President and CEO Trent Mell will available for one-on-one meetings June 18 & 19. Registration through TD Bank.
The Company will be available for one-on-one meetings during all conferences.
First Cobalt’s merger with US Cobalt Inc. (TSX-V: USCO, OTCQB: USCFF) received overwhelming support by US Cobalt shareholders on May 17 and the transaction is expected to close on or about May 31. Under the terms of the merger, First Cobalt will acquire all of the issued and outstanding shares of US Cobalt on the basis of 1.5 First Cobalt common shares for each US Cobalt common share issued and outstanding (press release March 14, 2018).
This transaction will strategically position First Cobalt as a leading non-DRC cobalt company with three significant North American assets: the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101) of 1.3M tons grading 0.59% cobalt; the Canadian Cobalt Camp, with more than 50 past producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials.
On December 1, 2017, the Board of Directors approved a grant of stock options, performance share units (PSUs) and deferred share units (DSUs) to certain directors, officers, employees and consultants pursuant to the Company’s long-term incentive plan. Following review by the Australian Securities Exchange (ASX), these stock options, PSUs and DSUs were cancelled on May 25, 2018 as the manner in which the grants were made complied with TSX-V rules but not ASX requirements. The Board intends to re-issue the options, PSUs and DSUs to these holders on the same terms and exercise price as previously granted. The Company will be calling an annual and special meeting of its shareholders to be held on June 26, 2018, where it will seek to approve, among other things, an amended and restated long-term incentive plan that contains certain language required by the ASX Listing Rules and in the case of directors, the re-grant of such awards upon the same terms.