TSX.V: CPO
VANCOUVER, Oct. 12, 2017 /CNW/ - Cobalt Power Group Inc.
(TSX.V: CPO) wishes to announce that it has arranged a non-brokered
flow-through private placement of up to 5,000,000 flow-through
shares ("FT Shares") of the Company at a price of $0.16 per FT Share for total gross proceeds of up
to CDN$800,000.
The securities issued pursuant to the private placement will be
subject to a four month hold period from the closing date.
Finder's fees may be payable in whole or part on the private
placement in accordance with the policies of the TSX Venture
Exchange.
The proceeds of the Offering to be raised will be used by the
Issuer for an exploration program on the Issuer's Canadian cobalt
mineral properties. The private placement is subject to final
approval by the TSX Venture Exchange (TSX.V).
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian
exploration company listed on the TSX-Venture Exchange (TSX-V: CPO)
focused on exploration and development of prospective cobalt
exploration properties.
On behalf of the Board of Directors
_________________________________
Dr. Andreas Rompel, President and
CEO
Cobalt Power Group Inc.
We seek safe harbor.
The TSX Venture Exchange Inc. has in no way passed upon
the merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
Forward Looking Information
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release. WARNING: The Company relies on litigation protection
for `forward looking" statements. Actual results could differ
materially from those described in the news release as a result of
numerous factors, some of which are outside the control of the
Company. This news release does not constitute an offer to sell or
a solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S.
Securities Act') or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
SOURCE Cobalt Power Group Inc
