Global Cobalt Grants Extension to Standstill Agreement for Karakul

 Global Cobalt (TSXV:GCO) has granted an extension to its standstill agreement with Imperial Mining Holding regarding its option in the Karakul Cobalt property in Russia.

As quoted in the press release:

As previously announced on November 3rd, 2014, the Standstill Agreement entered into with IMHL has been amended to now remain in effect until at least March 31st, 2015 in order for IMHL to engage in settlement negotiations with respect to title for Karakul and to allow IMHL and Global Cobalt to enter into amendments to the Option and Loan Agreements.

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