eCobalt Announces Filing of Preliminary Base Shelf Prospectus

eCobalt Solutions (TSX: ECS; OTCQB: ECSIF) (the “Company” or “eCobalt”) today announced that it has filed a preliminary short form base shelf prospectus with the Securities Commissions in each of the provinces of Canada except Quebec.
As quoted in the press release:

Upon a final short form base shelf prospectus (the “Shelf Prospectus”) becoming effective, these filings will, subject to securities regulatory requirements, allow the Company to make offerings of up to $100,000,000 of common shares, preference shares, debt securities, warrants, subscription receipts, units, or any combination of such securities (all of the foregoing, collectively, the “Securities”) during the 25-month period that the Shelf Prospectus is effective. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement (“Prospectus Supplement”) and, subject to applicable regulations, may include ‘at-the-market’ transactions, private placements, public offerings or strategic investments.
Unless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of Securities for cash will be used to complete the development of the Idaho Cobalt Project for commercial production and general corporate purposes including working capital, funding ongoing operation and/or capital requirements, reducing the level of indebtedness outstanding from time to time, discretionary capital programs, exploration and development of additional properties or interests (direct or indirect) therein, and potential future acquisitions.

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