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Nickel 28 (ehemals Conic Metals, davor Cobalt 27 Capital Corp.

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27.04.17 21:42:40
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Cobalt 27 Capital Corp.

V.KBLT

http://www.co27.com/


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Arak Resources Ltd. Announces New Appointment, Change of Name, Stock Options, Exercise of Warrants and Forward Split

31.03.2017 | Marketwired

VANCOUVER, March 31, 2017 - Arak Resources Ltd. (TSX VENTURE: AAC) (the "Company") is pleased to announce certain corporate changes, which includes a forward split, new management and a new name.


Change of Name

The Company announces that it will change its name to Cobalt 27 Capital Corp. ("Cobalt 27") to better reflect the new direction of the Company in its search for new opportunities in the battery metals sector.


New Appointment

The Company is very pleased to announce the appointment of Justin Cochrane as Executive Vice President, Strategy & Business Development effective immediately. Mr. Cochrane has 15 years of royalty and stream financing, M&A and corporate finance experience. He served as Executive Vice President of Sandstorm Gold Ltd. for five years, and Head of Corporate Development. At Sandstorm, he was responsible for the structuring, negotiation and execution of over $600 million of royalty and stream financing contracts and acquisitions around the globe, across dozens of projects. He is currently an EVP of Corporate Development with Abingdon Capital Corporation and a board and audit committee member of Chatham Rock Phosphate. Prior to Sandstorm, he spent nine years of investment banking and equity capital markets with National Bank Financial (NBF) where he covered the resource, clean-tech and energy technology sectors.

Mr. Cochrane is a Chartered Financial Analyst charterholder and a registered and licensed security advisor in Canada.

Mr. Cochrane will perform his duties as an independent contractor and will be working with the Company's recently elected director Dr. Jonathan Hykawy, to investigate new opportunities in the battery metals sector.


Forward Split

The Company intends to undertake the forward split of its current issued and outstanding common shares on the basis of three new post-split shares for every one outstanding share (the "Forward Split").

There are currently 11,016,127 common shares issued and outstanding in the capital of the Company. However, management notes that there is very little trading of the Company's shares on the TSX Venture Exchange. The Forward Split is being introduced as a means of facilitating an increase in liquidity in the Company's shares. Following implementation of the Forward Split, there will be 33,048,381 shares outstanding.


Stock Options

The Company announces that it has granted an aggregate of 1,079,612 incentive stock options to directors, officers and new consultants of the Company, who have been engaged to provide their expertise in moving the Company forward with its new focus. Each option permits the grantee to acquire one common share of the Company at a price of $0.65 per share and expires five years from the date of the grant. Certain of the options will be granted to non-Canadian residents at a price that includes the permitted discount.


Exercise of Warrants

The Company announces that a majority of the warrant holders have exercised their warrants well before the expiration of the warrants' hold period. A total of 4,898,000 warrants at $0.18 were exercised generating $881,640 additional funds for the Company which funds will be added to the Company's working capital.

The Change of Name and Forward Split are subject to the approval of the TSX Venture Exchange; however will not require the approval of the Company's shareholders.


ARAK RESOURCES LTD.

Carl von Einsiedel
Director



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES



For further information please contact:

Arak Resources Ltd.
604-410-2277
Fax: 604.410.2275
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Cobalt 27 Announces New Board, Offering of Shares and Agreements to Acquire Physical Cobalt and Cobalt-Related Royalties
V.KBLT
VANCOUVER, BC --(Marketwired - April 24, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

(unless otherwise noted, all currency amounts are stated in Canadian dollars)

Cobalt 27 Capital Corp. (TSX VENTURE: KBLT) (the "Company" or "Cobalt 27") announces that it has entered into a number of contracts and arrangements which in aggregate constitute a "change of business" under TSX Venture Exchange Policy 5.2. Specifically, the Company:

has appointed Scotia Capital Inc., Canaccord Genuity Corp. and TD Securities Inc. as lead underwriters and joint bookrunners (collectively, the "Lead Underwriters") to raise $200,000,000 through a distribution of the Company's common shares (the "Offering");
has been granted thirteen options to purchase physical cobalt with net proceeds from the Offering (the "Cobalt Contracts");
has entered into six net smelter return royalty agreements on eight separate exploration-stage properties pertaining to the possible future production of cobalt (the "Royalty Contracts");
has appointed new officers and directors, being Anthony Milewski (Chairman, CEO & Director), Cindy Davis (CFO), Frank Estergaard (Director), Nick French (Director), and John Kanellitsas (Director), who will be joining John Hykawy (Director) whose appointment was announced on March 24, 2017;
has promoted Justin Cochrane to President & COO; and
has formed an advisory board to provide specific advice on the Company's new business strategy, comprised of Robert Mitchell, Phil Day, Andrew Ferguson, Stephen Gill, Vincent Metcalfe, Mark Selby, and Neil Warburton. In addition, Arlington Group Asset Management Limited will serve as a corporate advisor to the Company and continue to provide advice regarding management roles, board composition, marketing, financings, potential investors, streaming and royalty acquisitions and general corporate matters.
New Business Strategy

The Company intends to become a minerals company offering pure-play exposure to cobalt, an integral element in key technologies of the electric vehicle ("EV") and battery energy storage markets. The Company will initially hold physical cobalt and several exploration-stage cobalt royalties. The Company is currently in negotiations with cobalt producers and developers for potential cobalt stream acquisitions. Management believes that the cobalt purchased under the Cobalt Contracts will represent one of the largest holdings of physical cobalt in a publicly-listed pure play cobalt company. The Company's objective is to achieve appreciation in the value of its physical cobalt position and accretively grow its cobalt exposure through the acquisition of additional physical cobalt, streams, royalties and direct interests in mineral properties containing cobalt.

EVs have entered into the mainstream at economically attractive price points to the mass market. Increasing demand for EVs is expected to drive investor demand for battery metals, particularly cobalt, which is an important component in batteries. Batteries currently represent approximately 50% of total cobalt demand. The Company believes strong cobalt demand, coupled with challenged supply due to a lack of primary cobalt mines and political instability of the Democratic Republic of the Congo, which is the largest supplier of mined cobalt, creates an attractive proposition for cobalt price appreciation. The cobalt market was in a deficit in 2016 for the first time since 2009, with growing supply deficits expected through to 2020.

Management intends to pursue a business model that offers direct and long term leverage to cobalt price appreciation through owning physical cobalt and cobalt streams and royalties from producers and developers, as well as direct interests in mineral properties containing cobalt. Unlike mining companies and battery producers, physical cobalt, streams, and royalty interests will limit exposure to operational and capital risks. As there is a lack of futures liquidity for cobalt on the London Metal Exchange, and an absence of near-term primary-cobalt mining projects, the Company intends to provide a unique investment opportunity by offering investors exposure to cobalt.

Public Offering

To finance this new business strategy, the Company has appointed the Lead Underwriters, on behalf of a syndicate of underwriters to be formed (collectively with the Lead Underwriters, the "Underwriters") to raise gross proceeds equivalent to $200,000,000 through a distribution of the Company's common shares ("Shares"), to be priced following a marketing program (the "Offering"). The Company has prepared and filed a long form prospectus (the "Prospectus") to qualify the distribution of the Shares pursuant to the Offering. The Company will also grant the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part at any time until 30 days following the closing of the Offering, to purchase from the Company at the offering price up to an additional 15% of the number of Shares sold under the Offering.

Cobalt Contracts

Under each Cobalt Contract, the Company has been granted an option, but not an obligation, to acquire a specified maximum amount of physical cobalt, at the market price. The grade and brand of cobalt under option with each vendor varies and includes premium brands and standard brands of physical cobalt. Each Cobalt Contract will close concurrently with or immediately following closing of the Offering; and closing of each Cobalt Contract is conditional upon closing of the Offering. Each Cobalt Contract was entered into at arm's length.

Each vendor of cobalt was offered the choice of receiving cash, Shares, or any combination thereof. Following vendor elections, Cobalt Contracts provide for the purchase price to be paid in cash, Shares or in a combination of cash and Shares. Shares issued as partial or full consideration under a Cobalt Contract are referred to as "Cobalt Contract Shares". All Cobalt Contract Shares are qualified for distribution under the Prospectus, and will be issued concurrently with closing of the Offering.

Cobalt purchased under the Cobalt Contracts will be insured and is currently stored in secure warehouses, and will either remain in such location, or be re-located as the Company may determine.

Royalty Contracts

The Company has entered into the Royalty Contracts to acquire eight royalties on exploration-stage properties containing cobalt, for total consideration of $1,150,000 to be satisfied with the issuance of Shares at the offering price immediately following closing of the Offering. The Company believes the acquisition of the royalties under the Royalty Contracts will provide long-term optionality on the price of cobalt. The Company is also actively pursuing streaming and other royalty acquisition opportunities. The focus will be on streaming opportunities that could provide the Company with material near-term cash flow. Details of the Royalty Contracts are disclosed in the Company's preliminary prospectus, as filed on SEDAR. Each Royalty Contract was entered into at arm's length.

New Management

The following summarizes information regarding the Company's directors and executive officers:

Anthony Milewski, Chairman, CEO & Director

Mr. Anthony Milewski joined the Company as Chairman, CEO and a Director on April 20, 2017.

Mr. Milewski has spent his career in various aspects of the mining industry, including as a company director, advisor, founder and investor. In particular, he has been active in the battery metals industry including investing in cobalt and actively trading physical cobalt.

Mr. Milewski has managed numerous mining investments at various stages of development, including exploration, development, production and turnaround situations, and across a broad range of commodities. He has served as a director of both public and private companies and has been seconded as interim CEO on multiple occasions. Mr. Milewski is a member of the investment team at Pala Investments Limited. Prior to joining Pala Investments, he worked at Firebird Management LLC.

Mr. Milewski previously worked at Renaissance Capital and Skadden, Arps, Slate, Meagher & Flom LLP in Moscow, where he focused on advisory and transactional work in metals & mining and oil & gas sectors. He has lived and worked in Africa and Russia, including a year as a Fulbright scholar, and has spent considerable time in Central Asia.

Mr. Milewski holds a B.A. in Russian history from Brigham Young University, an M.A. in Russian and Central Asian Studies from the University of Washington, and a J.D. from the University of Washington. He holds an LLM from the Russian Academy of Sciences.

Justin Cochrane, President & COO

Mr. Justin Cochrane has been an officer of the Company since March 31, 2017. In conjunction with the Offering, Mr. Cochrane was promoted to the Company's President & COO on April 20, 2017.

Mr. Cochrane has 15 years of royalty and stream financing, M&A and corporate finance experience. He served as Executive Vice President and Head of Corporate Development for Sandstorm Gold Ltd. for five years. At Sandstorm, he was responsible for the structuring, negotiation and execution of over US$500,000,000 of royalty and stream financing contracts around the world, across dozens of projects. He is currently a board and audit committee member of Chatham Rock Phosphate. Prior to Sandstorm, he spent nine years in investment banking and equity capital markets with National Bank Financial where he covered the resource, clean-tech and energy technology sectors.

Mr. Cochrane is a Chartered Financial Analyst, and a registered and licensed security advisor in Canada.

Cindy Davis, CFO

Ms. Davis joined the Company as the CFO on April 20, 2017.

Since June 2008, Ms. Davis has provided accounting and financial reporting services for publicly listed companies, through Marrelli Support Services Inc. She is currently a director and audit committee chair for Outdoor Partner Media Corporation; and CFO for each of Royal Road Minerals Limited, CHAR Technologies Ltd., and Pasinex Resources Ltd. Ms. Davis is a Canadian Chartered Professional Accountant, and holds a Bachelor of Science degree specializing in Accounting and Economics from the University of West Indies in Jamaica.

Frank Estergaard, Director

Mr. Frank Estergaard joined the Company as a Director and Chair of the Audit Committee on April 20, 2017.

Mr. Estergaard is a CPA, CA and a retired partner of KPMG. As an audit partner with KPMG, he provided audit services to clients in a wide range of industries, including mineral exploration and high technology. He also served on the firm's Management Committee and Partnership Board.

Since retirement from KPMG, Mr. Estergaard has provided financial consulting services through Frannan Enterprises Ltd., and has served as CFO for several companies, including Rackforce Networks Ltd. (a private company), and for Metalex Ventures Ltd., (a public company). Mr. Estergaard has also served as a Director and Chairman of the Audit Committee for QHR Technologies Inc. and Fission Energy Inc. He is currently a Director and Chairman of the Audit Committee for Fission Uranium Corp. and Fission 3.0 Corp. and serves on their Corporate Governance Committees.

Nick French, Director

Mr. Nick French joined the Company as a Director on April 20, 2017.

Mr. French graduated from Cambridge University in 1975 with an M.A. in Geography (Economic) before spending 22 years with London based trader Wogen Resources Ltd. during which time he rose from trainee to Managing Director and was at the trading desk when the price of cobalt rose from US$5/lb to US$50/lb during an eight-month period during 1978. During the following years, Mr. French was on the cobalt front line as the market developed new directions based upon the opening up of China as it turned from net exporter to net importer and the collapse of the Iron Curtain including the sell-off of the Soviet stockpiles.

In 1997, he became the CEO of SFP Metals Ltd., a creative cobalt specialist trading house. While at SFP Metals, he structured finance deals with African producers, a joint venture with China's largest producer, and various long term contracts with the world's largest producers and consumers. As such, SFP Metals was well placed when the cobalt price ran up to over US$50/lb again in 2008. With SFP Metals as one of the most active global cobalt traders, the "SFP Weekly Cobalt News" publication was for more than a decade distributed to over 350 members of the global cobalt community.

In 2015, Mr. French stepped back to form his own cobalt consultancy, Metal Investment Consultants, and has spent the last two years advising various parties on the structure and potential of the cobalt market with occasional articles published in the industrial press and conference presentations.

Jonathan Hykawy, Director

Dr. Jon Hykawy has been a Director of the Company since March 24, 2017.

Dr. Hykawy was trained as an experimental physicist and worked at some of the most prestigious laboratories in North America, including the Chalk River Laboratories of Atomic Energy of Canada Limited as well as the Sudbury Neutrino Observatory. He, along with the rest of the Sudbury Neutrino Observatory Collaboration, was awarded the 2016 Breakthrough Prize in Fundamental Physics. He also earned a MBA degree from Queen's University, after which he began working in the financial industry in Toronto. Dr. Hykawy has been an equities analyst on Bay Street since 2000, covering technologies such as batteries and fuel cells, and the critical materials used to manufacture these technologies, including lithium, cobalt and the rare earths.

In particular, Dr. Hykawy has made cobalt and other battery materials a key part of his research focus since 2009, when he helped found Byron Capital Markets, a boutique brokerage operation that specialized in researching the industry and companies involved in various critical material sectors. His current business, Stormcrow Capital Limited, consults with various clients, including private equity investors, large multinational corporations and junior mining companies, who are involved in critical materials. Stormcrow's work includes analysis of supply and demand within a commodity sector, as well as future pricing projections.

Dr. Hykawy is widely quoted on battery materials such as cobalt, and is an invited speaker at such conferences as the 1-2-1 Mining Summit series, the Mines and Money series, the Lithium Supply and Markets series, the Roskill Rare Earths Conferences, the Argus Metals Week and Rare Earth Conferences, and various other events held around the world.

John Kanellitsas, Director

Mr. John Kanellitsas joined the Company as a Director on April 20, 2017.

Mr. Kanellitsas has been involved in the battery materials industry since 2009 and is currently the President and Vice Chairman of Lithium Americas Corp. He has over 25 years of corporate finance and investment management experience. He was a co-founder of Geologic Resource Partners, LLC and served as its Chief Operating Officer from 2004 until 2014, and was previously employed by Sun Valley Gold, LLC, Morgan Stanley & Co. in New York and San Francisco, and General Electric. Mr. Kanellitsas has an MBA from the University of California at Los Angeles and a BS degree in Mechanical Engineering from Michigan State University.

Advisory Board

The Company has also formed an advisory board comprised of the following persons to provide specific advice on various aspects of the Company's new business strategy:

Robert Mitchell

Mr. Mitchell is Managing Member of Portal Capital, Portfolio Manager of Green Energy Metals Fund and Co Portfolio Manager of Odysseus Fund. He has over 30 years of experience in the public securities industry and has served as a Portfolio Manager since 2002. He created and launched Adit Capital Management, L.P. in 2004, acting as its Portfolio Manager and has served as the General Partner for Adit Capital Management II, L.P. and Adit Capital Management III, L.P. He founded Portal Capital in 2006 and prior to that was the Chief Investment Officer for Touchstone Investment Managers, LLC in addition to Portfolio Manager, where he compiled a cumulative equity return of over 50% from January 2003 through December 2005. Since 2004, he has had several articles published in Marc Faber's newsletter, "Gloom, Boom & Doom", was profiled in Forbes in 2005, and has been mentioned in the NY Times and Wall Street Journal for his entry into the uranium markets.

Phil Day

Mr. Day is Vice President, Technical and Operations Team at Pala Investments Limited, which he joined in 2014 and has been directly involved in operations and development with several portfolio companies. He has over 20 years of experience in mining projects globally, focusing on operations, design and consulting. Prior to joining Pala Investment, he worked for AMEC Americas as Vice President for Process Engineering. He has managed a number of major projects, including the expansion of Corrego do Sito, the $1 billion Gramalote gold study for Anglo Gold Ashanti and the $2 billion ammonia leach expansion of Tenke Copper project for Freeport-McMoRan. He has also had operational, managerial and technical roles for BHP Billiton, WMC Resources, Minara Resources and Wiluna Gold, gaining exposure to various commodities.

Andrew Ferguson

Mr. Ferguson is Executive Director and CEO of APAC Resources Limited, a natural resources investment and commodities business company listed on the Hong Kong Stock Exchange. He has 21 years of experience in the finance industry specializing in global natural resource. In 2003, he co-founded New City Investment Managers in the United Kingdom. He has a proven track record in fund management and was the former co-fund manager of City Natural Resources High Yield Trust, which was awarded "Best UK Investment Trust" in 2006. He also managed New City High Yield Trust Ltd. and Geiger Counter Ltd. He worked for New City Investment Managers CQS Hong Kong, a financial institution providing investment management services to a variety of investors. He is currently an alternate director to Mr. Lee Seng Hui of Mount Gibson Iron Limited.

Stephen Gill

Mr. Gill has been at Pala Investments Limited since 2008, during which time he has been involved in structuring many of Pala Investments' principal investments covering a range of commodities, with a particular focus on technology-related metals and non-exchange traded commodities including titanium feedstocks, tin, cobalt and lithium. Key transactions include, Pala Investments' investments in Sierra Rutile Limited, Asian Mineral Resources Ltd. and African Thunder Platinum Ltd. Mr. Gill has also supported many of Pala Investments' investee companies in defining and implementing strategic initiatives, including the expansion of Dumas Mining's business through a series of acquisitions, the turn-around of Asian Mineral Resources' Ban Phuc nickel project, and the evolution of Sierra Rutile's dry mining business model. He is also a director of Nevada Copper Corp. and Kasbah Resources Limited, and was previously a director of Sierra Rutile Limited and Asian Mineral Resources Ltd.

Vincent Metcalfe

Mr. Metcalfe is Vice President, Investor Relations at Osisko Gold Royalties Ltd. and CFO at Falco Resources Ltd. He previously was Director of Project Evaluations at Osisko Gold Royalties Ltd. He specializes in mergers and acquisitions, equity financings, corporate development and streaming transactions. He has nine years of investment banking experience, working at Desjardins Securities (VP and Director) and BMO Capital Markets (Analyst) specializing in metals and mining.

Mark Selby

Mr. Selby is the President and CEO of RNC Minerals (formerly Royal Nickel Corporation) advancing one of the few large nickel projects - Dumont. RNC Minerals has also successfully developed new processing method utilizing roasting to process nickel sulphide concentrates. Prior to joining RNC Minerals in 2010 as Senior Vice President, Business Development, he was Vice President, Business Planning & Market Research at Quadra Mining. He is actively sought out as a speaker on the nickel market and recognized as one of a limited set of global nickel market experts. He was a Director, Market Research at Inco from 2001 to 2004. Inco is recognized as one of first mining companies to understand China's impact on the nickel market. At Inco, he took over as Vice President, Strategy and led the corporate development group in early 2005 through 2007 during the Inco/Falconbridge merger and various corporate combinations thereafter.

Neil Warburton

Mr. Warburton is a Non-Executive Director of Independence Group (IGO), a diversified mining company. He is a qualified mining engineer with 35 years of experience in gold and nickel a development and mining. He was CEO at Barminco Limited from 2007 to 2012, where he managed Australian operations and coordinated the international expansion into West Africa and Egypt. He also held a senior executive position at Coolgardie Gold and was a non-executive director of Sirius Resources NL, Peninsular Energy Limited and non-executive chairman of Red Mountain Mining Ltd. He is currently a non-executive director of Australian Mines Limited, Namibian Copper Limited and Flinders Mines Ltd.

Resignation of Directors and Officers

The Company also announces the resignations of Carl von Einsiedel (as Director and CEO), Kathryn Witter (as CFO) and Ray Wladichuk (as Director) effective April 20, 2017. Kathryn Witter will remain with the Company as the Corporate Secretary. Anthony Milewski, the Company's new Chairman and CEO, states "We would like to thank Mr. Einsiedel and Mr. Wladichuk for their contributions to the Company, and we wish both of them well in their future endeavours."

Other Matters

The Company's auditors have been changed from Charlton & Company LLP to Wolrige Mahon LLP.

The Company will be a mineral resource issuer under TSX Venture Exchange ("TSXV") policies upon closing of the above transactions; however the Company intends to make application to list on the Toronto Stock Exchange. The Company does not anticipate seeking shareholders' approval with respect to the above transactions; nor will it be engaging any sponsor with respect to its application for TSXV approval. No new "control person" (as defined in TSXV policies) of the Company will result from the above transactions.

Halt Trading and Regulatory Review

Trading in the Company's Shares was halted at the request of the Company prior to the open on Monday, April 17, 2017 pending the dissemination of this news release and approval to the above proposed transactions by the TSXV. As the transactions amount to a Change of Business under TSXV policies, it is expected that trading in the Shares will remain halted until the Offering is closed and all contracts to acquire physical cobalt and royalties have completed.

ON BEHALF OF

COBALT 27 CAPITAL CORP.

Anthony Milewski

Chairman, CEO & Director

For further information, please visit Cobalt 27's website at www.co27.com.

Completion of the proposed transactions is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. There can be no assurance that the transactions will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the prospectus to be prepared in connection with the Offering, any information released or received with respect to the transactions may not be accurate or complete and should not be relied upon. Trading in the securities of Cobalt 27 Capital Corp. should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements with respect to: (i) expectations regarding whether the proposed transactions, including exercise of the Cobalt Contracts and the related Offering, will be consummated (including whether conditions to the consummation of the proposed transactions will be satisfied, or the timing for completing the proposed transactions); (ii) expectations for the effects of the transactions to successfully achieve business objectives; (iii) the potential benefits of the proposed transactions; and (iv) expectations for other economic, business, and/or competitive factors. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements include the following: (i) the ability to consummate the proposed transactions; (ii) the ability to obtain requisite regulatory approvals and the satisfaction of other conditions to the consummation of the proposed transactions on the proposed terms and schedule; (iii) changes in general economic, business and political conditions, including changes in the financial markets; (iv) changes in applicable laws; (v) competition that the Company may face; (vi) compliance with government regulation; and (vii) and the diversion of management time on the proposed transactions. These forward-looking statements may be affected by risks and uncertainties in the business of the Company and market conditions. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Specifically, there is no assurance the Company will be successful in raising any amount under the Offering, and therefore there is no assurance it will be able to acquire any cobalt under the Cobalt Contracts or acquire any cobalt-related royalties under the Royalty Contracts. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


http://www.stockhouse.com/news/press-releases/2017/04/24/cob…

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Asian Mineral Resources Enters Into Net Smelter Return Royalty for Cobalt
V.ASN
TORONTO, ONTARIO--(Marketwired - April 24, 2017) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) is pleased to announce that it has entered into a net smelter royalty return agreement (the "NSR Agreement") with Cobalt 27 Capital Corp. ("Cobalt 27") related to the sale of cobalt by AMR from its Ta Khoa concession in Vietnam.

Under the terms of the NSR Agreement, AMR will receive C$300,000 equivalent in common shares of Cobalt 27 in exchange for granting Cobalt 27 a 3% net smelter return on sales of cobalt from the Ta Khoa concession. The price per common share will be equal to the price per common share offered by Cobalt 27 pursuant to its offering of common shares (the "Cobalt 27 Offering") under its preliminary prospectus dated April 21, 2017. Receipt of the common shares from Cobalt 27 as payment and the effectiveness of the NSR Agreement is dependent on certain matters being completed, including the receipt of material third party consents and the closing of the Cobalt 27 Offering, on or before September 30, 2017.

http://www.stockhouse.com/news/press-releases/2017/04/24/asi…

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Cobalt 27 Capital Corp.: 200 Mio. CAD Kobalt-Riese entsteht.

Im Markt für Batteriemetalle ist seit geraumer Zeit Bewegung. Während in den letzten 24 Monaten primär Lithium im Fokus der Promoter, Investoren und Banken stand, schickt sich nun Kobalt an, diese Rolle einzunehmen. Seit dem Spätsommer 2016 beobachten wir mehr und mehr Gesellschaften in diesem Sektor aufkommen (siehe auch Ausgabe 182). Ein neuer Player aus Kanada will jetzt die Vorreiterrolle einnehmen: Cobalt 27 Capital Corp.
Banken garantieren Finanzierung
KBLT (so lautet der Ticker an der Börse in Toronto) ist erst wenige Wochen alt und aus einem Aktienmantel hervorgegangen. Jüngst hat die Gesellschaft eine Kapitalmaßnahme in Höhe von 200 Mio. CAD (!) angekündigt. Investoren sollen keinen Zweifel daran haben, dass hier etwas Großen entstehen soll. Das Besondere an der Finanzierung ist, dass diese von drei Banken „underwritten“, also garantiert wird. Die Mittel fließen der Gesellschaft definitiv zu. Die Banken müssen jetzt Anleger finden, die ihr die Stücke abkaufen. Zur Preisfindung und subsequenten Platzierung geht man nun auf Road Show. Der CEO von KBLT ist übrigens ein alter Bekannter der Redaktion: Anthony Mileski. Er kommt vom Schweizer Investmenthaus Pala Investments und hat sich dort in den vergangenen Jahren intensiv mit dem Thema Kobalt und Batteriemetalle auseinandergesetzt. Wie wir wissen, hat Pala in den letzten Monaten bereits aktiv Kobalt am Markt in London eingekauft.
Drei Ansatzpunkte
Das übergeordnete Ziel von KBLT ist es übrigens, Anlegern eine Möglichkeit zu bieten, in ein reines Kobalt-Unternehmen zu investieren. Das Geschäftsmodell selbst wird auf drei Säulen stehen. Zum Einen plant man physisches Kobalt zu besitzen und zu lagern. Hierdurch soll das Risiko von Preisschwankungen und Explorationsmisserfolgen abgefedert werden. Hier liegt die Expertise von CEO Milewski. Für das zweite Standbein, Royalties und Streams, hat man sich einen Experten aus dem Hause Sandstorm Gold an Bord geholt, Justin Cochrane. Cochrane war dort als Leiter Business Development aktiv und an Royalty und Streaming-Verträgen im Umfang von rund 500 Mio. CAD beteiligt. Dieses Geschäft soll KBLT langfristig ein gewisses Grundrauschen bescheren. Das dritte Standbein wird sein, dass man selbst Projekt explorieren will. Mit John Kanellitsas, dem aktuellen Präsident von Lithium Americas und Dr. Jon Hykawy, hat man hier solide technische Expertise mit an Bord.


http://investor-magazin.de/2707cobalt-27-capital-corp-200-mi…

2 Antworten
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27.04.17 22:05:07
ISIN CA19075M1014
1 Antwort
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28.04.17 12:49:24
Antwort auf Beitrag Nr.: 54.823.654 von Sylt1204 am 27.04.17 21:42:40Vermisse Angaben über Kobaltvorkommen.

Diese erwähnten Mengen von Direktoren gibt mir keine Ignition, eher im Gegenteil.
Avatar
21.06.17 19:01:18
Antwort auf Beitrag Nr.: 54.823.822 von Sylt1204 am 27.04.17 22:05:07Cobalt 27 Capital Corp. Prices $200 Million Public Offering of Common Shares and Files Final Prospectus
TORONTO, ON--(Marketwired - June 16, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Cobalt 27 Capital Corp. (the "Company" or "Cobalt 27") (TSX VENTURE: KBLT) is pleased to announce that it has priced its public offering (the "Offering") of 22,222,225 post-consolidated common shares ("Shares") at a price of $9.00 per Share (the "Offering Price"). The $200 million Offering will consist of 10,924,420 Shares being sold for gross cash proceeds of $98,319,780, and 11,297,805 Shares being issued to acquire 1,205.6 tonnes of physical cobalt for a total cost of $101,680,245. Cobalt 27 has filed its final long form prospectus dated June 16, 2017 (the "Prospectus") with the securities commissions in each of the provinces and territories of Canada, except Québec, in connection with the Offering.
The Offering is being made through a syndicate of underwriters led by Scotia Capital Inc., Canaccord Genuity Corp., and TD Securities Inc. (the "Lead Underwriters") and includes BMO Nesbitt Burns Inc., GMP Securities L.P., Haywood Securities Inc., Cormark Securities Inc., Eight Capital, PI Financial Corp., Sprott Private Wealth Inc. and Numis Securities Inc., (collectively, with the Lead Underwriters, the "Underwriters"). The Company has entered into an underwriting agreement with the Underwriters for the Offering.
The Company has granted to the Underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days following the closing of the Offering, to purchase up to an additional 3,333,333 Shares at the Offering Price.
The Company has provided notice to each of the vendors of physical cobalt that the Company will be acquiring the full amount of cobalt previously optioned. Pricing under each contract ("Cobalt Contracts") has been established, and in aggregate the Company will be acquiring 2,157.5 tonnes of physical cobalt consisting of 1,486.5 tonnes of premium-grade cobalt and 671.0 tonnes of standard-grade cobalt. A total of 951.9 tonnes of cobalt are being acquired for cash consideration, with the balance of 1,205.6 tonnes of cobalt being acquired for Shares. An aggregate of 11,297,805 Shares will be issued to and held by the vendors of cobalt, which will represent approximately 47% of the Company's total issued and outstanding Shares upon closing of the Offering and the Cobalt Contracts.
The net proceeds realized from the Shares sold for cash will be used toward the acquisition of physical cobalt ($78,519,245), three years of expected general and administrative costs (expected to be approximately $2,000,000 per year), and a reserve to evaluate and acquire streams, royalties and direct interests in mineral properties containing cobalt.
Both the Offering and the purchase of physical cobalt under the Cobalt Contracts are expected to close concurrently on or about June 23, 2017, subject to customary closing conditions, including the receipt of all necessary regulatory approvals. The TSX Venture Exchange (the "TSXV") has conditionally approved the listing of the Shares being sold under the Offering. The Company's Shares will resume trading on the TSXV on closing of the Offering, on a post-consolidated basis. As a condition of undertaking the Offering, the Company's Shares will be consolidated on the basis of one new Share for every 20 shares previously outstanding immediately prior to closing. There will be a total of 23,881,394 Shares outstanding after closing of the Offering.
The Offering is only made by the Prospectus. The Prospectus contains important information about the securities being offered. Potential investors should read the Prospectus prior to making an investment decision. A copy of the Prospectus is available under the Company's profile on the SEDAR website at www.sedar.com.
About Cobalt 27 Capital Corp.
Cobalt 27 Capital Corp. is a minerals company that offers pure-play exposure to cobalt, an integral element in key technologies of the electric vehicle and battery energy storage markets. The Company intends to acquire and hold physical cobalt, as well as manage and grow a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt.
ON BEHALF OF COBALT 27 CAPITAL CORP.
Anthony Milewski
Chairman, CEO & Director
For further information please visit Cobalt 27's website at www.co27.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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06.08.17 17:51:54
1 Antwort
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11.11.17 23:42:42
Antwort auf Beitrag Nr.: 55.468.554 von Popeye82 am 06.08.17 17:51:54#ZukunftEMobilität#kobaltnickelbatterie#pala#cobalt27corp#rncminerals#gigametals#asianmineralresources

http://www.pala.com/images/media/60_Pala%20Press%20Release_N…


Der Kobaltmarkt war in den Jahren nach der globalen Finanzkrise von einem Überangebot gekennzeichnet, bevor die Batterie-Nachfrage zu einer Verknappung führte. Pala weitet den frühen Fokus auf Kobalt nun auf andere Bereiche aus. Denn die Batterietechnologie bewegt sich langsam in Richtung anderer Metalle. "Was heute Kobalt ist, könnte morgen auch Nickel sein", sagte Gill.

https://www.cash.ch/news/top-news/pala-investments-fonds-aus…
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30.11.17 10:35:49
gestern + 21%!!

:eek: :eek: :eek:
2 Antworten
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30.11.17 10:37:17
Antwort auf Beitrag Nr.: 56.321.243 von PIBO am 30.11.17 10:35:49
Zitat von PIBO: gestern + 21%!!

:eek: :eek: :eek:


Kurs aktuell: 13,07 CAD!!

https://de.advfn.com/borse/TSXV/KBLT/kurs
1 Antwort
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03.12.17 17:04:22
Antwort auf Beitrag Nr.: 56.321.264 von PIBO am 30.11.17 10:37:17Cobalt 27 to present at 2017 Scotia Mining Conference
TORONTO, ON --(Marketwired - December 01, 2017) - Cobalt 27 Capital Corp. (TSX VENTURE: KBLT) (FRANKFURT: 27O) is pleased to announce that, Anthony Milewski, Chairman, and Justin Cochrane, President & COO will be attending the Scotia Mining Conference in Toronto, Canada on December 5th and 6th, 2017. Mr. Milewski will be presenting during a panel discussion at 11:30am on December 6th, 2017.


Read more at http://www.stockhouse.com/news/press-releases/2017/12/01/cob…
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14.12.17 12:00:36
COO von "Cobalt 27" Justin Cochrane im Interview vom 12. Dezember 2017

http://aktien-boersen.blogspot.de/2017/12/coo-von-cobalt-27-…
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Nickel 28 (ehemals Conic Metals, davor Cobalt 27 Capital Corp.