Kismet Completes Initial Public Offering
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KISMET RESOURCES CORP.
Suite 460, 688 West Hastings Street
Vancouver, BC V6B 1P1
NEWS RELEASE
KISMET COMPLETES INITIAL PUBLIC OFFERING
September 19, 2018 – Vancouver, BC, Canada. Kismet Resources Corp.(the “Company”) (TSXV:
KSMT.P) is pleased to announce that on September 19, 2018 it completed an initial public offering (the
“Offering”) in British Columbia, Alberta and Ontario of 2,000,000 common shares (“Common Shares”)
in the capital of the Company at a price of $0.10 per Common Share for gross proceeds of $200,000
pursuant to a final prospectus dated July 25, 2018 (the “Prospectus”). Following closing of the Offering,
a total of 4,000,000 Common Shares are issued and outstanding, of which 2,000,000 are currently held in
escrow pursuant to the policies of the TSX Venture Exchange (the “TSX-V”), as disclosed in the
Prospectus.
The net proceeds of the Offering, together with the proceeds from prior sales of Common Shares will be
used by the Company to identify and evaluate assets or businesses for acquisition with a view to
completing a Qualifying Transaction under the TSX-V’s capital pool company program.
Haywood Securities Inc. (the “Agent”) acted as agent for the Offering. In connection with the Offering,
the Company granted to the Agent, options to acquire up to an aggregate of 200,000 Common Shares at a
price of $0.10 per share for a period of 24 months from the date the Common Shares are listed on the
TSX-V. In connection with the Offering, the Agent also received a commission of $20,000, representing
10% of the aggregate gross proceeds of the Offering, and a corporate finance fee of $10,000.
At the closing of the Offering, the Company also granted stock options (the “Options”) to directors of the
Company to acquire up to an aggregate of 400,000 Common Shares. Each Option is exercisable to
acquire one Common Share at a price of $0.10 any time prior to September 19, 2023.
The TSX-V has accepted the Company’s listing application and the Common Shares are anticipated to
resume trading on the TSX-V at the opening of business on Friday, September 21, 2018, under the trading
symbol KSMT.P.
For further information please see the Prospectus, available under the Company’s profile on SEDAR at
www.sedar.com.
About the Company
The Company is a capital pool company (“CPC”) within the meaning of the policies of the TSX-V that
has not commenced commercial operations and has no assets other than cash. The current directors and
officers of the Company are: Evandra Nakano (CEO, CFO, Corporate Secretary and Director), Shervin
Teymouri (Director) and David Hladky (Director). Except as specifically contemplated in the CPC
policies of the TSX-V, until the completion of its “Qualifying Transaction” (as defined therein), the
Company will not carry on business, other than the identification and evaluation of companies, business
or assets with a view to completing a proposed “Qualifying Transaction”.
For more information please contact the Company at 604-220-4691 or email: [email protected].
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On Behalf of the Board of Directors of Kismet Resources Corp.
Evandra Nakano
Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although
the Company 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 forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include market prices,
continued availability of capital and financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any
forward-looking statements.