On February 22, 2021, First Cobalt Corp. entered into an at-the-market equity distribution agreement with Cantor Fitzgerald Canada Corporation to establish an at-the-market equity program, allowing First Cobalt to issue common shares having an aggregate sale price of up to $10 million. In connection with the ATM program, First Cobalt filed a prospectus supplement to a short form base shelf prospectus dated November 26, 2020. Any common shares sold under the ATM program will be sold at the prevailing market price at the time of sale, when sold through the TSX Venture Exchange or any other recognized marketplace for the common shares in Canada.
Cassels acted as counsel for First Cobalt.