Fabled Silver Gold Corp T.FCO

RE:options and Stock Warrants

[Braggs2]

VANCOUVER, Feb. 23, 2018 /CNW/ - eCobalt Solutions Inc. ("eCobalt" or "the Company") (TSX: ECS, OTCQX: ECSIF) is pleased to report the successful closing of the bought deal financing announced on February 13, 2018, including the exercise in full of the underwriters' over-allotment option. The Company issued a total of 23,000,000 units (the "Units") at a price of $1.30 per Unit for gross proceeds of $29,900,000 (the "Offering").

Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share at an exe