Multiple buying at eCobalt Solutions (ECS)

Multiple buying at eCobalt Solutions (T:ECS)

David Smith, a Director, acquired 40,000 Common Shares on a direct ownership basis at a price of $1.300 through a prospectus or prospectus exempt offering on February 23rd, 2018. The insider also acquired 20,000 Warrants Private Placement Subscriptions with an exercise price of $1.950 for 18 months. This represents a $52,000 investment into the company's shares and an account share holdings change of greater than 100%.

On the same terms, Marcus Tuan Quoc Tran, CFO, acquired 20,000 Common Shares and 10,000 Warrants Private Placement Subscriptions. This represents a $26,000 investment into the company's shares and an account share holdings change of 10.3%. John Paul Farquharson, CEO and Director, acquired 15,000 Common Shares and 7,500 Warrants Private Placement Subscriptions on a direct ownership basis. This represents a $19,500 investment into the company's shares and an account share holdings change of 1.7%. Finally, Gregory Eric Honsinger, a Senior Officer, acquired 10,000 Common Shares and 5,000 Warrants Private Placement Subscriptions on a direct ownership basis. This represents a $13,000 investment into the company's shares and an account share holdings change of 6.4%.

eCobalt Solutions is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Ecobalt Solutions Inc, formerly Formation Metals Inc, is a mineral exploration and mine development company. The Company's primary project is Idaho Cobalt Project (ICP), which is located in the mining state of Idaho. The Company's segments include Exploration and ICP development, and Corporate. It holds mineral exploration properties in Canada, the United States and Mexico. ICP property covers an area of approximately 4,080 acres and includes over 170 mining claims. ICP consists of the mine, mill and concentrator, referred to as the Mine & Mill (M&M) located in Lemhi County outside of the town of Salmon, Idaho, and a hydrometallurgical plant. Its property also includes Wallace Creek, in which the Company has interest in certain mineral claims located in Lemhi County. Its properties in Saskatchewan, Canada include Kernaghan Lake/Bell, which consists of over 10 mineral claims, and Virgin River, which is located in the Athabasca Basin of northern Saskatchewan.