Cobalt Blue Holdings Limited (
Under the offer 8,435,000 new fully paid ordinary shares will be issued at a price of $0.20 per share and allotted by the Company.
The Placement was managed by lead broker Blue Ocean Equities Pty Limited, and shares are being placed to new and existing shareholders. The Shares are to be issued under the Company's available 15% capacity under ASX Listing Rule 7.1. Capital raised will be applied to help fund the current drilling programme and to provide additional working capital. The share allotment is expected to occur by 14 December 2018 and an ASX Appendix 3B will then be lodged with ASX.
About Cobalt Blue Holdings Limited
Cobalt Blue Holdings Ltd (ASX:COB) (FRA:COH) (OTCMKTS:CBBHF) is an exploration and project development company. Work programs advancing the Broken Hill Cobalt Project in New South Wales continue. Our ambitious goals are subject to funding availability. Cobalt is a strategic metal in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems.
Contact
Joe KaderavekChief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-8287-0660
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com
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