Pacific Rim Closes Non-Brokered Financing
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Pacific Rim Closes Non‐Brokered Financing
Vancouver, B.C. – February 12, 2019 – Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim Cobalt”)
(CSE: BOLT) (FRANKFURT: NXFE) is pleased to announce that the n on‐brokered private placement
previously announced on February 7, 2019 (the “Offering” ) h a s n o w c l o s e d . U n d e r t h e O f f e r i n g , t h e
Company issued 10,541,667 units (each a “Unit”) at a price of $0.12 per Unit for gross proceeds of
$1,265,000. Each Unit was 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 Common Share at pri ce of $0.20 per Common Share until
February 12, 2020, subject to acc elerated expiry provisions. In the event the closing price of the
Company’s Common Shares exceeds $0.30 per Common Share for a period of 10 consecutive trading days
at any time, then at the Company’s election, the 12 month perio d within which the Warrants are
exercisable will be reduced and the holders of the Warrants will be entitled to exercise their Warrants for
a period of 30 days commencing on the day the Company provides the acceleration notice via press
release or written notice to all Warrant holders (the “ Acceleration Period”). Any outstanding Warrants
not exercised during the Acceleration Period will expire on completion of the Acceleration Period.
In connection with the Offering, the Company paid a total of $25,928 in cash to eligible finders who
introduced subscribers to the Offering.
All securities issued under the Private Placement, including se curities issuable on exercise thereof, are
subject to a hold period expiring June 13, 2019.
The Company intends to use the net proceeds from the Offering f or drilling and exploration, metallurgy
and processing testing, and general working capital purposes.
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‐loo k i n g i n f o r m a t i o n a r e b a s e d o n
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 nec essarily 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 cap ital 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‐l ooking 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 its Regulation Ser vices Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts respo nsibility for the adequacy or accuracy of
this release.