Cobalt 27 prices offering at $9 per share, acquires 2,150 tonnes of metal

Investment vehicle Cobalt 27 has announced the pricing of its public offering at $9 per share, and will acquire 2,150 tonnes of the blue metal.

The company’s shares will begin trading on the open market on Friday June 24 and, once trading begins, are likely to trade at a significant premium to the metal price, Simon Catt of Arlington Asset Management, an adviser to the company, predicted last month. The C$200 million offering will consist of 10,924,420 shares being sold for gross cash proceeds of C$98,319,780, and...

Published

James Heywood

June 19, 2017

14:31 GMT

London