CPE Media News (11/9/2018) – Pala Investments Limited has acquired an additional 1,300,000 common shares of Cobalt 27 Capital Corp. (TSX-V: KBLT) at prices of $6.60 and $6.70 per common share for an aggregate purchase price of $8,640,000 over the facilities of the TSX.
Pala now holds 9,776,582 common shares representing a security holding percentage of approximately 11.53%, an increase in its security holding percentage of approximately 1.53%
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News Release
PALA INCREASES INVESTMENT IN COBALT 27
TORONTO, ONTARIO – November 9, 2018 – Pala Investments Limited (“Pala”), a multistrategy investment company focused on the mining and metals value chain, announced today it has increased its investment in Cobalt 27 Capital Corp. (TSXV: KBLT) (“Cobalt 27”). Pala has acquired an additional 1,300,000 common shares of Cobalt 27 at prices of $6.60 and $6.70 per common share for an aggregate purchase price of $8,640,000 over the facilities of the TSX.
Immediately prior to the acquisitions, Pala held 8,476,582 common share security holding a security holding percentage of approximately 9.99% (based on 84,815,780 common shares outstanding). Pursuant to the acquisitions, Pala acquired 1,300,000 common shares. Immediately following the acquisitions, Pala holds 9,776,582 common shares representing a
security holding percentage of approximately 11.53%, an increase in its security holding percentage of approximately 1.53%.
Pala has acquired these securities for investment purposes and may increase or decrease the investment in the securities of Cobalt 27 or pursue certain other actions depending on its evaluation of the business, prospects and financial condition of Cobalt 27, the market for Cobalt 27’s securities, general economic and tax conditions and other factors.
Pala’s address is 12 Castle Street, St. Helier, Jersey JE2 3RT. For further information please refer to the Early Warning Report posted on SEDAR or contact John Nagulendran at +41 41 560
9070.
All monetary amounts are stated in Canadian dollars.
About Pala
Pala is an investment company focused exclusively on the mining sector with a strong track record of successful investments and value creation. Pala’s team has extensive experience within the sector and seeks to assist companies in which it has long-term shareholdings by providing strategic advice and innovative solutions in development, production, turnaround and advanced exploration situations. Pala invests across all geographies and in all mining commodities as well as mining services and consumables. For more information, visit www.pala.com.
