19:42:49 EDT Fri 03 Jul 2020
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or Name

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Symbol GBLT
Shares Issued 112,525,619
Close 2019-11-14 C$ 0.235
Recent Sedar Documents

GBLT claims innocence over promotional e-mails

2019-11-14 23:20 ET - News Release

Mr. Thilo Senst reports


At the request of the market surveillance group of the Investment Industry Regulatory Organization of Canada (IIROC), GBLT Corp. says it is not aware of any material undisclosed information that may be contributing to the level of trading activity of its shares on the TSX Venture Exchange.

In addition, the company wishes to make the following statements regarding recent market activity in its common stock traded on the OTCQB marketplace.

The company became aware of certain promotional activities related to its securities on Nov. 13, 2019, upon receipt of correspondence from OTC Markets specifically related to certain promotional newsletter e-mails encouraging investors to purchase the company's common stock. Until being informed by OTC Markets of the promotional material, the company was unaware of the promotional activity and is unaware of the full nature of the promotional activity and the extent of the dissemination. After due inquiry, the company believes that the promotion may have resulted in any increased trading activity in the company stock.

To the company's knowledge, neither the company, nor any of its officers, directors or any controlling shareholders (that is, shareholders owning 10 per cent or more of the company's securities), were involved, directly or indirectly, with the creation, distribution or payment of the promotional newsletter e-mails. Upon reviewing the content of the material, certain of the statements and claims made were taken from the company's website, quotes from historical press releases and information from the OTC Markets website, which are factual and non-misleading, but the company had no editorial control over the content of the material. However, there are statements made, which encourage investors to purchase the common stock of the company, which only express the view of the authors and the company disclaims any potentially exaggerated or misleading statements contained in the materials.

The company routinely responds to inquiries from shareholders, potential investors and investment analysts, and generates its own company marketing materials. However, to the company's knowledge, after due inquiry, neither the company, nor any of its officers, directors or any controlling shareholders (that is, shareholders owning 10 per cent or more of the company's securities), have directly been involved with the creation or distribution of promotional newsletter e-mails that make exaggerated or misleading claims related to the company and its securities.

To the company's knowledge, after due inquiry, except for 5,000 common shares sold by Thilo Senst, indirectly though SWT Beteiligungs AG, pursuant to a Form 45-102F1 filed on SEDAR on Oct. 31, 2019, neither the company's executive officers and directors, nor, to the knowledge of the company, any controlling shareholders, sold or purchased shares of common stock of the company within the past 90 days. Further, the company has not issued any shares or convertible instruments allowing conversion to equity securities at prices constituting an impermissible discount to the market price of the company's shares at the time of the issuance. Details regarding the issuances of securities by the company are available on SEDAR.

No third party providers have been engaged by the company to provide investor relations services, public relations services, marketing or other related services, including the promotion of the company or its securities in the last 12 months.

The company encourages those interested in the company to rely solely on information included in press releases issued and distributed by the company, combined with its filings and disclosures made with the Canadian securities regulators, and information provided through the OTC Markets and available on the SEDAR and OTC Markets websites, respectively.

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