![]() This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer or sale would be unlawful.įirst Cobalt's mission is to be a producer of diversified high-quality and sustainable battery materials for the North American battery supply chain. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. state securities laws, and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. The Company intends to use the aggregate net proceeds of the option exercise for capital expenditures associated with the expansion and recommissioning of its wholly-owned hydrometallurgical refinery located in Ontario, Canada (the " Refinery"), including buildings, equipment, infrastructure, and other direct costs, as well as engineering and project management costs. This is a great vote of confidence in the team's ability to create long-term shareholder value as we continue to move our refinery project forward toward commissioning, set for Q4'2022 at which point we'll be North America's only source of high-quality, sustainable and traceable battery grade cobalt sulfate", said Chief Financial Officer, Ryan Snyder. The offering of Notes was led by Cantor Fitzgerald & Co., as sole placement agent.įor additional information with respect to the Notes and the terms thereof, refer to the Company's news releases dated August 23, August 24, and September 3, 2021, the Company's material change report dated September 2, 2021, and the indenture governing the Notes, each of which is publicly available under the Company's SEDAR profile at "We are happy to have the continued support from the Noteholders. The additional Notes are expected to be issued on October 22, 2021. Pursuant to subscription agreements entered into between the Company and each investor on Augwith respect to the Notes, each investor had the right to subscribe for additional Notes, pro rata, for an aggregate additional principal amount of up to US$7.5 million.
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