22
Jan
16:19
First Cobalt ends financing round
Toronto’s First Cobalt Corp has secured nearly CAD 9.8 million ($7.7m) from a recent bought deal offering, Kallanish reports.
The offering consisted of a sale of 31.533m units at a price of CAD 0.31/unit. Each unit was made up of a common share of the company and a one-half share purchase warrant. “The company intends to use the net proceeds of the offering for the advancement of the First Cobalt Refinery and for general corporate purposes,” the …
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