Cobalt 27 Announces Voting Results for Annual General and Special Meeting and Shareholder Approval of Arrangement Resolution

TORONTO, Oct. 11, 2019 /PRNewswire/ – Cobalt 27 Capital Corp. (TSXV: KBLT) (“Cobalt 27” or the “Company“) is pleased to announce that, at today’s annual general and special meeting of shareholders (the “Meeting“), Cobalt 27 shareholders have approved the arrangement resolution (the “Arrangement Resolution“) under which Pala Investments Limited (“Pala“) will acquire 100% of Cobalt 27’s issued and outstanding common shares (other than the approximately 19% that Pala already owns) by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement“). Under the Arrangement, each Cobalt 27 shareholder will receive total consideration of C$5.92 per share, comprised of C$4.00 in cash plus one share of Nickel 28 Capital Corp. (“Nickel 28“) with an implied value of C$1.92 per share.