Exploring Quebec to discover the next generation of critical nickel and copper mines
Recent News
Enerev5 Metals Announces New Brokered Private Placements and Termination of Prior Placement
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TORONTO, ONTARIO (June 8, 2023) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) ("Enerev5" or the "Company") announces that it plans to raise $300,000 of flow through dollars to fund the planned phase one geophysical survey and $250,000 of hard dollars for working capital and administrative expenses the details of which are below.
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The Company plans to issue up to 5,000,000 hard dollar units ("Hard DollarUnits") at a price of $0.05 per unit ($250,000) and up to 3,000,000 flow-through units ("Flow-Through Units") at a price of $0.10 per unit ($300,000). Each Hard Dollar Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue. Each Flow-Through Unit consists of one flow-through common share and one Warrant. The Hard Dollar Units and Flow-Through Units are being offered on a brokered basis through IBK Capital Corp.(the "Agent")...
The private placement announced on March 2, 2023 has been terminated.
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Enerev5 Metals Announces New Brokered Private Placements and Update on Its Barbara Bay Nickel, Copper, Cobalt Project
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TORONTO, ONTARIO (March 2, 2023) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (Enerev5 or the "Company") announces announces that it intends to proceed with phase one exploration plans on its wholly owned Barbara Bay project in Quebec consisting of an airborne geophysical survey designed to identify drill ready targets... Enerev5 plans to raise $300,000 of flow through dollars to fund the planned phase one geophysical survey and $250,000 of hard dollars for working capital and administrative expenses the details of which are below...
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The Company plans to issue up to 5,000,000 hard dollar units ("Hard Dollar Units") at a price of $0.05 per unit ($250,000) and up to 3,000,000 flow-through units ("Flow-Through Units") at a price of $0.10 per unit ($300,000). Each Hard Dollar Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue. Each Flow-Through Unit consists of one flow-through common share and one Warrant entitling the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue. The Units are being offered on a brokered basis through IBK Capital Corp.(the "Agent").
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> Enerev5 Announces Grant of Additional Stock Options
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TORONTO, ONTARIO (February 10, 2023) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (Enerev5 or the "Company") announces further to its press release of February 9, 2023, that it has granted an additional 200,000 stock options under its stock option plan to a director. All other terms remain the same.
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> Enerev5 Announces Grant of Stock Options
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TORONTO, ONTARIO (February 9, 2023) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (Enerev5 or the "Company") announces that it has granted stock options under its stock option plan to its officers and directors to acquire up to a total of 4,300,000 common shares for a 5-year term and exercisable at a price of $0.05 per share. The stock options vest as to 25% on grant date, and 25% on each of the 6 month, 12 month and 24 month anniversary dates of the grant.
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> Enerev5 Metals Exploration Update
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TORONTO, ONTARIO (December 13, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (Enerev5 or the "Company") announces exploration plans for its "Barbara Bay" nickel, copper, cobalt project in Quebec that comprises about 33,200 hectares of contiguous claims.
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The Barbara Bay property (Figure 1) is located 100 km northeast of Sept Iles, Quebec west of and adjacent to Lake Manitou. The property encompasses the entire contact of the Turtle Anorthosite Complex (TAC). Historic work by Soquem Inc. (Soquem) in the 1990s discovered outcrops of sulphide in anorthosite (see Figure 2) composed mainly of pyrrhotite and chalcopyrite and containing anomalous nickel (Ni), copper (Cu) and Cobalt (Co). Although the TAC was fully mapped (Figure 3), very little exploration has occurred at the contact which was considered by Soquem to be favorable for Ni-Cu-Co mineralization (1997)...
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> Enerev5 Metals closes Barbara Bay acquisition
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TORONTO, ONTARIO (December 5, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (Enerev5 or the "Company") announces that it has completed the expansion of its nickel exploration project, named "Barbara Bay" in Quebec by closing the acquisition of claims by way of an agreement between the Company and arms-length parties (the "Vendors") to acquire a 100% interest in 171 mining claims comprising approximately 9,234 hectares in the Province of Quebec, for a total consideration of 5,000,000 common shares of the Company (the "Consideration Shares"). The project now comprises about 33,200 hectares of contiguous claims.
As first described in the Company's press release dated November 18, 2022, summarizing the property, geophysical consultant Steve Balch, one of the Vendors, commented, "The Company has staked almost the entire contact of an anorthosite intrusion that has strong similarities to that of the Go Metals HSP project. There are several historic showings of copper, nickel and cobalt at the interpreted contact which is derived from a high resolution magnetic and EM survey flown in the 1990s. There are several EM conductors at the contact. The strategy is to re-fly the intrusion using modern technology and to setup a direct drilling program that could commence this summer." Steve Balch is a qualified person within the meaning of NI 43-101 and is responsible for the technical information contained in this press release...
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> Enerev5 Metals updates private placement and acquires mining claims
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TORONTO, ONTARIO (November 18, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that it expanded its nickel exploration project, named "Barbara Bay" in Quebec, to about 33,200 hectares; and, staked a separate nickel project, named "Goals Met", also in Quebec. To fund the staking costs and for continued working capital, the Company closed a second tranche of its previously announced financing raising to date a total of $292,500.
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The Goals Met claims were acquired through the staking of 135 mining claims comprising approximately 7,290 hectares in the Province of Quebec using arms-length stakers.
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The expansion of Barbara Bay is an acquisition of claims by way of an agreement between the Company and arms-length parties (the "Vendors") to acquire a 100% interest in 171 mining claims comprising approximately 9,234 hectares in the Province of Quebec, for a total consideration of 5,000,000 common shares of the Company (the "Consideration Shares"). These claims are in addition to the acquisition through staking of 447 Quebec mining claims totalling 24,000 hectares announced on October 11, 2022. Barbara Bay now totals 33,200 hectares of contiguous claims.
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> Enerev5 Metals Files Q1 Financial Statements and MD&A and Acquires Staked Mining Claims
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TORONTO, ONTARIO (October 31, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that it has today filed its Q1 financial statements and MD&A for the quarter ended August 31, 2022. They can be viewed on SEDAR at www.sedar.com and on the Company's website...
The Company also announces that it has acquired through staking by arms length stakers of 447 mining claims (the "New Claims") comprising approximately 24,000 ha in the Province of Quebec. In addition to the New Claims, the Company continues to pursue the active acquisition by staking and negotiation of other mining claims. The total cost to have the New Claims staked for and on behalf of the Company was $2,000 staking costs and $32,731 government claims costs. There are no other payments or royalties. The New Claims were acquired in keeping with the Company's focus on exploration and development potential related to energy metals such as nickel, copper, cobalt and other strategic battery minerals, and the Company's increasing focus on projects in mining friendly and politically stable jurisdictions...
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> Enerev5 Metals Appoints New CFO
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TORONTO, ONTARIO (October 11, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that it has appointed Errol Farr to replace resigning CFO, Philip Gibbs, as Chief Financial Officer and Corporate Secretary. The Company would like to thank Mr. Gibbs for his contributions to the Company which are much appreciated, and the Company wishes him well in the future.
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Mr. Farr, CPA, CMA, is a seasoned financial professional with over 35 years of experience in financial management and reporting, operations, business optimization and strategy development. He currently is CFO, COO and Corporate Secretary of Zonetail Inc., a locally based, marketing and technology company, focused on the high-rise residential and hotel markets, CFO of AurCrest Mining Inc., with gold properties in Red Lake, Ontario, and CFO and Corporate Secretary of AFR NuVenture Resources Inc., a mining exploration company with projects in the United States and Canada. He is former CFO of Anaconda Mining Inc., a gold producer, former President and CEO of Adex Mining Inc., where he led the development plans of the Mount Pleasant mine site in New Brunswick, Canada, and former CFO of MagIndustries Corp. where he participated in the development of its potash project and led the development of its forestry assets including the construction of its $30 million wood chipping mill in the port city of Pointe Noire, Republic of Congo. He is also formerly the Performance Mentor at a private industrial tape converter.
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> Enerev5 Metals Announces New Brokered Private Placement and Completion of First Tranche/ Termination of Prior Placement
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TORONTO, ONTARIO (September 23, 2022) - Enerev5 Metals Inc. (TSXV:ENEV) (OTCQB:ENEVF) (the "Company") announces that it intends to complete a brokered private placement of up to $500,000 of units ("Units"), with each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue. The Units are being offered on a brokered basis through IBK Capital Corp.(the "Agent").
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The Company has completed a first tranche of the placement with the issue and sale of 2,100,000 Units at a price of $0.05 per Unit for gross proceeds of $105,000 (the "First Tranche"). The Company paid the Agent a cash fee of $9,450, and issued to the Agent 210,000 non-transferable broker warrants (the "Broker Warrants") in connection with the completion of the First Tranche. Each Broker Warrant entitles the holder to acquire one Unit of the Company (having the same terms as those issued in the First Tranche) at a price of $0.05 until September 23, 2027. IBK Capital Corp. acquired all Units sold in the First Tranche and is a "connected issuer" and "related issuer" of the Company, as defined in Canadian securities legislation, by virtue of the ownership of securities of the Company by its directors and officers...
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> Enerev5 Metals Private Placement and Corporate Updates
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TORONTO, ONTARIO (September 2, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that the TSX Venture Exchange has granted an extension of up to 30 days for completion of the balance of the Company's brokered private placement through IBK Capital Corp. of up to $250,000 of units first announced on August 4, 2022. Each unit is priced at $0.05 and consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of $0.10 for a period of 24 months from the closing date. To date, the Company has completed one tranche of the private placement raising gross proceeds of $80,000 from the sale of 1,600,000 units.
By press release dated September 1, 2022, the Company announced that Peter Copetti, Executive Chairman and Chief Executive Officer, has relinquished these positions following the expiry of his management contract and that Mr. Copetti has also resigned as a director of the Company. As part of the transformation, and to assist the Company in its restructuring, Mr. Copetti has agreed to settle all outstanding unpaid remuneration owed to him under his management contract for the sum of $25,000. In addition, Mr. Copetti has agreed to surrender 6,700,000 of his 9,200,000 stock options and reduce the exercise period on the remaining options to August 31, 2023. John F. O'Donnell, the newly appointed interim CEO and Chairman stated, "I want to thank Mr. Copetti for his assistance and cooperation in the transition of the Company and wish him success in his future endeavours."
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> Enerev5 Metals Announces Changes to Management
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TORONTO, ONTARIO (September 1, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announced today that Peter Copetti, Executive Chairman and Chief Executive Officer, has relinquished these positions following the expiry of his management contract. Mr. Copetti has also resigned as a director of the Company.
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Mr. Copetti has been instrumental in restructuring and eliminating a significant portion of the Company's legacy debt since assuming a leadership role in August 2020 and leaves the Company with a much improved balance sheet and enhanced governance processes. The board of directors wishes to thank Mr. Copetti for his significant contributions to the Company during his two year tenure as its chief executive officer, which coincided with the severe challenges of the COVID pandemic, and positions Enerev5 to capitalize on developments in the green energy space.
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John O'Donnell, a current director of the Company, has been appointed as non-executive Chairman of the board of directors, and will also serve as interim Chief Executive Officer while the search for a permanent CEO is initiated. The Company does not presently intend to fill the vacancy on the board resulting from Mr. Copetti's resignation.
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> Enerev5 Metals Announces Brokered Private Placement and Completion of First Tranche
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TORONTO, ONTARIO (August 4, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that it intends to complete a brokered private placement of up to $250,000 of units ("Units"), with each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 for a period of two years from the date of issue. The Units are being offered on a brokered basis through IBK Capital Corp.(the "Agent").
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The Company has completed a first tranche of the placement with the issue and sale of 1,600,000 Units at a price of $0.05 per Unit for gross proceeds of $80,000 (the "First Tranche"). The Company paid the Agent a cash fee of $7,200, and issued to the Agent 160,000 non-transferable broker warrants (the "Broker Warrants") in connection with the completion of the First Tranche. Each Broker Warrant entitles the holder to acquire one Unit of the Company (having the same terms as those issued in the First Tranche) at a price of $0.05 until August 5, 2024. IBK Capital Corp. acquired all Units sold in the First Tranche and is a "connected issuer" and "related issuer" of the Company, as defined in Canadian securities legislation, by virtue of the ownership of securities of the Company by its directors and officers.
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> Enerev5 Metals Completes Final Tranche of Private Placement
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TORONTO, ONTARIO (July 11, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that it has completed the final tranche of its previously announced brokered private placement of units ("Units"), raising gross proceeds of $36,280 from the sale of 725,600 Units at a price of $0.05 per unit. Each Unit consisted of one common share of the Company and one common share purchase warrant (a "Warrant").
Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.10 for a period of two years from the date of issue. The Company paid the placement agent, IBK Capital Corp., a cash fee of $3,265, and issued to the placement agent 72,560 non-transferable broker warrants (the "Broker Warrants") in connection with the completion of the final tranche. Each Broker Warrant entitles the holder to acquire one Unit of the Company (having the same terms as those issued in the final tranche) at a price of $0.05 for a period of 2 years from date of issuance.
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> Enerev5 Metals Announces Brokered Private Placement and Completion of First Tranche
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TORONTO, ONTARIO (March 8, 2022) - Enerev5 Metals Inc. (TSXV: ENEV ) (OTCQB: ENEVF) (the "Company") announces that it intends to complete a brokered private placement of up to $500,000 of units ("Units"), with each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 for a period of two years from the date of issue. . The Units are being offered on a brokered basis through IBK Capital Corp.(the "Agent").
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The Company has completed a first tranche of the placement with the issue and sale of 3,000,000 Units at a price of $0.05 per Unit for gross proceeds of $150,000 (the "First Tranche"). The Company paid the Agent a a cash fee of $13,500, and issued to the Agent 300,000 non-transferable broker warrants (the "Broker Warrants") in connection with the completion of the First Tranche. Each Broker Warrant entitles the holder to acquire one Unit of the Company (having the same terms as those issued in the First Tranche) at a price of $0.05 until March 7, 2024. IBK Capital Corp.is a "connected issuer" and "related issuer" of the Company, as defined in Canadian securities legislation, by virtue of the ownership of securities of the Company by its directors and officers.
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Net proceeds from the First Tranche will be used for working capital and other general corporate purposes. All securities issued in the First Tranche are subject to a 4-month hold period.
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> Enerev5 Metals Provides Reminder for Upcoming Shareholders' Meeting
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TORONTO, ONTARIO (January 31, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") wishes to remind shareholders of the upcoming Annual Shareholders' Meeting to be held on Thursday, February 3, 2022 at 10:00am EST. Due to current COVID -19 restrictions in the City of Toronto, attendance in person will not be permitted and shareholders may listen to the meeting via conference audio link...
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Shareholders are therefore encouraged to vote their common shares via the form of proxy or voting instruction form, as applicable, previously provided by mail, prior to the applicable cut-off times. In order to address any specific queries which shareholders might have for Management regarding the Company, shareholders are invited to submit questions in advance of the meeting via email to pc@enerev5.com by no later than the close of business on Wednesday, February 2, 2022... Mr. Copetti will provide a full business update at the conclusion of the formal portion of the annual meeting.
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> Enerev5 Metals Announces New Stock Symbol
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TORONTO, ONTARIO (December 20, 2021) - Enerev5 Metals Inc. (TSXV: COBC) (OTCQB: COBCF) (the "Company") announces that the common shares of the Company will commence trading under the new stock symbol "ENEV" on the TSX Venture Exchange, and under the symbol "ENEVF" on the OTCQB, at the opening of trading today, Monday, December 20, 2021. There are no other changes to the Company's trading information.
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> Enerev5 Metals Announces Amendments to Stock Option Plan/Stock Option Grant
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TORONTO, ONTARIO (December 20, 2021) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (the "Company") announces that the Company has amended its 10% "rolling" stock option plan and granted additional stock options under the plan.
The Company has amended its 10% rolling stock option plan (the "Option Plan"), under which 20,659,711 shares are currently reserved for issuance, to comply with the requirements of the new TSX Venture Exchange policy governing security-based compensation which became effective November 24, 2021. The Option Plan has also been amended to allow option holders to exercise options on a "Cashless Exercise" or "Net Exercise" basis, as now expressly permitted by the new policy. The amendments are subject to shareholder ratification at the Company's annual meeting scheduled for February 3, 2022 and additional details regarding the amendments will be contained in the management information circular to be issued and filed on SEDAR in respect of the meeting...
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> Enerev5 Attends 2021 Nation Builder of the Year Award Event
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TORONTO, ONTARIO (December 7, 2021) - Enerev5 Metals Inc. (TSXV: COBC) (OTCQB: COBCF) ("COBC" or the "Company") announces it will be attending the 2021 Nation Builder of the Year Award sponsored by the Empire Club of Canada on December 9, 2021. Enerev5 Chairman and CEO Peter Copetti and Board Director Dr. Samuel Peralta have been invited to the head table of the special virtual event.
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This year's award is being presented to Perry Bellegarde, First Nations leader and human rights advocate. Mr. Bellegarde is a former National Chief of the Assembly of First Nations with a record of achievement built over 35 years in First Nations leadership and advocacy for Indigenous rights, human rights, and building bridges within Canada and globally.
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> Cobalt Blockchain Announces Name Change and Other Corporate Activities
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TORONTO, ONTARIO (November 9, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTCQB: COBCF) ("COBC" or the "Company") announces a name change to Enerev5 Metals Inc. ("Enerev5"), a further debt settlement, the appointment of a new qualified person ("QP") and related option grant, and details of its upcoming annual general meeting ("AGM").
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At its annual and special meeting held on December 18, 2020, shareholders approved a special resolution authorising an amendment of the articles of the Company to change the name of the Company. Pursuant to this shareholder approval, and in light of the types of projects that COBC is currently pursuing, the Company has changed its name from "Cobalt Blockchain Inc." to "Enerev5 Metals Inc."
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> Cobalt Blockchain Graduates to the OTCQB Venture Market
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TORONTO, ONTARIO (May 20, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) (OTCQB: COBCF) ("COBC" or the "Company") is pleased to announce that effective today, May 20, 2021, it has graduated from the OTC Pink Sheets, and its shares will now trade on the OTCQB Venture Marketplace ("OTCQB") under the symbol "COBCF".
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Peter Copetti, Executive Chairman and CEO of COBC, commented: "I am pleased that COBC will be graduating to the OTCQB Venture Marketplace, as this will increase awareness, visibility and potentially expand the Company's U.S. shareholder base, allowing a broader range of U.S. investors to invest in the Company."
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> Cobalt Blockchain Receives Claim for Entitlement to Payments from Former Contractor
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TORONTO, ONTARIO (April 28, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") yesterday received correspondence on behalf of a former independent contractor claiming an entitlement to payment of outstanding "salary" and expenses of US$329,000, 300,000 common shares of the Company and payment in respect of the termination of their services. The contractor was engaged to provide limited DRC-related consulting services to the Company in 2018. The Company believes the claims for entitlement to be completely without merit and intends to vigorously defend them.
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> Cobalt Blockchain Announces Termination of Negotiations for DRC Cobalt Hydroxide Plant
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TORONTO, ONTARIO (April 22, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announced today that negotiations have terminated with Traxys Europe S.A. ("Traxys") for the establishment of a commercial relationship with respect to the Traxys-owned cobalt hydroxide plant located in Lubumbashi, Democratic Rebublic of the Congo.
The parties had entered into a letter of intent in August of 2018 which contemplated further negotiations for the operation of the plant by COBC, a trade finance facility to be provided by Traxys to COBC, and an offtake agreement in favour of Traxys for cobalt concentrate produced from the plant. Negotiations between the parties have been ongoing since the signing of the letter of intent. The cobalt hydroxide plant was to have comprised a core piece of the Company's conflict-free, ethically sourced mining, processing, and metals trading platform.
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> Cobalt Blockchain Completes Debt Settlement
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TORONTO, ONTARIO (March 2, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announced today that, further to the Company's press release of February 8, 2021, it has completed the debt settlement with two arm's length creditors issuing 500,000 common shares at a deemed price of $0.085 per share to settle indebtedness of $187,822.All shares issued in the debt settlement transaction are subject to a 4-month hold period.
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> Cobalt Blockchain Appoints Members to Special Advisory Committee and Announces Settlement of Debt
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TORONTO, ONTARIO (February 8, 2021) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company")
announces that it has appointed Messrs. Julian Knight, Ngoy Kaumba Banza, Simeon Tshisangama, and Benjamin Clair, as members of its Special Advisory Committee. The Special Advisory Committee will provide guidance to the Board of Directors and management on strategic and operational matters of particular relevance to operations in the Democratic Republic of the Congo (“DRC”), as well as in other jurisdictions and industry verticals of interest.
“The Board is honoured to formally convene our Special Advisory Committee," noted Mr. Peter Copetti, Executive Chairman and Chief Executive Officer.
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"In addition to their unique expertise, each of the members has in-country experience in the DRC and elsewhere in Africa,” he added. “We are confident that their insights will assist our operational effectiveness and deliver enhanced value to our shareholders....”
Biographies of the members of COBC’s Special Advisory Committee are as follows....
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> Cobalt Blockchain Announces Management Change, Formation of a Special Advisory Committee, and Grant of Stock Options
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TORONTO, ONTARIO (February 1, 2021) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company")
announces a change in management, the formation of a Special Advisory Committee, and a grant of stock options.
The Company announces that Mr. Lance Hooper will be leaving the Company effective April 30, 2021. Mr Hooper has served as President and Chief Operating Officer since December 2017, when he was appointed in connection with the Company's acquisition of Belair African Metals SARL. Mr. Hooper has been instrumental in the pursuit of some of the Company's joint ventures in the Democratic Republic of the Congo (DRC), as well as contributing to the development of its mineral tracking platform, and the Company wishes to thank him for his contributions during his tenure.
The Company also announces that it is forming a Special Advisory Committee to provide guidance to the Board of Directors and management on strategic and operational matters of particular relevance to operations in the DRC, as well as in other jurisdictions and industry verticals of interest. Members will contribute unique skillsets in various fields to provide expert support to the board and management and deliver enhanced shareholder value. We expect to announce specific appointments to the Committee in due course.
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> Cobalt Blockchain Announces Results of Annual General Meeting, Updates Private Placement
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TORONTO, ONTARIO (December 21, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") is pleased to announce that shareholders overwhelmingly approved all items presented at its annual and special meeting of shareholders held on December 18, 2020.
In addition to the approval of all annual business items, shareholders ratified the Company’s recently adopted new general by-law and rolling 10% stock option plan and provided authorizations for a name change, a reduction in the minimum number of directors required by the Company’s Articles and for the board of directors to appoint additional directors between shareholder meetings.
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> Cobalt Blockchain Provides Reminder for Upcoming Annual General Meeting
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TORONTO, ONTARIO (December 11, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") wishes to remind shareholders of the upcoming Annual General Meeting to be held on Friday December 18, 2020 at 10:00am EST. Due to current COVID -19 restrictions in the City of Toronto, attendance in person is currently not permitted and shareholders may listen to the meeting via conference audio link by dialing: Local - Toronto (+1) 416-764-8658 / Toll Free - North America (+1) 888 886-7786
Shareholders who dial into the meeting through the call-in details above will not be permitted to vote at the meeting and therefore are encouraged to vote their common shares via the form of proxy or voting instruction form, as applicable, previously provided by mail, prior to the applicable cut-off times. In order to address any specific questions which shareholders might have for Management regarding the Company, shareholders are invited to submit questions in advance of the meeting via email to info@cobc.co by no later than the close of business on Thursday, December 17, 2020.
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> Cobalt Blockchain Updates Private Placement, Announces Adoption of New Stock Option Plan and By-Law
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TORONTO, ONTARIO (November 6, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company")
announces that the TSX Venture Exchange has granted a further extension of up to 30 days for completion of the balance of the Company's private placement of up to $4.5 million of units announced on August 14, 2020. Each unit is priced at $0.05 and consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of $0.20 for a period of 24 months from the closing date. To date, the Company has completed two tranches of the private placement on a brokered basis raising gross proceeds of an aggregate of $2,005,000 from the sale of 40,100,000 units.
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The Company also announces that its board of directors has adopted a new 10% rolling stock option plan and new general by-law for the Company modernizing and updating the prior versions of each...
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> Cobalt Blockchain Updates Private Placement and AGM
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TORONTO, ONTARIO (October 7, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announces that the TSX Venture Exchange has granted an extension of up to 30 days for completion of the balance of the Company's private placement of up to $4.5 million of units as announced on August 14, 2020. Each unit is priced at $0.05 and consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of $0.20 for a period of 24 months from the closing date. To date, the Company has completed two tranches of the private placement on a brokered basis raising gross proceeds of an aggregate of $2,005,000 from the sale of 40,100,000 units.
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The Company also announces that it is revising the date for holding its annual and special meeting of shareholders from Friday, November 27, 2020 to Friday, December 18, 2020...
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> Cobalt Blockchain Completes $1M Second Tranche of Private Placement, Settles $1.78M of Debt, Appoints New Director and Sets Annual Meeting
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TORONTO, ONTARIO (September 21, 2020) – Cobalt Blockchain Inc. (“COBC” or the "Company") (TSX VENTURE:COBC; OTC Pink:COBCF)
announced today that it has completed a second tranche of its previously announced private placement of up to $4.5 million of units (“Units”), raising gross proceeds of $1,005,000 (the “Second Tranche”)...
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The Company also announced that further to its news release on August 26, 2020, additional debt settlements have now been concluded. Together with these latest settlements, total debt of $1,780,052 has been settled by cash payments of $182,381 to related and third party creditors, and, subject to regulatory approval, to the issuance of an aggregate of 150,000 common shares at a deemed price of $0.065 per share to two arm’s length creditors...
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Subject to regulatory approval, John F. O’Donnell, BA, LLB has been appointed as a member of the Board of Directors of the Company, filling the vacancy arising from the resignation of Mr. H.J. Blake, QC. Mr. O’Donnell is a businessman and lawyer based in Toronto, Canada, and is primarily involved in the fields of corporate finance and securities law...
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The Company also announced that it will be holding an annual and special meeting of shareholders (“Meeting”) in Toronto on Friday, November 27, 2020. Due to COVID-19 and related health risks and restrictions on public gatherings, shareholders will be encouraged to not attend the Meeting in person and to vote by proxy in advance. A facility will be established for shareholders to dial in and listen to the Meeting proceedings by phone...
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> Cobalt Blockchain Completes $1M First Tranche of Private Placement and Announces Debt Dettlement
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TORONTO, ONTARIO (August 26, 2020) – Cobalt Blockchain Inc. (“COBC” or the "Company") (TSX VENTURE:COBC; OTC Pink:COBCF) announced today that it has completed a first tranche of its previously announced private placement of up to $4.5 million of units (“Units”), raising gross proceeds of $1,000,000 (the “First Tranche”).
The First Tranche was completed on a brokered basis with IBK Capital Corp. acting as Agent (the “Agent”). In the first tranche, the Company issued and sold 20,000,000 Units at a price of $0.05 per Unit, with each Unit consisting of one common share of the Company and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.20 until August 25, 2022. The Company is pursuing completion of the balance of the financing, which may be completed on a brokered or not brokered basis and in one or more tranches. Insiders of the Company may participate in some or all of further tranche...
In connection with the Company’s recent restructuring of its board and management team announced on August 17, 2020, it has also entered into debt settlement agreements with certain directors and officers and entities related to them for the settlement of accrued and unpaid fees owing to them in the aggregate amount of $1,480,983.64, by cash payments totalling $144,128. The debt settlements are conditional upon the reimbursement in full of amounts owed for loans, advances or payments made to or on behalf of the Company by such parties totalling $279,024. Completion of the the debt settlements, in conjunction with the completion of the First Tranche of the private placement, will allow the Company to significantly improve its balance sheet and working capital position...
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> Cobalt Blockchain Announces Changes to Board and Management Team; Reaffirms Focus on Ethical Cobalt
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TORONTO, ONTARIO (August 17, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) ("COBC" or the "Company") is pleased to announce a restructuring, effective immediately, of its board of directors and management team, reaffirming its focus on bringing ethically-sourced cobalt to market...
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COBC welcomes Peter Copetti who will join Peter Hooper and independent directors Michael Cachia, Patricia Mannard, and Samuel Peralta, on the board of directors. Mr. Copetti takes on the roles of Executive Chairman of the Board and Chief Executive Officer (CEO). Mr. Copetti has extensive experience in capital markets and corporate leadership, notably in restructuring, mergers and acquisition. Most recently, Mr. Copetti served as Executive Co-Chairman of the Board and interim CEO of POET Technologies, which transformed from a strategic gallium play, into a gallium arsenide photovoltaic company, and finally Mr. Copetti identified and was a key player in POET's acquisition of DenseLight and BB Photonics...
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> Cobalt Blockchain Announces Increase in Private Placement Financing
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TORONTO, ONTARIO (August 14, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") is pleased to announce that further to its press release dated April 17, 2020, it has increased the size of its private placement financing ("The Offering") to a maximum of 90,000,000 Units at a price of $0.05 per Unit for a gross proceeds of up to $4,500,000. The initial $1,000,000 tranche is expected to be completed within the next several business days subject to final acceptance of the TSX Venture Exchange.
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Each Unit issued pursuant to the Offering consists of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.20 for a period of two years from the date of its issuance. The Offering may be brokered in whole or in part.
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The Company intends to use the net proceeds of the Offering to fund for working capital and general corporate purposes....
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> Cobalt Blockchain Announcement Regarding Private Placements
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TORONTO, ONTARIO (February 10, 2020) – Cobalt Blockchain Inc. ("COBC" or the "Company") (TSX-V: COBC; OTCQB: COBCF) announces that it is working towards completing the previously announced private placement offering (the "Offering") through the issuance of units ("Units") at a price of $0.05 per Unit raising gross proceeds of $1,000,000, subject only to final approval of the TSX Venture Exchange. The placement is unbrokered.
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Each Unit to be issued pursuant to the Offering will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Common Share at a price of $0.20 for a period of two years from the date of its issuance.
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The Company intends to use the net proceeds of the Offering to fund i) commissioning of the hydroxide plant in Democratic Republic of Congo and ii) for working capital and general corporate purposes....
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> Prior releases available on SEDAR
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Note on continuity of news and listing history:
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On November 9, 2021, the TSX Venture Exchange confirmed that, pursuant to a resolution passed by shareholders on December18, 2020, the Company has changed its name and listing from Cobalt Blockchain Inc. (TSXV:COBC) to Enerev5 Metals. (TSXV:COBC). Trading symbol change to be announced in due course.
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On March 22, 2018, the TSX Venture Exchange confirmed that, pursuant to a resolution passed by shareholders on March 13, 2018, the Company changed its name and listing from Peat Resources Limited (TSXV:PET) to Cobalt Blockchain Inc. (TSXV:COBC).
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