press release of August 10,2023,that it had closed on the sale of the Company's Gastown property located at2-12 Powell Street and 200 Canall Street in Vancouver, B.C. The purchase price for the lands and buildings was $10,200,000.00. The purchaser ofthe property is a private, local real estate investor and developer. The Company also reported that proceeds from the sale will be applied to advance work on the development of the Company's Iron Mask Industrial Park in Kamloops, B.C. The project is on track to have available lots for lease or sale by 2024 or 2025. 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 ll77 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 Harbour and Nelson Island, BC all on a freehold basis. "Michael O'Reilly" COMET INDUSTzuES LTD. Michael O'Reilly President and CEO NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FORTHE ADEQUACY ORACCURACY 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 maydiffer 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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