Global Cobalt Extends Private Placement to August; Settles Debt with Shares

Global Cobalt Corp. (TSXV:GCO) announced that it has extended the closing of the previously announced private placement by 30 days to August 21. The company also announced that it has entered into settlement agreements with creditors of the company that will see Global Cobalt issue common shares at a price of $0.05 per common share in full and final settlement of the amounts owing to creditors.