Pala Investments and Cobalt 27 Announce Significant Improvements to Arrangement Transaction and New Shareholders Meeting Date of October 11, 2019

TORONTO, Oct. 1, 2019 /PRNewswire/ – Cobalt 27 Capital Corp. (TSXV: KBLT) (“Cobalt 27” or the “Company“) and Pala Investments Limited (“Pala“) are pleased to announce that they have today entered into an amendment (the “Amendment“) to their previously announced arrangement agreement (as amended, the “New Arrangement Agreement“) which provides for the acquisition by Pala of 100% of Cobalt 27’s issued and outstanding common shares, other than the approximately 19% that Pala already owns.