Leading Independent Proxy Advisory Firm, ISS, Recommends that Cobalt 27 Shareholders Vote FOR the Plan of Arrangement with Pala Investments

TORONTO, Aug. 28, 2019 /PRNewswire/ – Cobalt 27 Capital Corp. (TSXV: KBLT) (OTCQX: CBLLF) (FRA: 270) (“Cobalt 27” or the “Company“) is pleased to announce that Institutional Shareholder Services Inc. (“ISS“), a leading independent proxy advisory firm, has recommended that the Company’s shareholders vote FOR the plan of arrangement (the “Arrangement“) between Cobalt 27 and Pala Investments Limited (“Pala“). Under the Arrangement, Pala would indirectly acquire 100% of Cobalt 27’s issued and outstanding common shares (other than the approximately 19% that Pala already owns) for C$5.75 per common share, comprised of C$3.57 in cash plus one share of a newly listed company, Nickel 28 Capital Corp. (“Nickel 28“), with an implied value of C$2.18.

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