March 19 (Reuters) - Cobalt 27 Capital Corp KBLT.V :
* COBALT 27 PROVIDES STATUS UPDATE ON ACQUISITION OF HIGHLANDS PACIFIC
* COBALT 27 CAPITAL CORP - UPON CLOSE OF PROPOSED HIGHLANDS ACQUISITION, COBALT 27 TO GAIN AN 8.56% INTEREST IN PRODUCING RAMU NICKEL-COBALT MINE