Cobalt exploration and development companies First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) and US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) this morning announced that US Cobalt has mailed its management information circular, relating voting materials and letters of transmittal to its shareholders in connection with the special meeting of US Cobalt security holders scheduled to take place on May 17, 2018. At the meeting, US Cobalt security holders will be asked to approve the previously announced plan of arrangement transaction pursuant to which First Cobalt will acquire all of the issued and outstanding shares of US Cobalt, with US Cobalt shares being exchanged on the basis of 1.5 First Cobalt common shares for each US Cobalt common share. If approved, the transaction is expected to be completed on or about May 28, 2018, subject to the receipt of final court approval and other regulatory approvals.
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About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. First Cobalt controls over 10,000 hectares of prospective land covering over 50 historic mines as well as mineral processing facilities in the Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the only permitted facility in North America capable of producing cobalt battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. For more information, visit the company’s website at www.FirstCobalt.com
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