Cruz Capital Closes On Six Cobalt Prospects In Canada

Cruz Capital Corp (TSXV:CUZ, BKTPD—USA, A2AG5M–Germany) has now closed on a share purchase agreement with Cobalt Locaters Inc. The assets of Cobalt Locaters consist of six separate cobalt prospects. Four are located in Ontario and two are in British Columbia. Cruz will now hold seven separate cobalt prospects in Canada.
Jim Nelson, president of Cruz Capital, stated: “We are pleased to have closed this acquisition. This now gives Cruz Capital seven separate cobalt assets within Canada. Management feels that cobalt will receive an increased focus in the future and our corporate goal is to be global leader in this burgeoning sector. Cobalt prices continue to show strength and have just closed at a new six-month high.”
Cruz Capital currently now has 8,075,582 shares outstanding.
The acquisition terms to acquire Cobalt Locaters were cash of $20,000 and the issuance of 1.6 million shares of the company to four arm’s-length parties. Cruz’s two British Columbia properties are 100 per cent owned and the four Ontario prospects are 50 per cent owned.
Connect with  Cruz Capital Corp (TSXV:CUZ, BKTPD—USA, A2AG5M–Germany) to receive an Investor Presentation.