PUGET VENTURES TO BECOME GLOBAL COBALT CORPORATION
Puget Ventures Inc. files Final Short Form Prospectus to raise funds to develop the Karakul Cobalt Property in Altai Russia.
Highlights strategic funding partnership with CITIC subsidiary Beijing AXHA Investment Company on the development on the Karakul Cobalt Project in Altai, Russia and reports on the signing of an MOU with China Aluminum International Engineering Corporation as EPC contractor for the development of Karakul.
These partnerships solidify the Company's objective of advancing the Karakul Cobalt Project to the development stage and establishing itself as a leader in the strategic metals sector. Given the magnitude of these partnerships, with not only a premier mining finance group but also a world-class engineering corporation, Puget Ventures considers this a significant evolution in the Company's movement towards the conclusion of the Pafra Transaction and re-emergence to the markets as Global Cobalt Corporation.