Cobalt Blockchain Inc. is pleased to announce that it is proceeding with a private placement offering through the issuance of units at a price of $0.05 per Unit for a gross proceeds of up to $3,000,000. Each Unit to be issued pursuant to the Offering consists of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one additional Common [...]
Cobalt Blockchain Inc. is pleased to announce that it has closed its previously announced private placement offering through the issuance of 4,526,734 units at a price of $0.15 per Unit for a gross proceeds of $679,010.10. Each Unit issued pursuant to the Offering consisted of one common share in the capital of the Company and one half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to [...]
Cobalt Blockchain Inc. is pleased to announce announced that it has today closed the first tranche of its previously announced private placement offering through the issuance of 4,333,333 units at a price of $0.15 per Unit for a gross proceeds of $650,000. Each Unit issued pursuant to the Offering consists of one common share in the capital of the Company and one half of one Common Share purchase warrant . Each Warrant [...]
Cobalt Blockchain Inc. is pleased to announce that it has engaged IBK Capital Corp. , to sell, by way of a private placement on a best efforts basis, units of the Company at a price of $0.15 per Unit for gross proceeds of $1,500,000 . Each Unit issued pursuant to the Offering will consist of one common share in the capital of the Company and one half of one Common Share purchase warrant . Each Warrant entitles the holder [...]
Cobalt Blockchain is pleased to provide a corporate update related to progress on the Company's cobalt project in the Democratic Republic of the Congo including: Status of the DRC copper / cobalt joint venture properties; Commissioning study on the DRC cobalt hydroxide plant; Renewal of offer for US$10M credit facility; Trading on the OTCQB Venture Market; and, Conferences and events. DRC Copper / Cobalt Joint Venture [...]
Cobalt Blockchain Inc. announces that it has terminated its Letter of Intent dated September 29, 2017 with Noble Mineral Exploration Ltd. with respect to Noble's Dargavel Township property . On August 27, 2018 Noble announced that it would be unable to provide geological information on its property in the near future. Accordingly, COBC terminated the Letter of Intent. About Cobalt Blockchain Inc. Cobalt Blockchain Inc[...]
Cobalt Blockchain Inc. is extending its previously announced brokered equity private placement of up to 12 million common shares at a price of 25 cents per common share, for gross proceeds of up to $3-million. In connection with the private placement, the company has agreed to pay IBK Capital Corp. a cash commission equal to 8 per cent of the amount raised and broker warrants equal to 10 per cent of the number of common [...]
Cobalt Blockchain Inc. and Traxys Europe S.A. are pleased to announce that they have signed a letter of intent on August 6, 2018 to establish a commercial partnership with respect to the Traxys-owned cobalt hydroxide plant in Lubumbashi, Democratic Republic of the Congo . Highlights of the LOI include: A 10-year joint venture agreement with respect to leasing and operating the Plant ; A US$30 million trade finance [...]
Release of Mintrax, a comprehensive blockchain solution for secure, transparent, and immutable provenance end-to-end through the mineral supply chain TORONTO, Aug. 2, 2018 /CNW/ - Cobalt Blockchain Inc. and DLT Labs Inc. are pleased to announce that they have finalized their joint venture agreement to commercialize MintraxTM, a fully-functional blockchain platform providing secure and transparent methods for tracking the [...]
TORONTO, Aug. 1, 2018 /CNW/ - Cobalt Blockchain Inc. is extending its previously announced brokered equity private placement of up to 12 million common shares at a price of 25 cents per common share, for gross proceeds of up to $3-million. Use of proceeds from the private placement include establishment of cobalt trading operations, initial cobalt concentrate purchases, mineral processing equipment, transaction costs [...]
TORONTO, July 25, 2018 /CNW/ - Cobalt Blockchain Inc. is pleased to announce that it has received final approval for its application for a cobalt and copper license in the Democratic Republic of the Congo . The federal Ministry of Mines today certified the license application, renewable after two years, based on the Company's submissions and the provincial approval from DRC authorities in Lualaba and Haut-Katanga [...]
TORONTO, June 14, 2018 /CNW/ - Cobalt Blockchain Inc. is pleased to announce that it has signed a letter of intent for a US$10 million revolving trade finance facility with United Bank for Africa Plc , a leading pan-African financial services group with operations in 20 African countries and offices in three global financial centers of London, Paris and New York. COBC will be using the trade finance facility for the [...]