QualityStocksNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Enters Definitive Agreement to Acquire US Cobalt Inc. (TSX-V: USCO) (OTCQB: USCFF)
Cobalt exploration and development company First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) and US Cobalt (TSX-V: USCO) (OTCQB: USCFF) this morning announced that the two companies have entered into a definitive agreement for First Cobalt to acquire all of the issued and outstanding shares of US Cobalt. Per the terms of the agreement, all of the US Cobalt issued and outstanding common shares will be exchanged at a rate of 1.5 First Cobalt common shares for each US Cobalt common share. In addition, it is expected that all US Cobalt stock options outstanding will be replaced with First Cobalt stock options…