Pala Investments to acquire Cobalt 27 for $501M, creating Nickel 28

Pala Investments agreed to acquire 100% of Cobalt 27 Capital Corp. for $501 million. Cobalt 27 shareholders will receive $5.75 per share, partly in cash and partly in shares of a new company, Nickel 28 Capital Corp., which will hold Cobalt 27's interest in the Ramu nickel-cobalt mine.

“Cobalt 27 shareholders will receive $5.75 per share – $3.57 in cash and $2.28 in shares of a new company to be called Nickel 28 Capital Corp.”canadianminingjournal.com

• 1 source
• canadianminingjournal.comMERGER: Pala to acquire Cobalt 27, create Nickel 28 - Canadian Mining JournalMarilyn ScalesJun 18, 2019

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