NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Posted On: 04/18/2018 6:08:05 PM
NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Provides Update on US Cobalt Transaction
Cobalt exploration and development companies First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) and US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) this morning announced that US Cobalt has mailed its management information circular, relating voting materials and letters of transmittal to its shareholders in connection with the special meeting of US Cobalt security holders scheduled to take place on May 17, 2018. At the meeting, US Cobalt security holders will be asked to approve the previously announced plan of arrangement transaction pursuant to which First Cobalt will acquire all of the issued and outstanding shares of US Cobalt, with US Cobalt shares being exchanged on the basis of 1.5 First Cobalt common shares for each US Cobalt common share. If approved, the transaction is expected to be completed on or about May 28, 2018, subject to the receipt of final court approval and other regulatory approvals.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cobalt exploration and development companies First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) and US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) this morning announced that US Cobalt has mailed its management information circular, relating voting materials and letters of transmittal to its shareholders in connection with the special meeting of US Cobalt security holders scheduled to take place on May 17, 2018. At the meeting, US Cobalt security holders will be asked to approve the previously announced plan of arrangement transaction pursuant to which First Cobalt will acquire all of the issued and outstanding shares of US Cobalt, with US Cobalt shares being exchanged on the basis of 1.5 First Cobalt common shares for each US Cobalt common share. If approved, the transaction is expected to be completed on or about May 28, 2018, subject to the receipt of final court approval and other regulatory approvals.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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