November 22, 2017 / 4:56 PM / in a year

BUZZ-CobalTech Mining Inc: Shareholders approve First Cobalt deal

** Mineral explorer’s shares up 24.3 pct at C$0.24, hit seven-month high

** Company’s shareholders approve acquisition by rival First Cobalt Corp; FCC up 22.36 pct at C$0.93

** FCC had agreed to buy CSK in all-stock transaction in Aug, wherein shareholders will get 0.2632 of an FCC share for each of their shares

** Combined company will own 10,000 hectares of mining land, including the only permitted cobalt refinery in North America to produce battery materials

** Up to Tuesday’s close, CSK had fallen 22.92 pct YTD (Reporting by Akshara P in Bengaluru)

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