Cobalt 27 Capital Corp. raised gross proceeds of C$200.1 million after completing a private placement of common shares.
The Toronto-based minerals company issued 17,556,828 common shares priced at C$11.40 apiece. Net proceeds will be used to fund the acquisition of cobalt-related streams and royalties, and for general corporate purposes.
The offering initially aimed to raise gross proceeds of up to C$130 million. It was upsized to up to C$185 million days before the offering's completion.
