Global Cobalt Corp GLBCF

Global Cobalt Announces Additional Shares for Debt Settlemen

[Babyboom51]

V.GCO | 38 minutes ago (via Thenewswire.ca) VANCOUVER, BC / TheNewswire / FEBRUARY 6th, 2015 / GLOBAL COBALT CORP. (TSXV:GCO, OTCBB:GLBCF, FRA:3P0) ("Global Cobalt" and/or the "Company") is pleased to announce that in addition to the previously announced service settlement dated January 19th, 2015 that the Company has entered into agreements to issue shares for debt settlements (the "Service Settlements") with additional creditors of the Company (the "Creditors"). In consideration for settlement of a total combined debt of $163,250 owing to the Creditors by the Company, the Company issued to the Creditors 3,265,000 common shares of the Company at a deemed price of $0.05 per share. The shares issued in the Service Settlement will be in accordance with applicable securities law and will be subject to the prior approval of the TSX Venture Exchange. Global Cobalt Corporation: Global Cobalt Corporation is a publicly traded Canadian resource company that was founded in 2007 to take advantage of the global transformation that is occurring in the strategic metals sector of the mining industry. Through a combination of acquisitions and internally developed businesses, Global Cobalt exploits market opportunities as they emerge in various sectors of the strategic metals sector with emphasis on those metals, such as cobalt, used in the rechargeable battery space. Read more at https://www.stockhouse.com/news/press-releases/2015/02/06/global-cobalt-announces-additional-shares-for-debt-settlement#SXiI1rgOZ4fr9bTS.99