Date closed: 12/19/2017

Value: C$97.8 million

On December 19, 2017, Cobalt 27 Capital Corp. (the Company or Cobalt 27) (TSX VENTURE: KBLT) (FRANKFURT: 27O) closed its shelf prospectus offering, on a bought deal basis, including the exercise in full of the underwriters' over-allotment option. A total of 9,315,000 common shares (the Shares) of the Company were sold at a price of $10.50 per Share, for aggregate gross proceeds of $97,807,500.

The offering was underwritten by a syndicate of underwriters co-led by TD Securities Inc. and Scotiabank and including BMO Capital Markets, Haywood Securities Inc., Canaccord Genuity Corp., RBC Dominion Securities Inc., Cormark Securities Inc., National Bank Financial Inc., Desjardins Securities Inc., Eight Capital and GMP Securities L.P.

Cobalt 27, headquartered in Mission, British Columbia, is a minerals company focusing on the acquisition and development of cobalt.

BLG represented the underwriters with a team led by Andrew Powers that included Laura Costen and Joseph DiPonio.