Deal Snapshot
COBALT 27 CLOSES ACQUISITION OF HIGHLANDS PACIFIC
Monday 20 May 2019

Canada-based metals investment company Cobalt 27 Capital Corp.  (TSX Venture: KBLT) (OTCQX: CBLLF) (FRA: 27O) has closed the acquisition of all the issued share capital of Australia-based mining company Highlands Pacific Ltd (ASX: HIG) (POMSoX: HIG), Cobalt 27 said.
Shares of Highlands have been suspended from trading on both the Australian Securities Exchange and the Port Moresby Stock Exchange (POMSoX) effective May 3, 2019, pending completion of the scheme. Cobalt 27 acquired all of the issued ordinary shares of Highlands that it does not already own for an all-cash offer price of AUD 0.105 per share.


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Details
Date Published: 20/05/2019
Target: Highlands Pacific
Country: Australia
Deal Size: 70m (USD)
Sector: Metals/Mining
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Cobalt 27 Capital Corp
Comment:


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