Cougar Metals NL (ASX:CGM) seeks acquisitions. The company intends to use the net proceeds received from its private placement of AUD 3.15 million towards exploration of the company's Ceara Lithium project in Brazil, the Plateado Cobalt project in Chile, the Pyke Hill nickel cobalt project, repayment of specific debt, general working capital and for the acquisition of any prospective projects identified in the future.