Oct 1 (Reuters) - Cobalt 27 Capital Corp KBLT.V :
* PALA INVESTMENTS AND COBALT 27 ANNOUNCE SIGNIFICANT IMPROVEMENTS TO ARRANGEMENT TRANSACTION AND NEW SHAREHOLDERS MEETING DATE OF OCTOBER 11, 2019
* COBALT 27 - CASH PORTION OF DEAL PRICE INCREASED TO C$4.00 PER SHARE FROM C$3.57 PER SHARE,REPRESENTING AN ADDITIONAL C$30 MILLION OF CASH CONSIDERATION
* COBALT 27 CAPITAL CORP - TERMINATION FEE IN EVENT OF A SUPERIOR PROPOSAL REDUCED BY 50%
* COBALT 27 CAPITAL CORP - PALA CONFIRMS THESE IMPROVED TERMS ARE ITS BEST AND FINAL OFFER
* COBALT 27 CAPITAL CORP - CASH CHANGE OF CONTROL PAYMENTS REDUCED BY 46%
* COBALT 27 CAPITAL - NEW AGREEMENT CONTINUES TO PROVIDE THAT PALA TO REPAY CO'S NET DEBT, LEAVING NICKEL 28 WITH NO CORPORATE DEBT