Pacific Rim Announces Non‐Brokered Private Placement
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Pacific Rim Announces Non‐Brokered Private Placement
Vancouver, B.C. – February 6, 2020 – Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim Cobalt”)
(CSE: BOLT) (FRANKFURT: NXFE) is pleased to announce a non‐brokered private placement (the
“Offering”) for aggregate gross proceeds of $742,164.48. The Company intends to use the net proceeds
from the Offering to fund development of its nickel‐cobalt business in Indonesia as well as general working
capital purposes.
Pursuant to the Offering, the Company will issue 6,184,704 units (each a “Unit”) at a price of $0.12 per
Unit. Each Unit is comprised of one (1) common share in the capital of the Company (each a "Common
Share") and one (1) transferable Common Share purchase warrant (each, a “Warrant”). Each Warrant
entitles the holder to purchase one (1) Common Share for one year at an exercise price of $0.16 per
Common Share.
In connection with the Offering, the Company will pay a 5% fee in cash to eligible finders who introduce
subscribers to the Offering.
All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a
four month resale restriction.
The Offering is expected to close imminently.
About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canadian‐based exploration company focused on the acquisition and development
of production grade cobalt and nickel deposits, key raw material inputs for the growing lithium‐ion battery
industry. Visit https://pacificrimcobalt.com/ to find out more.
Pacific Rim Cobalt Corp.
Ranjeet Sundher – President and CEO
(604) 922‐8272
Steve Vanry – CFO & Director
(604) 922‐8272
Sean Bromley – Director & Investor Contact
(778) 985‐8934
Reader Advisory
This news release may include forward‐looking information that is subject to risks and uncertainties. All statements
herein, other than statements of historical fact, are to be considered forward‐looking, including statements with
respect to the completion of, and use of proceeds from, the Offering. Although the Company believes the expectations
expressed in such forward‐looking information are based on reasonable assumptions, such information is not a
guarantee of future performance and actual results or developments may differ materially from those contained in
forward‐looking information. Information provided in this document is necessarily summarized and may not contain
all available material information. Although Pacific Rim Cobalt has attempted to identify important factors that could
cause actual results, performance or achievements to differ materially from those contained in the forward‐looking
statements, there can be other factors that cause results, performance or achievements not to be as anticipated,
estimated or intended. Factors that could cause actual results to differ materially from those in forward‐looking
information include, but are not limited to, fluctuations in market prices, success of the operations of the Company,
continued availability of capital and financing and general economic, market or business conditions. There can be
no assurances that such information will prove accurate and, therefore, readers should not place undue reliance on
forward‐looking statements. The forward‐looking statements in this news release are made as of the date of this
news release, and the Company does not assume any obligation to update any forward‐looking information except
as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.