As previously announced, Jervois has completed its merger with eCobalt after receiving eCobalt shareholder and Supreme Court of British Columbia approvals. Following the successful completion of the Arrangement, all conditions precedent have been met and settlement of the A$16.5 million equity placement in Jervois has occurred. The Idaho Cobalt Project has been renamed Idaho Cobalt Operations to reflect its advanced stage [...]
ASX/TSX-V: JRV HIGHLIGHTS Jervois closes merger with eCobalt after receiving both eCobalt and Jervois shareholder approvals and final approval from the British Columbia Supreme Court In connection with the Arrangement, Mr. Michael Callahan, former CEO of eCobalt, and Mr. Scott Hean, former Chairman of eCobalt, appointed as Non-Executive Directors of Jervois Pro forma Jervois to be well capitalised on the back of Jervois [...]
eCobalt Solutions Inc. announces the voting results from today's annual general and special meeting of the holders of common shares of the Company. At the Meeting, Shareholders were asked to consider, and if deemed advisable, pass a special resolution approving a plan of arrangement under the Business Corporations Act whereby Jervois Mining Ltd, will acquire all of the issued and outstanding Common Shares not already [...]
eCobalt Solutions Inc. is pleased to announce that Glass, Lewis & Co., LLC has recommended that eCobalt shareholders vote FOR the proposed plan of arrangement with Jervois Mining Ltd. In making its recommendation to institutional investors, Glass Lewis took into consideration the challenging financing environment due to ongoing volatility in the price for cobalt, the strategic review process undertaken by the Board, and [...]
eCobalt Solutions Inc. reaffirms that the proposed merger with Jervois Mining Ltd., as disclosed on April 1, 2019 and again on June 24, 2019, is in the best interest of the Company's shareholders. The Merger creates a premier cobalt investment vehicle by combining two companies with strong development stage cobalt assets, a global project pipeline of attractive development and exploration projects focused on cobalt [...]
eCobalt Solutions Inc. is pleased to announce that Institutional Shareholder Services has recommended that eCobalt shareholders vote FOR the proposed acquisition by Jervois Mining Limited of all remaining eCobalt shares through a plan of arrangement. ISS is a leading independent proxy advisory firm that provides voting recommendations to institutional investors. Their endorsement of the merger highlights the strategic [...]
Jervois Mining Ltd. is pleased to provide an update regarding its merger with eCobalt Solutions Inc. , as well as address First Cobalt Corp.'s press release dated 26 June 2019, containing FCC's self-serving and misleading opposition to the Merger. On 2 April 2019, Jervois and eCobalt entered into an arrangement agreement pursuant to which the companies proposed to combine on the basis of an at-market merger. The eCobalt [...]
eCobalt shareholders should ignore First Cobalt's self-serving and misleading opposition to the merger eCobalt Solutions Inc., in response to the misleading news release from First Cobalt Corp., reaffirms that the merger with Jervois Mining Limited is in the best interest of the Company's shareholders. eCobalt cautions shareholders not to be misled by First Cobalt Corp.'s opposition to the Jervois Merger. First Cobalt[...]
eCobalt Solutions Inc. is pleased to announce that it will seek approval for its proposed merger with Jervois Mining Ltd. at the annual and special meeting of shareholders to be held on Friday, July 19, 2019 at the Terminal City Club, 837 West Hastings Street, Vancouver, at 10:00 a.m. The Company has mailed and filed on SEDAR a management information circular which describes the proposed merger with Jervois and the [...]
eCobalt Solutions Inc. announces the closing of a direct offering to Dundee Resources Limited as announced in the April 1, 2019 news release. The Company has issued a total of 6,250,000 Units at a price of $0.32 per Unit for gross proceeds of $2,000,000 by way of the Prospectus Supplement to the Short Form Base Shelf Prospectus dated March 15, 2019 filed in each of the provinces of Canada, other than Québec, on [...]
HIGHLIGHTS Friendly at-market combination of Jervois and eCobalt to follow merger of M2 and Jervois Results in enlarged group with greater scale, liquidity and diversification and significant re-rating potential Pro forma cash and cash equivalents of group of approximately A$16.5 million Australian, East African and United States project pipeline that now includes the Idaho Cobalt Project, the highest combination of [...]
New Jervois to transform into global industry leader HIGHLIGHTS Friendly combination leading to enlarged company with greater scale, liquidity and diversification with re-rating potential New Jervois to have Australian, East Africa and US project pipeline that includes the Idaho Cobalt Project, the highest combination of cobalt grade and scale in the United States Increased capital markets exposure through listings in [...]