Ann: First Cobalt Closes Private Placement for $1.6 Million, page-3

There's only one $1.6m, this is just to say the cash is now in the bank from the previously announced issue:

"First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to announce the closing of the non-brokered private placement previously announced on March 4, 2019 (the “Private Placement”) to raise gross proceeds of $1,604,385 by issuing 8,913,249units (the “Units”) of the Company at a price of $0.18 per Unit."