Cobalt Power Group Inc, Annouces Stock Option Grant
142-1146 Pacific Blvd.
Vancouver, BC V6Z 2X7 Tel: 604.620.7737 www.cobaltpowergroup.com
NEWS RELEASE
TSX.V: CPO October 27, 2016
COBALT POWER GROUP INC, ANNOUCES STOCK OPTION GRANT
October 27, 2016 Vancouver, British Columbia – Cobalt Power Group Inc. (TSX.V: CPO) is pleased to announce that effective today the Board of Directors of the Company has approved a resolution to grant incentive stock options to purchase 1,640,000 shares of the company at $0.11 per share. The options will Exchange.
be exercisable for a period of 5 years and are subject to regulatory approval from the TSX Venture
About Cobalt Power Group Inc. Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX-V: CPO) focused on cobalt exploration and development. The company plans to acquire, de-risk and advance cobalt assets in mining friendly jurisdictions prior to seeking joint venture partnerships.
On behalf of the Board of Directors
“Andreas Rompel”
_________________ Dr. Andreas Rompel, President and CEO Cobalt Power Group Inc.
www.cobaltpowergroup.com
We seek safe harbor.
For additional information, please contact Daniel Caamano, VP Corporate Communications or Judy A. McCall, Corporate Secretary at: 604.620.7737. The company’s profile may also be viewed on www.sedar.com.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Forward Looking Information
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. WARNING: The Company relies on litigation protection for “forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.