International Cobalt Corp. (CNSX:CO) announced a non-brokered private placement of 2,350,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 376,000 on June 8, 2021. Each unit will consist of one common share and one transferable share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share for a period of twenty-four months from closing of the transaction at a price of CAD 0.25 per common share. No finders’ fees are paid in the transaction. All securities issued are subject to a statutory four-month and one day hold period from the date of issuance.