Toronto, Ontario – (Newsfile Corp. – March 2, 2021) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) (“COBC“or the”Society”) announced today that, following the Company’s press release dated 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 a debt of $ 187,822. All shares issued as part of the debt settlement transaction are subject to a 4-month holding period.
About Cobalt Blockchain Inc.
Cobalt Blockchain Inc. (TSXV: COBC) is a Canadian resource company expanding its exploration and development activities to include cobalt assets in the Democratic Republic of Congo (“DRC”). The Company believes it is the first mining and mineral trading company created specifically to source cobalt in accordance with the due diligence framework of the Organization for Economic Co-operation and Development (“OECD”). COBC has developed and is implementing a blockchain-based reporting platform to provide greater certainty of provenance and additional assurance that all minerals purchased are of ethical origin.
For more information on the Company, investors should consult the documents filed by the Company at the address www.sedar.com.
For more information, please contact:
Executive Chairman and CEO
Cobalt Blockchain Inc.
Phone: + 1-416-519-4009
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.