First Cobalt’s $9.78 Million Bought Deal Financing

Cassels Brock & Blackwell advised First Cobalt Corp. on the deal.

On January 22, 2021, First Cobalt Corp. closed a bought deal offering of 31,533,000 units at a price of $0.31 per unit for aggregate gross proceeds of approximately $9.78 million, which includes the exercise in full of the underwriters’ over-allotment option.

Each unit consists of one common share of First Cobalt and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.50 for a period of 24 months following closing.

First Cobalt is a cobalt company.

Cassels acted for First Cobalt with a deal team that included Sam Cole (Picture), Jennifer Poirier and Stefan Politano (Securities and Mining) and Tera Li Parizeau (Tax).

Involved fees earner: Sam Cole – Cassels Brock & Blackwell LLP; Tera Li Parizeau – Cassels Brock & Blackwell LLP; Jennifer Poirier – Cassels Brock & Blackwell LLP; Stefan Politano – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: First Cobalt Corp.;


Author: Ambrogio Visconti