May 1 (Reuters) - First Cobalt Corp FCC.V :
* FIRST COBALT ANNOUNCES INVESTMENT IN ECOBALT SHARES
* FIRST COBALT CORP - ACQUIRED 9.6 MILLION COMMON SHARES OF ECOBALT SOLUTIONS INC
* FIRST COBALT CORP - INTENDS TO ISSUE 21.3 MILLION COMMON SHARES OF FIRST COBALT AT C$0.17