Primary Cobalt Corp. has filed its final prospectus in connection with its proposed initial public of offering of 4,000,000 common shares at $0.10 per share for gross proceeds of $400,000.
The Canadian Securities Exchange (CSE) has conditionally approved the listing of Primary Cobalt hares on the CSE.
Haywood Securities Inc. acts as agent for the offering. Joanne McClusky, Barrister & Solicitor, and McCullough O’Connor Irwin LLP are acting legal counsel to Primary Cobalt and the agent respectively.
Primary Cobalt is a mineral resource company engaged in the acquisition, exploration and development of mineral resource properties. Primary Cobalt’s sole mineral resource property interest at the present time is the RD Cobalt Property located near Hazelton, in west central British Columbia, on which Primary Cobalt has an agreement to acquire a 100% interest pursuant to the RD property agreement.
Primary Cobalt’s management and board consist of Patrick Morris – CEO, director, Kenneth Phillippe – CFO and Corporate Secretary, Hubert Barry Hemsworth – director, Harold Davidson – director, John Michel Mackey – director.
Upon closing of the offering, Primary Cobalt will have 19,710,001 shares issued and outstanding. Insiders will continue to control 19.28% of the total outstanding common shares.
Incorporated on July 15, 2010 and formerly known as Media Link Technology Corporation, Media Cloud Systems Inc., BEGO Advanced Materials Inc., Primary Cobalt changed to current name on January 26, 2017.
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