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BRIEF-Cobalt 27 Announces $85 Mln Bought Deal Offering Of Common Shares
December 7, 2017 / 9:07 PM / 7 days ago

BRIEF-Cobalt 27 Announces $85 Mln Bought Deal Offering Of Common Shares

Dec 7 (Reuters) - Cobalt 27 Capital Corp:

* COBALT 27 ANNOUNCES $85M BOUGHT DEAL OFFERING OF COMMON SHARES

* COBALT 27 CAPITAL - TO USE PROCEEDS FROM OFFERING TO BUY UP TO 720 METRIC TONNES OF PHYSICAL COBALT UNDER OPTION FOR PURCHASE PRICE OF ABOUT US$58 MILLION

* COBALT 27 CAPITAL - ENTERED AGREEMENT UNDER WHICH CO WILL ISSUE 8.1 MILLION COMMON SHARES ON BOUGHT DEAL BASIS AT $10.50 PER COMMON SHARE Source text for Eikon: Further company coverage:

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