Feb 22 (Reuters) - Cobalt 27 Capital Corp KBLT.V :
* COBALT 27 ACQUIRES ROYALTY ON DUMONT, A WORLD CLASS, CONSTRUCTION READY NICKEL COBALT PROJECT IN CANADA
* COBALT 27 ACQUIRES ROYALTY ON DUMONT, A WORLD CLASS, CONSTRUCTION READY NICKEL COBALT PROJECT IN CANADA
* SAYS COBALT 27 IS NOT RAISING CAPITAL TO FUND ACQUISITION OF NSR, WHICH IS IMMEDIATELY ACCRETIVE TO NAV PER SHARE
* SAYS ACQUIRED A 1.75% NET SMELTER RETURN ("NSR") ROYALTY ON ALL FUTURE PRODUCTION OVER ALL METALS FROM DUMONT NICKEL-COBALT PROJECT
* SAYS THE 1.75% NSR ROYALTY CONTAINS A US$15 MILLION BUYBACK RIGHT TO DUMONT JOINT VENTURE TO REPURCHASE 0.375% OF 1.75% NSR
* SAYS TERMS OF REPURCHASE OPTION IMPLY A US$70 MILLION VALUE FOR ENTIRE 1.75% NSR
* SAYS ONE-TIME REPURCHASE OPTION IS ONLY EXERCISABLE ON THIRD, FOURTH OR FIFTH ANNIVERSARY OF ORIGINAL ROYALTY AGREEMENT DATED JULY 8, 2015
* SAYS CURRENTLY NEGOTIATING ADDITIONAL COBALT STREAMING AND ROYALTY AGREEMENTS WHERE COBALT IS MINED AS A BYPRODUCT METAL
* SAYS JUSTIN COCHRANE, DIRECTOR & PRESIDENT OF COBALT 27, APPOINTED CHAIRMAN AND CEO OF ELECTRIC METALS STREAMING
* SAYS ELECTRIC METALS STREAMING WILL BE OVERSEEN BY AN INDEPENDENT STREAMING COMMITTEE OF BOARD OF DIRECTORS OF COBALT 27
* SAYS PRODUCTION IS ANTICIPATED TO COMMENCE IN 2020 AT DUMONT NICKEL-COBALT PROJECT