eCobalt announces close of C$17.25 million bought deal financing

On February 28, 2017, eCobalt Solutions Inc. (“eCobalt”) completed a bought deal public offering (the “Offering”) of 17.25 million units (the “Units”) at a purchase price of C$1.00 per Unit, for aggregate gross proceeds of C$17.25 million. Each Unit consisted of one common share and one-half of one common share purchase warrant. The Offering was completed under a prospectus supplement to a short form base shelf prospectus. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. Fasken Martineau advised eCobalt with a team that included Chuck Higgins and David Steinhauer (Securities) and Ron Nobrega (Tax).