Mr. Marc Bamber reports
CASTLE EAST SILVER DISCOVERY PROMPTS PROPOSED NAME CHANGE FOR CANADA COBALT
A special meeting of Canada Cobalt Works Inc.'s shareholders will be held on May 7, 2020, in order to change the company's name to Canada Silver Cobalt Works Inc. The CCW trading symbol will remain the same.
The name change is subject to a special resolution that requires the approval of at least 66 per cent of the votes cast by shareholders present in person or represented by proxy at the May 7 meeting.
Marc T. Bamber, a Canada Cobalt director, commented: "Given the growing significance of the high-grade silver discovery at Castle East, in the heart of a robust past-producing primary silver camp with cobalt as an important byproduct, making silver part of the full company name is a necessary step. It will help put CCW on a lot more radar screens among silver-focused investors at a time when the outlook for silver couldn't be better, in management's view, given current levels and global developments.
"Concurrently, Canada Silver Cobalt Works also reflects our competitive advantage in the cobalt space and the fact we are now vertically integrated with a processing facility in the town of Cobalt. The CCW stock symbol, integral to the brand, will not change. There will be a minor adjustment to the logo and a significant revamping of the website. In addition, we're exploring the possibility of a listing on the London Stock Exchange."
About Canada Cobalt Works Inc.
Canada Cobalt's flagship Castle mine and 78-square-kilometre Castle property feature strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific, past-producing Gowganda high-grade silver district of Northern Ontario.
We seek Safe Harbor.
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