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Enter Symbol
or Name
USA
CA



CBLT Inc
Symbol CBLT
Shares Issued 76,177,073
Close 2023-12-27 C$ 0.025
Market Cap C$ 1,904,427
Recent Sedar+ Documents

CBLT closes $25,000 private placement

2023-12-28 18:09 ET - News Release

Subject: No Subject! Word Document File: '\\swfile\EmailIn\20231228 145730 Attachment 12 28 closed flowthrough.doc' CBLT ANNOUNCES GRANT OF OPTIONS (Burlington, ON December 28, 2023) CBLT Inc. (CBLT: TSX-V) ("CBLT") announces it has closed the previously announced "flow through" financing consisting of 500,000 units (each, a "Unit") from treasury. Each Unit consists of one common share and one common share purchase warrant with a strike price of $.06 and a term of two years. The price of each Unit is $0.05, for gross proceeds to CBLT of $25,000. The use of proceeds is to advance one or more of CBLT's mining exploration properties in Canada. No finders fees were paid and no insider participated on this transaction. CONTACT INFORMATION Peter M. Clausi CEO and Director 1 416 890 1232 pclausi@cbltinc.com @ClausiPeter Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, CBLT will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, CBLT assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to; SARS-CoV-2; reliance on key personnel; the performance of the Ciscom Corp. leadership team; shareholder and regulatory approvals; the ability of Powerstone's team to receive a receipt for its prospectus and to achieve a listing of its common shares on a Canadian stock exchange; First Nations and other local communities; jurisdictional risk; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution of securities; commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs related to inflation; effect of market interest on price of securities; failing to identify an economically viable mineral deposit; and, potential dilution. CBLT's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

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