First Cobalt Completes Acquisition of US Cobalt

Jun. 04, 2018 08:55AM PST

First Cobalt is pleased to announce the completion of the previously announced acquisition of US Cobalt by way of plan of arrangement.

First Cobalt (TSXV: FCC; ASX: FCC; OTCQX: FTSSF) is pleased to announce the completion of the previously announced acquisition of US Cobalt by way of plan of arrangement. US Cobalt shareholders will receive 1.5 common shares of First Cobalt for each US Cobalt share held and US Cobalt has become a wholly-owned subsidiary of First Cobalt.

As quoted in the press release:

“Garett Macdonald’s extensive experience as a mine developer is a welcome addition to the board of First Cobalt as we move to fast track activities at the Iron Creek Project in Idaho and leverage synergies with First Cobalt’s refinery inOntario. I am pleased to welcome him to the board and I look forward to his input on strategy and execution,” Trent Mell, president and CEO, said.

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