RIGHTS ISSUE SHORTFALL AND CHANGE IN OPTION EXERCISE PRICE

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Executive Summary:

Northern Cobalt (ASX:N27) advises that the recent 1 for 3 Rights Issue at 5 cents per share, with one free attaching option for every 2 shares subscribed closed on 17 June 2019. The board advises that, including additional shares that were applied for, shareholders subscribed for a total of 2,576,400 shares. That number is made up of 2,235,159 entitlement shares and 341,241 shares additionally subscribed.

 

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