Pala Investments has increased its offer to acquire Cobalt 27 for $4 per share from $3.57 per share. This figure represents an additional $30 million cash consideration to Cobalt 27 shareholders. Scotiabank and Regent Advisors provided financial advice to Cobalt 27 on the new arrangement while Goldman Sachs did likewise for Pala. Pala has received financing commitments from Société Générale and ING Capital LLC as joint lead arrangers for loan facilities related to the transaction. Toronto-based Cobalt 27 is a battery metals streaming company.