Puget Signs Definitive Agreement to Acquire Primary Cobalt Assets

Puget Ventures Inc.(TSXV:PVS) reports on its definitive agreement to acquire Primary Cobalt assets  in Russia.

The press release is quoted as saying:

Subject to shareholder and other approvals for the all-stock transaction (“Proposed Transaction”), Vancouver, Canada-based Puget Ventures Inc. (“Puget Ventures”) will be renamed Global Cobalt Corporation. The newly named company will continue to be headquartered in Vancouver.

President & CEO of Puget Ventures, Erin Chutter says:

“The signing of the definitive agreement and the undertaking of the financing in connection with this Proposed Transaction launch Global Cobalt Corp. as a significant future cobalt producer on the world stage.”  “Global Cobalt’s experienced management team and directors have strong relationships around the globe, particularly in the Altai Republic of Russia. The cobalt asset in Russia is of a size and scale to make it potentially one of the largest-known primary sources of cobalt, outside of Africa.”

Click here to access the entire news release.

Click here to access Puget Ventures’ company profile.