Pala Investments increases stake in Cobalt 27 Capital
Swiss mining private equity firm Pala Investments has acquired about $19 million worth of common shares in Cobalt 27 Capital Corp (TSX-V: KBLT), a Toronto-based electric metals investment vehicle. The deal increases Pala's interest in the company to about 18.5 percent. Established in 2017, Cobalt 27 invests in metals key to technologies of the electric vehicle and battery energy storage markets. It is led by Chairman and CEO Anthony Milewski, a Pala managing director. In January, Cobalt 27 agreed to acquire Highlands Pacific Ltd, an Australian mining company.
26 February 2019•2 mins read
