# 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%.

- Type: Acquisition
- Announced: 2017-06-21
- Where: Cobalt, Ontario, Canada
- Status: announced
- Products: cobalt
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [First Cobalt](https://endata.com/companies/25067.md) (acquirer)
- [Cobalt One](https://endata.com/companies/25068.md) (target)

## Sources

- [northernontariobusiness.com](https://www.northernontariobusiness.com/regional-news/northeastern-ontario/merger-and-acquisition-on-first-cobalts-playlist-649872), 2017-06-21: "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."
- [globenewswire.com](https://www.globenewswire.com/news-release/2017/06/22/1201458/0/en/Retransmission-First-Cobalt-Proposes-Friendly-Merger-with-Cobalt-One.html), 2017-06-22: "First Cobalt would acquire all of the outstanding common shares of Cobalt One which would result in the shareholders of Cobalt One holding approximately 60% of the equity in the merged entity."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.