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Global Cobalt Corp.’s (TSXV:GCO) previously announced financing has been oversubscribed, and the Company announced an increase in the size of the offering to issue up to a total of 11,250,000 Units at a price of $0.20 per Share to raise gross proceeds of up to $2,250,000.
As quoted in the press release:
It is expected that insiders of Global Cobalt including their largest shareholder, Imperial Mining Holding Limited, (“IMHL”) will be subscribing for Shares in the Offering on the same terms as arm’s length investors. IMHL shareholders include the European Bank for Reconstruction and Development, amongst others.
Click here to read the Global Cobalt Corp. (TSXV:GCO) press release
Click here to see the Global Cobalt Corp. (TSXV:GCO) profile.
