24
Aug
15:04
COBALT: First Cobalt secures $45m to reopen, expand Ontario refinery
First Cobalt says it has arranged a combined secure convertible debt and brokered equity financing package with an aggregate value of $45 million to finance construction of expanding and recommissioning its hydrometallurgical refinery in northern Ontario, Kallanish reports.
The financing consists of an offering of a $37.5m principal amount of 6.95% senior secured convertible notes due on 1 December, 2026, led by Cantor Fitzgerald & Co in a private placement an…
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