Cobalt 27 to be bought by Swiss firm Pala Investment in deal that values it at $501-million

A Canadian cobalt speculation company is being bought by a Swiss firm in a deal that values the company at about $501 million.

The deal, which pushed Cobalt 27’s shares up 83 cents or 23.9 per cent to $4.30 in mid-morning trading on the TSX Venture, includes a cash payment of $3.57 per share, plus $2.18 in shares of a newly listed company to be named Nickel 28 Capital Corp.Cobalt 27 has been focused on securing rights to cobalt production from a variety of interests, as well as physical stores of the metal, as a bet on increased demand for the metal as battery use grows.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Sun Life Investment Management launches new institutional investment armSLC Management will manage $217-billion in assets focused on public and private fixed income as well as global real estate and debt
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Alibaba reshuffles management; CFO to oversee strategic investment unitAlibaba reshuffles management; CFO to oversee strategic investment unit GlobeTechnology
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »