TORONTO, Sept. 7, 2018 /CNW/ - Cobalt Blockchain Inc.
("COBC" or the "Company") (TSXV:COBC) announces that it has
terminated its Letter of Intent dated September 29, 2017 with Noble Mineral Exploration
Ltd. ("Noble") with respect to Noble's Dargavel Township property
(see October 2, 2017 Press
Release).
On August 27, 2018 Noble announced
that it would be unable to provide geological information on its
property in the near future. Accordingly, COBC terminated the
Letter of Intent.
About Cobalt Blockchain Inc.
Cobalt Blockchain Inc. (TSXV:COBC) is a Canadian resource
company expanding its exploration and development business to
include cobalt assets in the Democratic Republic of the
Congo (DRC). COBC has acquired a
100% interest in an existing metals trading business specializing
in sourcing minerals from artisanal and small-scale mines in the
DRC, in compliance with international procurement standards.
Leveraging its experience with existing supply chain due diligence
initiatives, COBC is working with partners to develop a blockchain
based reporting platform to provide greater certainty of provenance
and further assurance that all minerals procured are
ethically-sourced. Senior management have over twelve years of
experience working in the DRC and a proven international track
record in exploration success and the trading of certified
conflict-free, child-labour-free minerals.
Forward-Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the statements. There are certain factors
that could cause actual results to differ materially from those in
forward-looking statements. These include market prices,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information on the Company,
investors should review registered filings at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Cobalt Blockchain Inc.