Cobalt 27 Capital Corp. Prices $200 Million Public Offering of Common Shares
and Files Final Prospectus
TORONTO, ON --(Marketwired - June 16, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
Cobalt 27 Capital Corp. (the "Company" or "Cobalt 27") (TSX
VENTURE: KBLT) is pleased to announce that it has priced its public offering
(the "Offering") of 22,222,225 post-consolidated common shares
("Shares") at a price of $9.00 per Share (the "Offering
Price"). The $200 million Offering will consist of 10,924,420 Shares being
sold for gross cash proceeds of $98,319,780, and 11,297,805 Shares being issued
to acquire 1,205.6 tonnes of physical cobalt for a total cost of $101,680,245.
Cobalt 27 has filed its final long form prospectus dated June 16, 2017 (the
"Prospectus") with the securities commissions in each of the
provinces and territories of Canada, except Québec, in connection with the
Offering.
