Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that the nominees listed in the company’s management information circular dated May 25, 2018 were elected as directors of First Cobalt at the annual and special shareholders meeting on June 26, 2018. The nominees were Garett Macdonald, Paul Matysek, Trent Mell, Ross Phillips, John Pollesel and Jeffrey Swinoga. All other resolutions listed in the management information circular were also approved. Per the company’s amended and restated long term incentive plan, it has granted certain officers, directors, and advisors of the company incentive stock options to purchase a total of 2,273,333 stock options common shares vesting over three years and exercisable at a price of CAD $0.49 for a period of sixty months. First Cobalt also granted 800,833 Deferred Share Units, Performance Share Units and Restricted Share Units to directors and officers, some of which are subject to vesting provisions. First Cobalt has also re-granted to certain current and former directors incentive stock options to purchase a total of 613,839 common shares of the company exercisable at a price of CAD $1.43 for a period of sixty months, as well as 1,146,736 Deferred Share Units and Performance Share Units, some of which are subject to vesting provisions. The continuation of the company under the Canada Business Corporations Act and the amended and restated long-term incentive plan are subject to receipt of final acceptance from the TSX Venture Exchange.
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About First Cobalt Corp.
First Cobalt Corp., with headquarters in Canada, is a vertically integrated North America pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101) of 1.3M tons grading 0.59% cobalt; the Canadian Cobalt Camp, with more than 50 past producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://nnw.fm/FTSSF
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