March 5, 2019 / 3:03 AM / 8 months ago

BUZZ-Aussie shares of First Cobalt hits over 1-week low on discounted private placement

** The Australia-listed shares of First Cobalt Corp fall as much as 5 pct to A$0.190, their lowest since Feb. 22

** The cobalt firm enters into an agreement with an investor on a non-brokered private placement of about 11.1 mln units at C$0.18/unit, a discount of more than 5 pct compared to its Monday close at the Vancouver Stock Exchange

** Two analysts rate the stock “buy” or higher – Refinitiv data

** As of last close, stock has risen more than 11 pct this year

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