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Cobalt 27 to become Nickel 28

Swiss-based private equity group Pala Investments will pay about C$406 million for the 81% of Cobalt 27 Capital Corp it doesn’t own in a deal that returns C$5.75/share to independent stockholders, including cash and C$2.18 scrip in a new TSXV-listed company, Nickel 28 Capital Corp.

Staff reporter
Cobalt 27 to become Nickel 28

The proposed transaction recognises Cobalt 27's nickel-dominated portfolio including direct mine stakes and royalties. It also recognises the current lack of market traction for a nominally cobalt-focused...

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