Komet Resources Closes $600,879 First Tranche of Financing

Komet Resources Inc. (TSXV:KMT) announced it has closed the first tranche of a non-brokered private placement with accredited investors, as well as with directors of Komet, by issuing 1,820,846 units at a price of 33 cents per unit, for total gross proceeds to Komet of $600,879.13.
Komet will use the private placement proceeds to fund the acquisition of important production equipment and exploration work on its properties.