Dec 7 (Reuters) - Cobalt 27 Capital Corp KBLT.V :
* COBALT 27 ANNOUNCES $85M BOUGHT DEAL OFFERING OF COMMON SHARES
* COBALT 27 CAPITAL - TO USE PROCEEDS FROM OFFERING TO BUY UP TO 720 METRIC TONNES OF PHYSICAL COBALT UNDER OPTION FOR PURCHASE PRICE OF ABOUT US$58 MILLION
* COBALT 27 CAPITAL - ENTERED AGREEMENT UNDER WHICH CO WILL ISSUE 8.1 MILLION COMMON SHARES ON BOUGHT DEAL BASIS AT $10.50 PER COMMON SHARE