Post by
materialsgirl on Jun 15, 2018 10:38am
down $2 from the large private placement 2 months ago
In theory, there will be a point where there is a great value. I do not know the price that will represent that value.
Maybe $8.50?
Toronto, Ontario – March 9, 2018 - Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (TSXV: KBLT)(FRA: 27O) announced today that the Company has completed its previously announced strategic private placement of common shares of the Company (“Common Shares”) with a group of investors. The Company issued 17,556,828 Common Shares at a price of $11.40 per Common Share for aggregate gross proceeds to the Company of $200,147,842 (the “Offering”).