representative work

First Cobalt Completes $9.78 Million Bought Deal Financing

01/22/2021

On January 22, 2021, First Cobalt Corp. closed a bought deal offering of 31,533,000 units at a price of $0.31 per unit for aggregate gross proceeds of approximately $9.78 million, which includes the exercise in full of the underwriters’ over-allotment option.

Each unit consists of one common share of First Cobalt and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.50 for a period of 24 months following closing.

Cassels acted for First Cobalt.

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