TORONTO, Oct. 9, 2019 /CNW/ - Cobalt 27 Capital Corp.
(TSXV: KBLT) (OTCQX: CBLLF) (FRA: 270) ("Cobalt 27" or the
"Company") announces today that in connection with the
previously announced plan of arrangement (the "Arrangement")
among Cobalt 27, Pala Investments Limited and 1212771 B.C. Ltd, the Company hereby provides
notice that the Company's application for a final order (the
"Final Order") approving the Arrangement and declaring it to
be fair and reasonable to shareholders of the Company will be heard
on October 16, 2019 at 9:45 a.m. (Vancouver time) at the courthouse at 800
Smithe Street, Vancouver, British
Columbia, V6Z W31.
Shareholders and incentive security holders of the Company are
hereby notified that should they wish to be heard at the hearing of
the application for the Final Order or wish to be notified of any
further proceedings, they must file a form entitled "Response to
Petition" together with any evidence or materials on which they
intend to rely at the Vancouver Registry of the Supreme Court of
British Columbia and must also
deliver a copy of the Response to Petition and any other evidence
or material to the Company's address for delivery, on or before
4:00 p.m. (Vancouver time) on October 9, 2019. For additional information on
the supplemental order, which was granted on September 17, 2019, see Cobalt 27's supplement
dated October 3, 2019 to the
Company's management information circular dated August 13, 2019, which is available under the
Company's profile on SEDAR at www.sedar.com.
About Cobalt 27
Cobalt 27 Capital Corp. is a leading battery metals streaming
company offering exposure to metals integral to key technologies of
the electric vehicle and energy storage markets. Cobalt 27 holds an
8.56% joint venture interest in the long-life, world-class Ramu
operation which currently delivers near-term attributable nickel
and cobalt production. Cobalt 27 also manages a portfolio of 11
royalties. Cobalt 27 also owns physical cobalt and a cobalt stream
on the Voisey's Bay mine.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes
'forward-looking statements' and 'forward-looking information'
within the meaning of applicable Canadian securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "potential",
"believe", "intend" or the negative of these terms and similar
expressions. Forward-looking statements in this news release
include, but are not limited to statements with respect to: the
proposed Arrangement and the timing and expectations with respect
to the granting of the Final Order. In particular, there can be no
assurance that the Arrangement will be completed. Readers are
cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements involve known and unknown
risks and uncertainties, most of which are beyond the Company's
control. For more details on these and other risk factors see the
Company's Management Information Circular dated August 13, 2019, and as supplemented on
October 3, 2019, on file with
Canadian securities regulatory authorities on SEDAR at
www.sedar.com under the heading "Risk Factors". Should one or more
of the risks or uncertainties underlying these forward-looking
statements materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results,
performance or achievements could vary materially from those
expressed or implied by the forward-looking statements.
The forward-looking statements contained herein are made as of
the date of this release and, other than as required by applicable
securities laws, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. The
forward-looking statements contained in this release are expressly
qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No securities regulatory authority has
either approved or disapproved of the contents of this news
release.
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SOURCE Cobalt 27 Capital Corp