The TSX Venture Exchange has accepted for filing documentation in connection with an asset purchase agreement dated Jan. 8, 2020, between Canada Cobalt Works Inc. and Polymet Resources Inc. whereby Canada Cobalt has acquired the assets of Polymet that includes the assay laboratory and bulk sampling plant. Consideration is 690,409 units where each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable into a common share at 50 cents per share for a two-year period. In addition, the company will assume the outstanding liabilities of Polymet of approximately $339,315.95.
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