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First Cobalt Completes $2.1 Million Private Placement


On February 6, 2020, First Cobalt Corp. announced that it had closed an upsized non-brokered private placement of 15,097,430 units at a price of $0.14 per unit for gross proceeds of approximately $2.1 million. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at a price of $0.21 for a period of two years.

Cassels acted for First Cobalt with a deal team that included Sam Cole and Sam Chapman (Securities and Mining).

RELATED EXPERTISE: Securities | Mining