CO1 0.00% 12.0¢ cobalt one limited

Ann: First Cobalt Australian Road Show Presentation, page-2

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    Can anyone elaborate on what this all means? Does co1 get delisted and co1 shareholders receive fcc shares or do we get paid out, or does co1 run as a sister company on the asx with x% ownership of fcc?
 
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Currently unlisted public company.

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