Cobalt Blockchain Inc. (COBC) has made some changes to its management board.
Lance Hooper will be leaving the company effective April 30, 2021. Hooper served as president and chief operating officer since December 2017, when he was appointed in connection with the company's acquisition of Belair African Metals SARL.
Cobalt Blockchain said Hooper was instrumental in the pursuit of some of the company's joint ventures in the Democratic Republic of the Congo (DRC), as well as contributing to the development of its mineral tracking platform.
The company said it wishes to thank Hooper for his contributions during his tenure.
Cobalt Blockchain is also forming a Special Advisory Committee to provide guidance to the Board of Directors and management on strategic and operational matters of particular relevance to operations in the DRC, as well as in other jurisdictions and industry verticals of interest.
Members will contribute unique skillsets in various fields to provide expert support to the board and management and deliver enhanced shareholder value.
In addition, subject to regulatory approval, the company announced it has granted stock options under its stock option plan to its Chief Financial Officer to acquire up to 300,000 common shares for a 5-year term and exercisable at a price of $0.085 per share.
The stock options vest as to 25 per cent on grant date, and 25 per cent on each of the 6 month, 12 month and 24 month anniversary dates of the grant.
Cobalt Blockchain Inc. is a Canadian resource company expanding its exploration and development business to include cobalt assets in the Democratic Republic of the Congo.
Cobalt Blockchain Inc. is down 5.88 per cent to C$ 0.080 per share.