COQUITLAM, BC, Nov. 27, 2018 /CNW/ - Canada Cobalt Works Inc.
(TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada
Cobalt") is pleased to announce that it has secured DTC eligibility
by the Depository Trust Company ("DTC") for its shares traded on
the OTC Market Group Inc.'s OTCQB Venture Market in the United States, under the symbol "CCWOF"
effective November 26, 2018.
The DTC is a subsidiary of the Depository Trust & Clearing
Corporation and manages the electronic clearing and settlement of
publicly traded companies. Securities that are eligible to be
electronically cleared and settled through DTC are considered "DTC
eligible." This electronic method of clearing securities speeds up
the receipt of stock and cash, and thus accelerates the settlement
process for investors and brokers, enabling the stock to be traded
over a much wider selection of brokerage firms by coming into
compliance with their requirements. Being DTC eligible is
expected to greatly simplify the process of trading and
transferring the Company's common shares on the OTCQB.
DTC is focused on creating liquidity and stability in the global
capital markets by providing electronic clearance and settlement of
equity trades. Having access to DTC services gives the Company
greater exposure to the capital markets while at the same time
offers various services including greater transparency of the
Company's shares.
About Canada Cobalt Works Inc.
www.canadacobaltworks.com
Canada Cobalt is a pure play cobalt company focused on its past
producing Castle mine in the Northern Ontario Cobalt Camp,
Canada's most prolific cobalt
district. With underground access at Castle, a recently installed
pilot plant to produce cobalt-rich gravity concentrates on site,
and a proprietary hydrometallurgical process known as Re-2OX for
the creation of technical grade cobalt sulphate as well as
nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is
strategically positioned to become a vertically integrated North
American leader in cobalt extraction and recovery.
"Frank J. Basa"
Frank J. Basa, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Canada Cobalt Works Inc.