UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Emerging growth company
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| Item 3.02 | Unregistered Sale of Securities. |
On April 12, 2023, Chilean Cobalt Corp., a Nevada corporation (“the “Company) entered into securities purchase agreements with fifteen (15) accredited investors for the purchase and sale of, subject to customary closing conditions, an aggregate of 1,428,572 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) at a price of $0.77 per share of Common Stock, for total aggregate proceeds of $1,100,000.44 (the “Private Placement”). The closing of the Private Placement occurred on April 12, 2023. The Company did not use a placement agent for the Private Placement. The Company intends to use the proceeds of the Private Placement for progressing the phase 1 exploration plan, consideration of strategic acquisitions and working capital for operations.
The Common Stock will be issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act, and Rule 506(c) of Regulation D thereunder.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CHILEAN COBALT CORP | ||
| Dated: April 18, 2023 | By: | /s/ Duncan T. Blount |
| Name: | Duncan T. Blount | |
| Title: | Chief Executive Officer | |