June 26 (Reuters) - First Cobalt Corp FCC.V :
* CobalTech to merge with First Cobalt
* Says CobalTech will receive 0.2632 of a First Cobalt common share for each CobalTech common share
* Says deal represents an equivalent of $0.20 per CobalTech share
* Says CobalTech will maintain position in First Cobalt, allowing upside participation as First Cobalt progresses with exploration programs Source text for Eikon: ID:nCCNzpVXJa Further company coverage: FCC.V