Primary Cobalt Corp. Announces The Signing of a Letter of Intent Regarding an Option to Aquire up to an 85% Interest in Two Cobalt and Two Vanadium Properties in Spain
Primary Cobalt (CSE:PRIM) (“Primary” or the “Company”). Further to the Company’s news release of May 8, 2018 regarding Four Spanish Permits, the Company has arranged a non-arms length loan from a private company owned by the the CEO of Primary (the “Lender”), in the amount of $46,603.65 to be used to pay for Exclusive Research Permits.
Primary Cobalt (CSE:PRIM) (“Primary” or the “Company”). Further to the Company’s news release of May 8, 2018 regarding Four Spanish Permits, the Company has arranged a non-arms length loan from a private company owned by the the CEO of Primary (the “Lender”), in the amount of $46,603.65 to be used to pay for Exclusive Research Permits. The loan is to be replaced on the earlier of six months or the next round of found raising by the Company. Interest is 10% and the Lender will receive 88,769 bonus shares at a deemed price of $0.105 per share.
ON BEHALF OF THE BOARD OF DIRECTORS /s/ Patrick Morris President
Patrick Morris, CEO
Telephone: +1 778-735-1000
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Click here to connect with Primary Cobalt (CSE:PRIM) for an Investor Presentation.