02:50:46 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Pacific Rim Cobalt Corp
Symbol BOLT
Shares Issued 51,952,691
Close 2019-02-08 C$ 0.185
Market Cap C$ 9,611,248
Recent Sedar Documents

Pacific Rim arranges $1.26-million private placement

2019-02-08 16:34 ET - News Release

Mr. Ranjeet Sundher reports

PACIFIC RIM ANNOUNCES NON-BROKERED FINANCING

Pacific Rim Cobalt Corp. has arranged a non-brokered private placement of up to 10,541,667 units at 12 cents per unit for gross proceeds of up to $1,265,000. The company intends to use the net proceeds from the offering for drilling and exploration, metallurgy and processing testing, and general working capital purposes. The company may pay certain finders a fee for introducing eligible participants to the offering.

Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at price of 20 cents per common share until the date which is 12 months from the date of issuance, subject to accelerated expiry provisions. In the event the closing price of the company's common shares exceeds 30 cents per common share for a period of 10 consecutive trading days at any time, then, at the company's election, the 12-month period within which the warrants are exercisable will be reduced and the holders of the warrants will be entitled to exercise their warrants for a period of 30 days commencing on the day the company provides the acceleration notice via press release or written notice to all warrantholders. Any outstanding warrants not exercised during the acceleration period will expire on completion of the acceleration period.

All securities issued under the offering, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

About Pacific Rim Cobalt Corp.

Pacific Rim Cobalt is a Canadian-based exploration company focused on the acquisition and development of production-grade cobalt and nickel deposits, key raw material inputs for the growing lithium-ion battery industry.

We seek Safe Harbor.

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