Fabled Silver Gold Corp T.FCO

RE:RE:options and Stock Warrants

[Braggs2]

VANCOUVER, Feb. 28, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is pleased to announce that it has closed its previously announced bought deal financing (the "Financing") of 15 million Units (the "Units") and the related over-allotment option of 2.25 million Units at a purchase price of C$1.00 per Unit (the "Offering Price"), for aggregate gross proceeds in the amount of C$17.25 million. The Financing was completed by a syndicate of underwriters led by Canaccord Genuity Corp.

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 entitles the holder thereof to purchase one common share at an exercise price of C$1.50 for a period of twenty-four (24) months following the Closing Date. The Warrants are subject to an acceleration clause such that, if the closing price of the Common Shares is equal to or greater than C$1.80 per share for a period of ten consecutive trading days, the Company will have the option, but not the obligation, to effect for an accelerated expiration date that will be 20 calendar days from the issuance of a notice of acceleration.