October 19, 2017 / 9:08 PM / 2 months ago

BRIEF-US Cobalt announces $5 million bought private placement

Oct 19 (Reuters) - Us Cobalt Inc:

* US Cobalt announces $5 million bought private placement

* Us cobalt Inc - ‍entered into a letter of engagement with Eight Capital​

* US Cobalt Inc - ‍Eight Capital has agreed to purchase 9.4 million units of company, on a “bought deal” private placement basis at a price per unit of $0.53​

* US Cobalt Inc - ‍intends to use net proceeds of offering for exploration and development of cobalt deposits​ Source text for Eikon: Further company coverage:

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