Global Cobalt Corporation (TSXV:GCO) announced a non-brokered private placement of 3,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 150,000 on November 21, 2014. Each unit consists of one common share and one warrant. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.065 per share for a period of 24 months from the closing date. The company may pay finder's fees to arm's-length third parties consisting of up to 8% of the gross proceeds and will issue broker warrants in an amount up to 8% of the total number of units. Each broker warrant will entitle the holder to purchase one unit of the company at a price of CAD 0.065 per unit at any time up until 24 months from the date of issue. All securities to be issued will be subject to a hold period of four months and one day following the issue date, under applicable Canadian securities legislation. The transaction is subject to TSX Venture Exchange approval.

On November 25, 2014, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from five places. Euro Pacific Canada acted as the finder to the company. The compay will pay a finder's fee of CAD 12,000 and will issue 240,000 finder's warrants to Euro Pacific Canada.