# 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.

- Type: Acquisition
- Announced: 2019-06-18
- Value: $501.0M
- Status: announced
- Products: nickel, cobalt
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Pala Investments](https://endata.com/companies/40085.md) (acquirer)
- [Cobalt 27 Capital Corp.](https://endata.com/companies/40086.md) (target)
- [Nickel 28 Capital Corp.](https://endata.com/companies/40087.md) (partner)

## Sources

- [canadianminingjournal.com](https://www.canadianminingjournal.com/news/merger-pala-to-acquire-cobalt-27-create-nickel-28/), 2019-06-18: "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."

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