Cobalt 27 Files Management Information Circular Seeking Approval for Proposed Acquisition by Pala Investments for C$5.75 per Cobalt 27 Share and Creation of Nickel 28

TORONTO, Aug. 14, 2019 /PRNewswire/ – Cobalt 27 Capital Corp. (TSXV: KBLT) (OTCQX: CBLLF) (FRA: 270) (“Cobalt 27” or the “Company“) today announces it has filed a management information circular (the “Circular“) for the annual general and special meeting of shareholders of the Company to be held in connection with the proposed acquisition of Cobalt 27 by Pala Investments Limited (“Pala“) by way of a plan of arrangement (the “Arrangement“). Under the Arrangement, Pala would indirectly acquire 100% of Cobalt 27’s issued and outstanding common shares (other than the approximately 19% that Pala already owns) for C$5.75 per common share (the “Consideration“), comprised of C$3.57 in cash plus one share of a newly listed company, Nickel 28 Capital Corp. (“Nickel 28“), valued at C$2.18. Upon successful closing of the transaction, Nickel 28 is expected to be listed on the TSX Venture Exchange (“TSXV“) under the symbol ‘NKL’.