Cobalt 27 Capital Corp. will undertake a private placement with a group of investors to raise gross proceeds of up to C$130 million.
The company will issue up to 11.4 million shares at C$11.40 apiece, it said March 1.
The proceeds will be used by the company to fund the acquisition of cobalt-related streams and royalties, and for general corporate purposes.
The financing is expected to close by March 9.
