Business
Fuse Cobalt Raises $437,642 through Exercised Warrants
(via TheNewswire) Vancouver, BC - TheNewswire - July 16, 2020 - Fuse Cobalt Inc. (...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Fuse Cobalt Raises $437,642 through Exercised Warrants(via TheNewswire)\n\n \nVancouver, BC - TheNewswire - July 16, 2020 - Fuse Cobalt Inc. (\"the Company\" or \"Fuse\") (TSXV:FUSE) (OTC:FUSEF) (FRA:43W3) \") is pleased to announce that since the end of May, 2020 the Company has received $437,642 as a result of the exercise of 12,409,832 (post-split) share purchase warrants.\n\n \n \nThe warrants were issued in connection with private placements and had exercises prices of $0.025 and $0.045 (post-split) per share. The Company intends to use the proceeds for exploration and development and general working capital purposes.\n\n \n \nAbout Fuse Cobalt Inc. www.fusecobalt.com\n\n\n \nFuse Cobalt Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required for the manufacturing of batteries.\n\n \n \nOntario Cobalt Properties: Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project which consists of 785 hectares of land and is also located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agaunico Mine, a former producer of both silver and cobalt.\n\n \n \nTeels Marsh Property Fuse owns a 100% interest in 100 claims covering 2000 acres (809 hectares) in Teels Marsh, Nevada; The property called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America's only producing brine-based Lithium mine supporting lithium production since 1967.\n\n \n \nOn Behalf of the Board of Directors\n\n \n \n\"Robert Setter\"\n\n \n \nRobert Setter, President &CEO\n\n \n \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\n \nThis news release may contain forward-lookin...