TORONTO, Nov. 27, 2020 /CNW/ - First Cobalt Corp. (TSX-V:
FCC) (OTCQX: FTSSF) (the "Company") announces that it has filed a
final short form base shelf prospectus (the "Final Shelf
Prospectus") with the securities regulators in all provinces and
territories of Canada. The Final Shelf Prospectus allows the
Company to make offerings of common shares, subscription receipts,
warrants, units or any combination thereof for up to an aggregate
total of C$20 million during the
25-month period that the Final Shelf Prospectus remains effective.
The specific terms of any offering of securities, including the use
of proceeds from any offering, will be set forth in a shelf
prospectus supplement.
First Cobalt has filed this Final Shelf Prospectus to provide
the Company with greater financial flexibility over the next two
years. First Cobalt, however, has not entered into any
agreements or arrangements to authorize or offer any securities at
this time and there are no immediate plans to issue securities
under the Final Shelf Prospectus. The terms of any future
securities offer will be made subject to applicable securities
laws.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any securities. Both the
Final Shelf Prospectus and the preliminary short form base shelf
prospectus can be found on SEDAR at www.sedar.com under the
Company's profile.
About First Cobalt
First Cobalt owns North
America's only permitted cobalt refinery. Cobalt refining is
a critical component to the development and manufacturing of
batteries for electric vehicles and forms a foundational piece of
the next generation of the North American auto sector and other
electrified consumer and industrial applications. First Cobalt owns
the Iron Creek cobalt project in Idaho,
USA and controls significant silver and cobalt assets in the
Canadian Cobalt Camp, including more than 50 past producing
mines.
On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking
Statements
This news release may contain forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws and
the United States Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects', "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "occur" or "be
achieved". Forward-looking statements involve risks, uncertainties
and other factors that could cause actual results, performance and
opportunities to differ materially from those implied by such
forward-looking statements. Factors that could cause actual results
to differ materially from these forward-looking statements are set
forth in the management discussion and analysis and other
disclosures of risk factors for First Cobalt, filed on SEDAR at
www.sedar.com. Although First Cobalt believes that the information
and assumptions used in preparing the forward-looking statements
are reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed times frames or at all. Except where required by
applicable law, First Cobalt disclaims any intention or obligation
to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
SOURCE First Cobalt Corp.