11:19 AM EST - eCobalt Solutions Inc. : Announced that Glass, Lewis & Co., LLC has recommended that eCobalt shareholders vote FOR the proposed plan of arrangement with Jervois Mining Limited. In making its recommendation to institutional investors, Glass Lewis took into consideration the challenging financing environment due to ongoing volatility in the price for cobalt, the strategic review process undertaken by the Board, and the conclusion by the Board that the Arrangement "is in the best interests of eCobalt given the implied value of the consideration and equity premium, as well as the continued participation in any value increases associated with eCobalt's projects given the meaningful stake in the combined entity." eCobalt Solutions Inc.
shares T.ECS are trading up $0.005 at $0.21.
