ESI Energy Services closed $10M financing with Yorktown Energy Partners XI, L.P. and made $10M required payment to Battery Mineral Resources Limited under an early stage Process Facility and Cobalt Supply Agreement for BMR’s cobalt-focused mineral exploration claims located in Ontario.
Pala Investments Limited acquired 873,762 common shares of Cobalt 27 Capital Corp. (TSX-V: KBLT) for cash consideration of $8,519,179.50, part of Cobalt 27’s bought deal of 30,800,000 common shares closed on June 27, 2018 for $300 million
Largo Resources (TSX: LGO; OTCQB: LGORF) launched and priced private note offering totaling US $150M in aggregate principal amount. The senior secured notes are due in 2021, callable in years 2 and 3, and carry a coupon of 9.25%
US Cobalt (TSX-V: USCO; OTCQB: USCFF) approved the acquisition by First Cobalt (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) with shareholders, warrant holders and option holders voted 98.87% in favour of the transaction, with 35.8% of eligible votes cast.
Cobalt Blockchain Inc. (TSX-V: COBC) engaged IBK Capital Corp. for a private placement of up to 12M common shares at $0.25 per share for gross proceeds of up to $3M
Cobalt 27 Capital (TSX-V: KBLT; FSE: 27O) entered into a US $80M revolving term credit facility led by National Bank of Canada with a syndicate including Bank of Montreal and The Bank of Nova Scotia
Frontier Lithium (TSX-V: FL) intends to close non-brokered private placement of 5,000,000 units at $0.40 per unit for gross proceeds of $2,000,000.
Power Americas Minerals (TSX-V: PAM) closed brokered private placement of 6,666,666 FT shares at $0.15 and 11,216,666 NFT units at $0.15 for aggregate gross proceeds of $2,682,500. Canaccord Genuity Corp. and Gravitas Securities Inc. co-led the offering
Plateau Energy Metals (TSX-V: PLU; OTCQB: PLUUF; FSE: QG1) intends to close a non-brokered private placement of units at $0.60 per unit for gross proceeds of up to $2.0 million
Stina Resources (CSE: SQA; OTCQB: STNUF; FSE: 01X) invested US $1.95M in Braggawatt Energy, an online financing platform that allows corporations and not-for-profit organizations to effectively adopt cost-saving onsite energy solutions.