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.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: globeandmail - 🏆 5. / 92 Läs mer »
Källa: globeandmail - 🏆 5. / 92 Läs mer »