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Cobalt Power Group Closes Non-brokered Private Placement


Cobalt Power Group Inc. (TSX.V: CPO) is pleased to announce that, pursuant to a price reservation and conditional acceptance by the TSX Venture Exchange, it has closed a non brokered private placement of 13,640,000 units for gross proceeds of CDN $1,500,400.

The non-brokered private placement closed on January 10, 2018, and consisted of the placement of 13,640,000 units at a price of $0.11 per unit. Each unit consisted of one common share of the Company and one-half transferable share purchase warrant with one full warrant entitling the holder to purchase one additional common share of the Company at a price of $0.28 for a period of two (2) years following the date
of closing.

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