ENERGY MINERALS

Anson blasts Cobalt 27 deal

Cobalt 27 Capital shareholder Anson Funds has launched a scathing attack on management as it hit out against its proposed sale to Swiss-based private equity group Pala Investments, stating the C$406 million offer for the 81% of Cobalt 27 it doesn’t own “significantly undervalues the company”. The $5.75 a share offer includes $3.57 in cash and $2.18 scrip in a new TSXV-listed company, Nickel 28 Capital.

Anson to vote against Cobalt 27 deal with Pala

Anson to vote against Cobalt 27 deal with Pala

It said the offer only benefited Pala, which was acquiring a high-quality royalty stream with significant upside for a distressed price, management, who benefited from change of control payments and who...

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