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Cruz Capital sells Idaho cobalt asset to Scientific Metals

Cruz Capital Corp. said Oct. 6 that it has off-loaded one of its cobalt assets, divesting its stake in a Idaho cobalt firm to Scientific Metals Corp. in exchange for 2 million shares.

As reported earlier, the company also plans to split its shares on a 1-to-3 basis to increase liquidity. Subject to TSX Venture Exchange approval, the split will become effective Nov. 9.