CBLT Announces Closing of Financing and Grant of Options
CBLT Announces Closing of Financing and Grant of
Options
Burlington, Ontario--(Newsfile Corp. - June 26, 2017) - CBLT Inc. (TSXV: CBLT) (the "
Company
") announces that it has closed
on $389,000 of previously announced financing and has also received $74,000 from the exercise of options and warrants.
CBLT granted a total of 609,000 stock options to consultants and directors, effective June 19, 2017, exercisable at $0.10 cents
each and expiring June 18, 2022.
CBLT continues to build its impressive portfolio of assets in mining-friendly jurisdictions, including Copper Prince, Dryden
Cobalt, Otto Lake, Chilton Cobalt, Gowganda Cobalt, Geneva Lake, Ryliejack and Mikayla.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to the Company 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", "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.
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, the Company 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, the
Company 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: reliance on key personnel; risks
of future legal proceedings; income tax matters; availability and terms of financing; distribution of securities; effect of market
interest rates on price of securities, and potential dilution.
About
CBLT Inc
.
CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining
jurisdictions. CBLT is well-poised to deliver real value to its shareholders.
On Behalf of the Board of Directors
CBLT Inc
.
"Peter M. Clausi"
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
1 905-681-1925
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.