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Cobalt Coal Corp. (CVE:CBT) announced its intention to offer a private placement to raise between $6 million and $8 million.
Cobalt Coal Corp. (TSXV:CBT) announced its intention to offer a private placement to raise between $6 million and $8 million.
The press release is quoted as saying:
Management has concluded that in order to rectify all impediments to profitability, all of the foregoing funding commitments must be satisfied and therefore a minimum financing condition of approximately $6,000,000 is required, subject to the discretion of management.
Click here to read the entire news release.
