Cobalt 27 Announces Results of Annual General and Special Meeting of Shareholders and Appointment of Philip Williams to the Board of Directors

TORONTO, August 14, 2018 /PRNewswire/ --

TSX Venture:  KBLT
FRA:  27O 

Cobalt 27 Capital Corp. ("Cobalt 27" or the "Company") (TSXV: KBLT)(FRA: 27O) announces the voting results for the election of its Board of Directors, which took place at the Company's Annual General and Special Meeting of shareholders, held August 14, 2018 in Toronto, Ontario.  The number of directors was set at seven and all of the nominees listed in the management proxy circular dated July 6, 2018, were elected as directors of Cobalt 27, at the meeting. Detailed results of the votes are set out below:

                                            Outcome of the Vote
                                                                          
                                          Votes for  Votes for        Votes        Votes    
                                                (#)        (%)   withheld(#)  withheld(%)
    Anthony Milewski          Elected    31,514,121     97.82%       703,588       2.18%
    Justin Cochrane           Elected    32,071,249     99.55%       146,460       0.45%
    Nicholas French           Elected    31,669,755     98.30%       547,954       1.70%
    Frank Estergaard          Elected    31,667,708     98.29%       550,001       1.71%
    John Kanellitsas          Elected    31,671,640     98.31%       546,069       1.69%
    Candace MacGibbon         Elected    32,172,395     99.86%        45,314       0.14%
    Philip Williams           Elected    32,070,324     99.54%       147,385       0.46%

Mr. Philip Williams, who was newly elected to the Board of Directors of Cobalt 27, brings more than 15 years of mining and finance industry experience.  His diverse work experience includes roles in corporate development, as a sell-side research analyst, in fund management and most recently as managing director of investment banking focused on the metals and mining sector. In each of these roles, he focused a significant amount of time on the exploration industry.

As a research analyst at Westwind Partners, Mr. Williams worked with a team that covered a range of commodities including precious and base metals, diamonds and uranium.  In late 2008, he joined Pinetree Capital, a natural resource focused investment fund, in the role of VP Business Development.  During his time there, he was responsible for analyzing and monitoring investments and was also appointed to the board of directors of several investee companies.  In 2012, he joined Dundee Capital Markets (now Eight Capital) in the investment banking group.  As a Managing Director, he successfully completed equity financings across a wide range of commodities and was a named advisor on multiple M&A transactions.  Mr. Williams is a Chartered Financial Analyst and holds a Bachelor of Commerce Degree.