trending Market Intelligence /marketintelligence/en/news-insights/trending/qohEf1xlNtGzJ7cz-g5lug2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Arak Resources to rebrand as Cobalt 27 Capital


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021


Q&A: Data That Delivers - Automating the Credit Risk Workflow


Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1

Arak Resources to rebrand as Cobalt 27 Capital

Arak Resources Ltd. said March 31 that it plans to change its name to Cobalt 27 Capital Corp. to reflect its new strategy to search for new opportunities in the battery metals sector.

The company is also planning to undertake a 3-for-1 forward stock split. The company will have 33,048,381 shares outstanding following the forward split.

Additionally, warrant holders of the company exercised 4,898,000 warrants at 18 Canadian cents apiece for C$881,640 in funds.

The name change and forward split are subject to approval from the TSX Venture Exchange.