CSK.V Last: $0.165 Change: +0.010

CobalTech Mining Inc. is a cobalt exploration company with assets in Cobalt, Ontario, Canada. The Company owns a strategically located land package in the heart of Cobalt, Ontario, in an area known for its geological setting responsible for unique mineralization composed of quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic. To date over 460 million ounces of silver have been produced from the Cobalt mining camp.

Proposed Merger with First Cobalt

On June 23, CobalTech signed a binding letter of intent pursuant to which First Cobalt Corp. intends to acquire all of the issued and outstanding common shares of CobalTech by way of a court approved plan of arrangement. Under the terms of the planned arrangement, CobalTech shareholders will receive 0.2632 of a First Cobalt common share representing the equivalent of $0.20 per CobalTech share. The combined company should have greater liquidity, a larger capital markets profile and increased access to capital. First Cobalt has assets in the Cobalt, Ontario mining camp and in the Congo. Completion of the arrangement is subject to a number of conditions, including the entering into of a definitive agreement, approval by the shareholders of CobalTech and receipt of all required regulatory approvals including the approval of the TSXV. The arrangement can not close until these conditions are satisfied and the required approvals are obtained.


Jun 26, 2017

TORONTO, ON — (June 26, 2017) – First Cobalt Corp. (“First Cobalt”) (TSX-V: FCC, OTC: FTSSF) and CobalTech Mining Inc. (“CobalTech“) (TSX-V: CSK) are pleased to announce that following the non-binding letter of intent announced on June 21, 2017, both parties subsequently signed a binding letter of intent on June 23, 2017, pursuant to which […]

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Jun 21, 2017

TORONTO, ON — (June 21, 2017) – First Cobalt Corp. (TSX-V: FCC, OTC: FTSSF) (the “Company”) is pleased to announce it has entered into a non-binding letter of intent (“LOI”) to acquire all of the issued and outstanding shares of CobalTech Mining Inc. (TSX.V:CSK), an arm’s length party, through a negotiated share exchange transaction. CobalTech […]

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