First Cobalt proposes merger with Cobalt One

First Cobalt is proposing a merger with Australia's Cobalt One to consolidate the two largest land packages in the historic Cobalt camp into one entity with more than 10,000 hectares. Cobalt One shareholders would own 60% and First Cobalt shareholders 40%.

“First Cobalt is proposing a merger with Australia’s Cobalt One (formerly Equator Resources) to consolidate the two largest land packages in the historic Cobalt camp into one entity with more than 10,000 hectares.”northernontariobusiness.com

• 2 sources
• northernontariobusiness.comMerger and acquisition on First Cobalt’s playlist - Northern Ontario BusinessNorthern Ontario Business StaffJun 21, 2017
• globenewswire.comRetransmission: First Cobalt Proposes Friendly Merger withFirst Cobalt Corp.Jun 22, 2017

Summarized from public sources; check the original articles before acting on it.