NetworkNewsBreaks – Two Independent Proxy Advisory Firms Recommend US Cobalt Inc. (TSX-V: USCO) (OTCQB: USCFF) Shareholders to Vote in Favor of Proposed Acquisition by First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF)
Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF), together with US Cobalt Inc. (TSX-V: USCO) (OTCQB: USCFF), this morning announced that two independent proxy advisory firms, Institutional Shareholder Services and Glass, Lewis & Co., have recommend that US Cobalt shareholders vote "FOR" the previously announced acquisition by First Cobalt. US Cobalt’s Board of Directors have also unanimously recommended that the shareholders vote in favor of the transaction. Per the terms of the transaction, all issued and outstanding common shares of US Cobalt will be exchanged on the basis of 1.5 First Cobalt common shares for each…
