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Cobalt Power Group Inc.

09:51 AM EST - Cobalt Power Group Inc. : Announced its intention to proceed with a share consolidation of its issued and outstanding common shares. There are currently 158,605,628 common shares issued and outstanding. Shareholders will receive one post consolidation common share for every 12 pre-consolidation common shares held by them. The company name will change to Power Group Projects Corp. Cobalt Power Group Inc. shares V.CPO are trading down $0.005 at $0.02.