July 8 (Reuters) - ANSON FUNDS:
* ANSON FUNDS COMMENTS ON COBALT 27 - PALA TRANSACTION
* BELIEVES CURRENT PROPOSAL "HIGHLY UNLIKELY" TO RECEIVE NECESSARY "MAJORITY OF MINORITY" SHAREHOLDER APPROVAL
* INTENDS TO VOTE AGAINST COBALT 27 - PALA TRANSACTION
* ESTIMATES COBALT 27'S VB STREAM HAS NET ASSET VALUE OF $250 MILLION AT 5 YEAR AVERAGE OF COBALT PRICES OF ABOUT $20/LB