Primary Cobalt Corp. (“Company”)
The common shares of the Company (the “Shares”) were listed on the CSE on March 7, 2018.
Closing of $460,000 Offering (“Offering”) on March 8, 2018
Pursuant to the Company’s prospectus dated February 9, 2018 (the “Prospectus”) for an initial public offering, 4,600,000 Shares at a price of $0.10 per Share were issued on March 8, 2018 (the “Closing Date’). The Company’s agent, Haywood Securities Inc. (the “Agent”) was also issued 100,000 Shares as partial payment of the corporate finance fee. The Company also issued 380,000 compensation options to the Agent and 80,000 compensation options to another investment dealer, at a price of $0.10 per Share for a period expiring 24 months from the Closing Date. Any Shares issued upon exercise of 100,000 of the compensation options issued to the Agent will be subject to a hold period expiring July 9, 2018.
The Shares will commence trading on the CSE on March 9, 2018.
The complete details of the Offering and the business of the Company are described in the Company’s Form 2A Listing Statement dated March 1, 2018 which has been posted on the CSE website and SEDAR.
On behalf of Primary Cobalt Corp.
Chief Executive Officer