Image: Cobalt, fraction of a cathode, 2 x 2 cm. Photo courtesy of Jurii/Wikipedia.

Cobalt 27 acquired the Flemington and Nyngan royalties from Jervois Mining Limited for total consideration of US$4.5 million, comprised of US$1.5 million in cash and 422,856 common shares of the Company which shares will be subject to a four month hold period from the date of issuance in accordance with applicable Canadian securities laws.

Source: Company Press Release