NetworkNewsBreaks – US Cobalt Inc. (TSX.V: USCO)
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Posted On: 05/18/2018 7:14:28 PM
NetworkNewsBreaks – US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) Shareholders Vote to Approve Acquisition by First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF)
Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) shareholders have overwhelmingly approved the previously announced acquisition by First Cobalt. Per the update, US Cobalt shareholders, warrant holders and option holders voted 99.87 percent in favor of the transaction, with 35.92 percent of eligible votes cast. “On behalf of the Board and management, I look forward to welcoming our new US Cobalt shareholders,” Paul Matysek, chairman of First Cobalt, stated in the news release. “Our vision is to create the largest North American pure-play exploration and development company in the world. With this acquisition, we have an opportunity to fast track the Iron Creek Cobalt project into one of the first producing cobalt mines this century.” Subject to regulatory and government approvals, the US Cobalt acquisition is expected to be completed on or about May 31, 2018.
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 company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) shareholders have overwhelmingly approved the previously announced acquisition by First Cobalt. Per the update, US Cobalt shareholders, warrant holders and option holders voted 99.87 percent in favor of the transaction, with 35.92 percent of eligible votes cast. “On behalf of the Board and management, I look forward to welcoming our new US Cobalt shareholders,” Paul Matysek, chairman of First Cobalt, stated in the news release. “Our vision is to create the largest North American pure-play exploration and development company in the world. With this acquisition, we have an opportunity to fast track the Iron Creek Cobalt project into one of the first producing cobalt mines this century.” Subject to regulatory and government approvals, the US Cobalt acquisition is expected to be completed on or about May 31, 2018.
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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