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Cobalt Blockchain seeks to raise $4.5M in private placement

  • Cobalt Blockchain (OTCQB:COBCF) increases its originally announced private placement financing to 90M units priced at $0.05/unit. Each unit comprises of one common share and one share purchase warrant, which can be exercised at $0.20/share within two years.
  • That makes it a gross proceed of $4.5M, which the company intends to use for working capital and general corporate purposes.
  • Source: Press Release

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