Chilean Cobalt Corp.

01/16/2025 | Press release | Distributed by Public on 01/16/2025 15:02

Private Placement (Form 8-K)

Item 3.02 Unregistered Sales of Equity Securities.

On January 10, 2025, Chilean Cobalt Corp., a Nevada corporation (the "Company") entered into three (3) stock purchase agreements with certain investors in respect of the purchase and sale of an aggregate amount of 999,995 shares of the Company's Series B Convertible Preferred Stock for an aggregate cash consideration of $449,998. Such shares of Series B Convertible Preferred Stock were issued in accordance with the terms and conditions set forth in the Amended and Restated Series B Certificate (as defined in Item 3.03 of the Form 8-K filed on January 3, 2025).

The issuance of shares of the Company's Series B Convertible Preferred Stock as disclosed in this Item 3.02 were made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D promulgated thereunder.