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M2 Cobalt Corp. Completes Acquisition of 1,564 sq. km. Land Package in Uganda and Concurrent $8.5 Million Financing

Published: 01/19/2018

Team: Sam Cole, Jeff Durno

On January 19, 2018, M2 Cobalt Corp. completed the acquisition of a 1,564 square kilometre land package comprised of seven exploration licenses in the Republic of Uganda.  The licenses are adjacent to existing mining operations in Uganda and are prospective for cobalt.  In connection with completion of the acquisition, M2 Cobalt completed a concurrent private placement for gross proceeds of $8.5 million to fund development on the new property.

Cassels Brock acted for M2 Cobalt with a team comprised of Sam Cole and Jeff Durno (Securities).