ENERGY MINERALS

Anson blasts Cobalt 27 deal

Cobalt 27 Capital shareholder Anson Funds has launched a scathing attack on management as it hit out against its proposed sale to Swiss-based private equity group Pala Investments, stating the C$406 million offer for the 81% of Cobalt 27 it doesn’t own “significantly undervalues the company”. The $5.75 a share offer includes $3.57 in cash and $2.18 scrip in a new TSXV-listed company, Nickel 28 Capital.