Extension of rights issue closing date

Cobalt Blue Holdings (ASX:COB) has extended the closing date for its pro-rata non-renounceable rights issue offer to December 20, 2024. This extension provides additional time for eligible shareholders to participate in the offer, which allows for the purchase of 1 new share for every 5 held at $0.072 each.

Cobalt Blue Holdings rights issue outlook

Cobalt Blue Holdings has adjusted the timeline for its rights issue offer, now closing on December 20, 2024. This extension aims to provide shareholders with more time to engage in the offer, purchasing shares at a set price. The funds raised will be directed towards the company's projects such as the Kwinana Cobalt Refinery, BHCP strategic review, and ReMine+ opportunities. This move aligns with Cobalt Blue Holdings' strategic intentions to bolster its financial base and invest in growth-oriented initiatives. Shareholders are encouraged to review the Offer Booklet and consider consulting financial advisors for more personalized advice.

Executive commentary on rights issue extension

The extension of the closing date is aimed at giving our shareholders more flexibility and time to consider their participation in the rights issue. We believe this initiative will support the funding of our key projects, including the Kwinana Cobalt Refinery and other strategic opportunities.