16 16 Page 16 By Gregory Reynolds Cruz Cobalt Corp believes it has an advantage in the mining of cobalt be cause it moved into the feld before its competitors Company president James Nelson says Cruz s advantage is that we have multiple high grade cobalt projects in North America and have been enjoy ing frst mover status in the space by being able to acquire these high his torical grade cobalt projects before the recent rush into the sector W e have cash on hand and plan to have a very active work season Man agement feels that cobalt prices are starting a signifcant price climb sim ilar to the move that lithium enjoyed over the past two years Cobalt prices closed at a new fve year high in January and we are ex tremely optimistic about the short and long term growth drivers on Cruz Co balt Corp On Feb 7 2017 the company also re ported it was fully Depository T rust Company DTC eligible on the USA markets Being fully DTC eligible will now enabl e USA brokerage frms to clea r Cruz shares in their home market not via the Canadian market therefore creat ing a much more trans parent and easily accessible trading situation for the USA market Nelson stated by changing the name to Cruz Cobalt Corp from Cruz Capi tal Corp manag ement feels it will ac curately refect the company s focus on cobalt Cruz employed early mover advan tage as Cruz has been able to acquire what we feel is one of the best col lections of cobalt prospects in North America before the majority of the recent cobalt entrants were in the space Cruz currently has seven cobalt proj ects located in Canada and one in Idaho Cruz s four separate Ontario cobalt prospects in and around the T own of Cobalt in Northeastern On tario according to government min eral fles returned cobalt grades of 13 on the 900acre Coleman Cobalt Prospect and 105 cobalt on the 900acre Johnson Cobalt Prospect The 5500acre Hector Cobalt Pros pect was a past producing cobalt mine and the 1480acre Bucke Cobalt Prospect returned cobalt grades of 13 Our W ar Eagl e Cobalt Prospect in British Columbia covers a past pro ducing mine as well and returned as says of 65 cobalt Based on these projects management feels that Cruz has amassed a quality portfolio of Cobalt assets that have some of the highest historic cobalt grades in North America which sets Cruz apart from most cobalt compa nies in the junior space W e feel that 2017 will be a break out year for cobalt prices and Cruz is well positioned to take full advantage of this W e plan to commence full op erations on these projects with our goal to make Cruz the goto North American Cobalt project generator and developer The frst half of 2017 will be an ex tremely active period for Cruz and management is optimistic about what will be discovered by Cruz on our co balt properties states Nelson Cruz is actively engaged in acquir ing and develo ping high grade cobalt projects in politically stable environ mentally responsible and ethical min ing jurisdictions Management feels that cobalt is at the early stages of a signifcant bull mar ket and it is pleased to be positioning Cruz at the forefront of this cycle On July 22 2016 the company en tered into a share purchase agree ment with four arm s length vendors to purchase 100 of the issued and outstanding shares of Cobalt Locators Inc which holds a 100 interest in two cobalt prospects in BC BC Pur cell Cobalt Prospect and a 50 inter est in four cobalt prospects in Ontario ON Coleman Cobalt Prospect ON Bucke Cobalt Prospect ON Hector Cobalt Prospect and ON Johnson Co balt Prospect The acquisition was accounted for as an asset acquisition In August 2016 the company paid 20000 cash and issued 4800000 shares issued at a value of 816000 to the vendors pursuant to the agreement Cobalt Lo cators Inc became a whollyowned subsidiary of the company The ac quisition costs had been split evenly between these six cobalt properties In September 2016 the company ac quired a 100 interest in cert ain min eral claims in Ontario ON Johnson Cobalt Prospect ON Bucke Cobalt Prospect and ON Hector Cobalt Pros pect for staking costs of 19500 Subsequent to October 31 2016 the company acquired a 100 in certain mineral claims in Ontario to increase the holdings in its Coleman Cobalt Prospect for staking costs of 2300 Early lead in search for cobalt seen as Cruz Cobalts advantage COBAL T SPECIAL FEA TURE Page 16 Page 17 COBAL T SPECIAL FEA TURE GardaWorld has unmatched experience in providing security services at some of the most challenging industrial sites in Canada We help prevent the disclosure of confidential information losses vandalism and assaults on employees Our control centres operators assist both onsite GardaWorlds employees and clients at all time and handle alarm response requests 247365 Our nationwide ISO 9001 certification in quality management guarantees that we continuously learn from security best practices to expand our expertise and improve our service offering with a focus on occupational health and 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