Global Cobalt Corp. (TSXV:GCO) closed the previously announced non-brokered private placement of $2.379 million.
As quoted in the press release:
The Company issued 11,896,999 Units at a unit price of $0.20 per Unit for gross proceeds of $2,379,399. Each Unit consists of one common share (a “Share”) of the Company and one-half of one common share purchase warrant (a “Warrant”). Each whole transferable Warrant entitles the holder thereof to purchase one Share of the Company at an exercise price of $0.35 per share until the close of business on January 13th, 2017. Securities issued pursuant to the Offering will be subject to a hold period ending on May 13th, 2014.