VANCOUVER, Oct. 12, 2017 /CNW/ - Cobalt Power Group Inc. (TSX.V: CPO) wishes to announce that it has arranged a non-brokered flow-through private placement of up to 5,000,000 flow-through shares ("FT Shares") of the Company at a price of $0.16 per FT Share for total gross proceeds of up to CDN$800,000.
The securities issued pursuant to the private placement will be subject to a four month hold period from the closing date.
Finder's fees may be payable in whole or part on the private placement in accordance with the policies of the TSX Venture Exchange.
The proceeds of the Offering to be raised will be used by the Issuer for an exploration program on the Issuer's Canadian cobalt mineral properties. The private placement is subject to final approval by the TSX Venture Exchange (TSX.V).
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX-V: CPO) focused on exploration and development of prospective cobalt exploration properties.
