Cobalt 27 Capital Corp. announces an Equity Buyback for 8,400,000 shares, representing 9.9% of its issued share capital.
November 14, 2018 at 02:50 am IST
Cobalt 27 Capital Corp. (TSXV:KBLT) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 8,400,000 shares, representing 9.9% of its issued and outstanding shares. All the shares repurchased will be cancelled. The bid is subject to approval of the TSX Venture Exchange. The bid will be expire on December 2, 2019. As of November 5, 2018, the company had 84,815,780 common shares issued and outstanding.