NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) to Move Forward with Merger Following Vast Approval by Cobalt One (ASX: CO1) Shareholders
Cobalt exploration and development company, First Cobalt (TSX.V: FCC) (OTCQB: FTSSF), this morning announced that the company’s proposed merger has been overwhelmingly approved by Cobalt One Ltd. (ASX: CO1) shareholders with 99.995% of votes cast in favor of the deal. The combined company’s portfolio will consist of high quality exploration assets in the Cobalt Camp in Canada as well as the sole permitted cobalt refinery in North America designed to produce battery materials. Upon completion of the merger, First Cobalt’s board of directors will be reconstructed to include First Cobalt founder Bob Cross, Cobalt One chairman Paul Matysek and Cobalt One Executive Director Jason Bontempo. The merger has been granted Australian court approval and trading of Cobalt One shares on the ASX is expected to stop as of November 21, 2017, pending the close of the transaction. Subject to regulatory approval, First Cobalt is expected to trade on the ASX under the ticker FCC on a deferred settlement basis effective November 22, 2017. "We are one step closer to creating the largest pure play cobalt company in the world. We look forward to seeing First Cobalt shares trade on the ASX, as this dual listing will bring a much larger shareholder base and added liquidity," First Cobalt president and chief executive officer Trent Mell stated in the news release.
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Cobalt exploration and development company, First Cobalt (TSX.V: FCC) (OTCQB: FTSSF), this morning announced that the company’s proposed merger has been overwhelmingly approved by Cobalt One Ltd. (ASX: CO1) shareholders with 99.995% of votes cast in favor of the deal. The combined company’s portfolio will consist of high quality exploration assets in the Cobalt Camp in Canada as well as the sole permitted cobalt refinery in North America designed to produce battery materials. Upon completion of the merger, First Cobalt’s board of directors will be reconstructed to include First Cobalt founder Bob Cross, Cobalt One chairman Paul Matysek and Cobalt One Executive Director Jason Bontempo. The merger has been granted Australian court approval and trading of Cobalt One shares on the ASX is expected to stop as of November 21, 2017, pending the close of the transaction. Subject to regulatory approval, First Cobalt is expected to trade on the ASX under the ticker FCC on a deferred settlement basis effective November 22, 2017. "We are one step closer to creating the largest pure play cobalt company in the world. We look forward to seeing First Cobalt shares trade on the ASX, as this dual listing will bring a much larger shareholder base and added liquidity," First Cobalt president and chief executive officer Trent Mell stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
