Jervois Mining to buy eCobalt Solutions for $43m.

eCobalt Solutions, an advanced-stage development company with its flagship asset being the Idaho Cobalt Project, and Jervois Mining, Australian cobalt developer, agreed to combine. Jervois will acquire all of the issued and outstanding common shares of eCobalt that Jervois does not already own (currently c. 4.5% shares). Each common share of eCobalt will be exchanged for 1.65 common shares of Jervois. This represents an implied offer price of C$0.36 ($0.27) per eCobalt share based on the closing price of Jervois' common shares on the ASX on March 29, 2019.