Brief: Cobalt power announces corporate update, pending private placement

Power Projects

16/02/2017 11:00

Feb 16 (Reuters) - Cobalt Power Group Inc  CPO.V  
    * Cobalt Power Group announces corporate update and pending 
private placement 
    * Cobalt Power Group - Company is in process of finalizing 
two private placements pursuant to price reservation forms filed 
with TSX venture exchange 
    * Cobalt Power Group - First is non-brokered private 
placement of 13 million units of co at a price of $0.08 per unit 
for total gross proceeds of up to c$1.04 million 
    * Cobalt Power Group - Second is non-brokered private 
placement of 4 million flow through shares at price of $0.12 per 
share for total gross proceeds of up to C$480,000 
 
Source text for Eikon:  ID:nCCNbWFQN0  
Further company coverage:  CPO.V  
 
 ((bangalore.newsroom@thomsonreuters.com;))