On October 11, 2019, Cobalt 27 Capital Corp. announced that, at its annual general and special meeting of shareholders, the Company shareholders have approved the arrangement resolution under which Pala Investments Limited will acquire 100% of the Company’s issued and outstanding common shares by way of a plan of arrangement under the Business Corporations Act. The Company added that under the arrangement, each of the Company shareholder would receive total consideration of C$5.92 per share, comprised of C$4.00 in cash plus one share of Nickel 28 Capital Corp. with an implied value of C$1.92 per share.