International Cobalt announces $3M financing and trading on FSE

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By CPE News

Vancouver (pcJ News Briefs) – International Cobalt Corp. (CSE: CO; FSE: 42L) intends to close a non-brokered private placement of up to 15,000,000 units at a price of $0.20 per unit for gross proceeds of up to $3,000,000.00

Each unit will consist of one common share and one transferable common share purchase warrant entitling the holder thereof to purchase one additional common share at a price of $0.30 for a period of two years from the closing date of the offering.

Proceeds raised will be used for an initial exploration program on the company’s Blackbird project located in central Idaho, new property investigations and for general corporate purposes.

International Cobalt also announced that its stock has commend trading on the Frankfurt Stock Exchange under symbol 42L.

photo credit: International Cobalt