Cobalt Blockchain Inc. and Traxys Europe S.A. are pleased to announce that they have signed a letter of intent on August 6, 2018 to establish a commercial partnership with respect to the Traxys-owned cobalt hydroxide plant in Lubumbashi, Democratic Republic of the Congo . Highlights of the LOI include: A 10-year joint venture agreement with respect to leasing and operating the Plant ; A US$30 million trade finance [...]
Release of Mintrax, a comprehensive blockchain solution for secure, transparent, and immutable provenance end-to-end through the mineral supply chain TORONTO, Aug. 2, 2018 /CNW/ - Cobalt Blockchain Inc. and DLT Labs Inc. are pleased to announce that they have finalized their joint venture agreement to commercialize MintraxTM, a fully-functional blockchain platform providing secure and transparent methods for tracking the [...]
TORONTO, Aug. 1, 2018 /CNW/ - Cobalt Blockchain Inc. is extending its previously announced brokered equity private placement of up to 12 million common shares at a price of 25 cents per common share, for gross proceeds of up to $3-million. Use of proceeds from the private placement include establishment of cobalt trading operations, initial cobalt concentrate purchases, mineral processing equipment, transaction costs [...]
TORONTO, July 25, 2018 /CNW/ - Cobalt Blockchain Inc. is pleased to announce that it has received final approval for its application for a cobalt and copper license in the Democratic Republic of the Congo . The federal Ministry of Mines today certified the license application, renewable after two years, based on the Company's submissions and the provincial approval from DRC authorities in Lualaba and Haut-Katanga [...]
TORONTO, June 14, 2018 /CNW/ - Cobalt Blockchain Inc. is pleased to announce that it has signed a letter of intent for a US$10 million revolving trade finance facility with United Bank for Africa Plc , a leading pan-African financial services group with operations in 20 African countries and offices in three global financial centers of London, Paris and New York. COBC will be using the trade finance facility for the [...]
TORONTO, May 17, 2018 /CNW/ - Cobalt Blockchain Inc. is pleased to provide a corporate update related to progress on expanding its existing commodity trading business to include certified, ethically-sourced cobalt from the Democratic Republic of the Congo . Private Placement The Company has engaged IBK Capital Corp. to complete a private placement of up to 12,000,000 common shares at a price of $0.25 per common share for [...]
TORONTO, April 13, 2018 /CNW/ - Cobalt Blockchain Inc. today announced several updates, including confirmation of the management team, issuance of stock options under the Company's Stock Option Plan, issuance of restricted share units under the approved Restricted Share Unit Plan, final approval of and actions related to the acquisition of Belair African Metals SARL, and an updated corporate presentation. Management Team [...]
TORONTO, April 6, 2018 /CNW/ - Cobalt Blockchain Inc. announced today that it has successfully negotiated a supply agreement with one of the largest local mining cooperatives in the Lualaba province of the Democratic Republic of the Congo . Commencing in June 2018, COBC will be supplied with a minimum of 40,000 tonnes of cobalt concentrate per annum, with a minimum grade of 1% cobalt. "This is a significant milestone in [...]
TORONTO, April 3, 2018 /CNW/ - Cobalt Blockchain Inc. and DLT Labs Inc. are pleased to announce that they have signed a Letter of Intent to establish a joint venture to provide secure, traceable and transparent methods for tracking and certifying the provenance of metals and minerals, through the entire supply chain from source to end-user. Leveraging the expertise of COBC, and DLT's supply chain and logistics product DL [...]
Peat Resources held its Annual and a Special Meeting of Shareholders on March 13, 2018 with the following results: 1. The Special Resolution approving the change of the Company's name to Cobalt Blockchain Inc. was approved by 100% of the votes cast. The Company must receive TSX Venture Exchange approval prior to the name change. 2. The Company's proposed acquisition of Belair African Metals SARL was approved by 100% of [...]
TORONTO, March 2, 2018 /CNW/ - Peat Resources Ltd. is pleased to announce that it has closed its previously announced debt settlement with various creditors, pursuant to which the Company has settled an aggregate of $1,005,358 of indebtedness through the issuance of an aggregate of 20,107,160 common shares at a price of $0.05 per share. All common shares issued in connection with the debt settlement are subject to a [...]
TORONTO, March 2, 2018 /CNW/ - This news release is disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report regarding the holdings William F. White . The Acquiror has acquired beneficial ownership or control over 18,107,160 common shares of Peat Resources Ltd. with head offices at 365 Bay [...]
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