|Delayed - 01/15 03:59:48 pm|
First Cobalt Down 6.1% as it Boost Size of Share-Unit Bought Deal to C$8.5 Million
|01/14/2021 | 12:17pm|
The company said it will now sell a group of underwriters 27.42 million units, with each priced at C$0.31 and made up of a share and one half of a two-year warrant to buy a second share for C$0.50.
"The company intends to use the net proceeds of the offering for the advancement of the First Cobalt Refinery and for general corporate purposes," it said in a release.
The offering is expected to close on Jan.21.
First Cobalt shares were last seen down C$0,02 to C$0.31 on the TSX Venture Exchange.
Price: 0.31, Change: -0.02, Percent Change: -6.06