Conic Metals Corp. announced today the appointment of Maurice J. Swan to the board of directors of the Company and the retirement of Mr. Nicholas French from the Board of Directors, effective immediately. "We are excited to welcome Maurie Swan to the Board of Directors" commented Justin Cochrane, Conic's President & Chief Executive Officer. "His extensive background in legal and corporate governance matters, coupled with [...]
Conic Metals Corp. confirms that it has been notified by majority-owner and operator Metallurgical Corporation of China Limited, that processing at the Ramu Process Facility resumed over 2 weeks ago after a short suspension to undertake remedial works, as was previously reported by the Company. The suspension of activities was not the result of an environmental investigation as incorrectly reported by some media outlets [...]
Conic Metals Corp. is pleased to announce its creation as part of the completed plan of arrangement under the Business Corporations Act between Cobalt 27 Capital Corp. and Pala Investments Limited on October 25, 2019. Conic is a base metals company offering direct exposure to nickel and cobalt, both being critical to electric vehicles and energy storage systems. Pursuant to the Arrangement, Cobalt 27 has transferred [...]
Cobalt 27 Capital Corp. and Pala Investments Limited are pleased to announce the completion of the previously-announced plan of arrangement under the Business Corporations Act which provided for the acquisition by Pala of 100% of Cobalt 27's issued and outstanding common shares, and the creation of Conic Metals Corp. The Arrangement was approved by Cobalt 27's shareholders at an annual general and special meeting held on [...]
Cobalt 27 Capital Corp. is pleased to announce that it expects the completion of the previously-announced plan of arrangement under the Business Corporations Act to occur during the morning of October 25, 2019. The Arrangement provides for the acquisition by Pala of 100% of Cobalt 27's issued and outstanding common shares, and the creation of a new company, Nickel 28 Capital Corp., that has been renamed as Conic Metals [...]
Cobalt 27 Capital Corp. announced today that the Supreme Court of British Columbia issued a final order approving the previously-announced statutory plan of arrangement under the Business Corporations Act pursuant to which Pala Investments Limited will acquire 100% of Cobalt 27's issued and outstanding common shares. Under the Arrangement, each Cobalt 27 shareholder will receive C$4.00 in cash plus one share of [...]
Cobalt 27 Capital Corp. today announces it has filed a management information circular for the annual general and special meeting of shareholders of the Company to be held in connection with the proposed acquisition of Cobalt 27 by Pala Investments Limited by way of a plan of arrangement . Under the Arrangement, Pala would indirectly acquire 100% of Cobalt 27's issued and outstanding common shares for C$5.75 per common [...]
Cobalt 27 Capital Corp. and Pala Investments Ltd. are pleased to announce that they have entered into an agreement pursuant to which Pala will acquire 100% of Cobalt 27's issued and outstanding common shares, other than the approximately 19% that Pala already owns, for total consideration of approximately C$501 million on a 100% basis. Under the terms of the transaction Cobalt 27 shareholders will receive C$5.75 per [...]
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