10:25:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



CBLT Inc
Symbol CBLT
Shares Issued 76,177,073
Close 2022-09-30 C$ 0.035
Market Cap C$ 2,666,198
Recent Sedar Documents

CBLT investee completes Prospect Media acquisition

2022-10-03 13:15 ET - News Release

Mr. Peter Clausi reports

CBLT INVESTEE CLOSES SECOND ACQUISITION

CBLT Inc. investee Ciscom Corp. has completed its previously announced acquisition of Prospect Media Group Ltd. (PMG). This is Ciscom's second acquisition.

Ciscom was able to source equity and bank financing to effect the PMG acquisition. Ciscom has advised its current round of equity financing was carried out at 55 cents per share, and has advised it has 50,850,296 shares outstanding.

Headquartered in Ontario, PMG is an adtech-driven organization that has developed unique proprietary software applications which enable the efficient processing of big data. On a day-to-day basis, PMG provides analytics, customer acquisition strategies, digital marketing, direct mail, flyer distribution management and related integrated media services to Canadian retailers and business-to-consumer companies. PMG provides fully customized marketing solutions to retail customers in a wide range of industries.

Ciscom has received a receipt for its preliminary prospectus from the Ontario Securities Commission and advises it is working toward obtaining a receipt for a final prospectus. Corporate and financial information related to PMG, Ciscom and the first acquisition can be found at Ciscom's SEDAR site.

As described in CBLT's press release of Nov. 10, 2021, CBLT has declared a dividend of 900,032 of its Ciscom shares back to its shareholder base. For every CBLT share held, each CBLT shareholder will receive 0.011815 Ciscom share, which means for every 84.64119222 CBLT shares held, each CBLT shareholder will receive one Ciscom share. Fractional dividends will not be paid. Such dividend will be paid to the CBLT shareholders after Ciscom obtains a receipt for its final prospectus.

Following the payment of the dividend, CBLT will retain the remaining 3,315,084 Ciscom shares for its corporate purposes.

We seek Safe Harbor.

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